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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Investments:    
Available-for-sale Securities, Debt Securities $ 25,700 $ 24,657
Marketable Securities, Fixed Maturities, Current 123 165
Trading Securities, Equity 11 11
Equity securities, available-for-sale, at fair value (cost of $399 and $443) 136 459
Policy loans, at outstanding balance 1,434 1,446
Alternative Investments, Fair Value Disclosure 1,084 1,216
Other investments 381 293
Short-term investments (includes variable interest entity assets, at fair value, of $5, as of September 30, 2012) 874 572
Total investments 32,603 31,726
Cash 282 305
Premiums receivable and agents' balances 16 19
Reinsurance Recoverables 20,545 20,499
Deferred policy acquisition costs and present value of future profits 426 542
Deferred Tax Assets, Net 1,356  
Deferred Tax Assets, Net of Valuation Allowance   1,581
Other assets 594 567
Separate account assets 117,851 120,111
Mortgage Loans on Real Estate, Commercial and Consumer, Net 2,871 2,918
Total assets 173,673 175,350
Liabilities    
Reserve for future policy benefits and unpaid losses and loss adjustment expenses 14,391 13,850
Other policyholder funds and benefits payable 30,901 31,157
Other liabilities (including variable interest entity liabilities of $443 and $477) 2,252 2,070
Separate account liabilities 117,851 [1],[2] 120,111
Total liabilities 165,395 167,188
Stockholders' Equity    
Common stock—1,000 shares authorized, issued and outstanding, par value $5,690 6 6
Additional paid-in capital 5,182 5,687
Accumulated other comprehensive income, net of tax 1,068 593
Retained earnings (accumulated deficit) 2,022 1,876
Total stockholders' equity 8,278 8,162
Total liabilities and stockholders' equity 173,673 175,350
Fair Value, Inputs, Level 3 [Member]    
Investments:    
Available-for-sale Securities, Debt Securities 1,786 1,625
Trading Securities, Equity 0 0
Equity securities, available-for-sale, at fair value (cost of $399 and $443) $ 42 $ 38
[1] AV includes the contract holder’s investment in the separate account and the general account.
[2] MAV GMDB is the greatest of current AV, net premiums paid and the highest AV on any anniversary before age 80 years (adjusted for withdrawals).