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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $20,914 and $22,507) $ 22,799 $ 23,819
Marketable Securities, Fixed Maturities 32 82
Available-for-sale Securities, Equity Securities 154 152
Mortgage loans (net of allowance for loan losses of $0 and $19) 2,872 2,811
Policy loans, at outstanding balance 1,432 1,442
Limited partnerships and other alternative investments 1,001 930
Other investments 213 293
Short-term investments 1,094 1,349
Total investments 29,597 30,878
Cash 537 554
Premiums receivable and agents’ balances, net 15 18
Reinsurance recoverables 20,785 20,725
Deferred policy acquisition costs 405 463
Deferred income taxes, net 556 1,437
Other Assets 1,003 606
Separate Account Assets 115,834 115,665
Total assets 168,732 170,346
Liabilities    
Reserve for future policy benefits 14,482 14,000
Other policyholder funds and benefits payable 29,228 30,588
Other Liabilities 2,508 2,272
Separate account liabilities 115,834 115,665
Total liabilities 162,052 162,525
Commitments and Contingencies
Stockholder’s Equity    
Common stock—1,000 shares authorized, issued and outstanding, par value $5,690 6 6
Additional paid-in capital 3,539 4,935
Accumulated other comprehensive income, net of tax 1,023 722
Retained earnings 2,112 2,158
Stockholders' Equity Attributable to Parent 6,680 7,821
Total liabilities and stockholder’s equity $ 168,732 $ 170,346