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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Available-for-sale securities, at fair value:    
Fixed maturity securities (amortized cost: 2017 – $86,993; 2016 – $84,287) $ 94,840 $ 89,013
Variable interest entities’ fixed maturity securities (amortized cost: 2017 – $0; 2016 – $200)   200
Equity securities (cost: 2017 – $247; 2016 – $260) 246 275
Trading securities 1,620 1,712
Mortgage loans on real estate 10,762 9,889
Real estate 11 24
Policy loans 2,399 2,451
Derivative investments 915 927
Other investments 2,296 2,230
Total investments 113,089 106,721
Cash and invested cash 1,628 2,722
Deferred acquisition costs and value of business acquired 8,403 9,134
Premiums and fees receivable 396 430
Accrued investment income 1,078 1,062
Reinsurance recoverables 4,907 5,265
Funds withheld reinsurance assets 593 617
Goodwill 1,368 2,273
Other assets 6,082 5,006
Separate account assets 144,219 128,397
Total assets 281,763 261,627
Liabilities    
Future contract benefits 22,887 21,576
Other contract holder funds 80,209 78,903
Short-term debt 450  
Long-term debt 4,894 5,345
Reinsurance related embedded derivatives 57 53
Funds withheld reinsurance liabilities 1,761 1,976
Deferred gain on business sold through reinsurance 1 24
Payables for collateral on investments 4,417 4,995
Other liabilities 5,546 5,880
Separate account liabilities 144,219 128,397
Total liabilities 264,441 247,149
Contingencies and Commitments (See Note 13)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock - 800,000,000 shares authorized; 218,090,114 and 226,335,105 shares issued and outstanding as of December 31, 2017, and December 31, 2016, respectively 5,693 5,869
Retained earnings 8,399 7,043
Accumulated other comprehensive income (loss) 3,230 1,566
Total stockholders' equity 17,322 14,478
Total liabilities and stockholders' equity $ 281,763 $ 261,627