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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Securities held to maturity, at amortized cost:    
Fixed maturities $ 38,346 $ 33,459
Other Investments 622 294
Cash and cash equivalents 3,700 4,350
Total investments and cash 125,983 105,897
Receivables 758 705
Accrued investment income 806 768
Deferred policy acquisition costs 9,552 8,511
Property and equipment, at cost less accumulated depreciation 467 427
Other [1] 3,721 1,948
Total assets 141,287 118,256
Policy liabilities:    
Future policy benefits 82,611 69,687
Unpaid policy claims 4,261 3,802
Unearned premiums 8,726 7,857
Other policyholders’ funds 7,468 6,285
Total policy liabilities 103,066 87,631
Income Taxes 6,714 4,340
Payables for return of cash collateral on loaned securities 826 941
Notes payable 5,009 4,971
Other [2] 3,122 2,665
Total liabilities 118,737 100,548
Shareholders’ equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2016 and 2015; issued 670,764 shares in 2016 and 669,723 shares in 2015 67 67
Additional paid-in capital 1,905 1,828
Retained earnings 24,944 24,007
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (847) (2,196)
Unrealized gain (losses) on investment securities 6,441 2,986
Unrealized gains (losses) on derivatives (19) (26)
Pension liability adjustment (143) (139)
Treasury stock, at average cost (9,798) (8,819)
Total shareholders’ equity 22,550 17,708
Total liabilities and shareholders’ equity 141,287 118,256
Investments Other Than Consolidated Variable Interest Entities    
Securities available for sale, at fair value:    
Fixed maturities 74,793 60,795
Perpetual securities 1,635 1,719
Equity securities 256 135
Securities held to maturity, at amortized cost:    
Fixed maturities 38,346 33,459
Variable Interest Entity, Consolidated    
Securities available for sale, at fair value:    
Fixed maturities 5,493 4,554
Perpetual securities 197 228
Equity securities $ 941 $ 363
[1] Includes $177 in 2016 and $102 in 2015 of derivatives from consolidated variable interest entities
[2] Includes $117 in 2016 and $293 in 2015 of derivatives from consolidated variable interest entities