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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Available-for-sale securities, at fair value:    
Fixed maturity securities (amortized cost: 2018 – $87,267; 2017 – $86,993) $ 92,059 $ 94,840
Equity securities (cost: 2017 – $247)   246
Trading securities 1,553 1,620
Equity securities 112  
Mortgage loans on real estate 11,047 10,762
Real estate 11 11
Policy loans 2,389 2,399
Derivative investments 827 915
Other investments 2,049 2,296
Total investments 110,047 113,089
Cash and invested cash 2,257 1,628
Deferred acquisition costs and value of business acquired 9,289 8,403
Premiums and fees receivable 480 396
Accrued investment income 1,137 1,078
Reinsurance recoverables 5,009 4,907
Funds withheld reinsurance assets 576 593
Goodwill 1,368 1,368
Other assets 6,313 6,082
Separate account assets 142,761 144,219
Total assets 279,237 281,763
Liabilities    
Future contract benefits 22,923 22,887
Other contract holder funds 80,710 80,209
Short-term debt 250 450
Long-term debt 5,648 4,894
Reinsurance related embedded derivatives 34 57
Funds withheld reinsurance liabilities 1,726 1,761
Deferred gain on business sold through reinsurance 1 1
Payables for collateral on investments 4,265 4,417
Other liabilities 4,934 5,546
Separate account liabilities 142,761 144,219
Total liabilities 263,252 264,441
Contingencies and Commitments (See Note 10)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 218,695,476 and 218,090,114 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 5,700 5,693
Retained earnings 8,052 8,399
Accumulated other comprehensive income (loss) 2,233 3,230
Total stockholders' equity 15,985 17,322
Total liabilities and stockholders' equity $ 279,237 $ 281,763