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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $107,459; 2020 - $104,174; allowance for credit losses: 2021 - $17; 2020 - $13) $ 122,085 $ 123,044
Trading securities 4,191 4,501
Equity securities 243 129
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $792; 2020 - $832) 17,730 16,763
Policy loans 2,379 2,426
Derivative investments 4,828 3,109
Other investments 4,069 3,984
Total investments 155,525 153,956
Cash and invested cash 2,614 1,708
Deferred acquisition costs and value of business acquired 5,965 5,812
Premiums and fees receivable 584 486
Accrued investment income 1,297 1,257
Reinsurance recoverables, net of allowance for credit losses 15,729 16,496
Funds withheld reinsurance assets 526 530
Goodwill 1,778 1,778
Other assets 17,367 15,960
Separate account assets 175,667 167,965
Total assets 377,052 365,948
Liabilities    
Future contract benefits 40,641 40,814
Other contract holder funds 109,297 105,405
Short-term debt 300  
Long-term debt 6,323 6,682
Reinsurance related embedded derivatives 304 392
Funds withheld reinsurance liabilities 2,078 1,946
Payables for collateral on investments 8,379 6,222
Other liabilities 12,893 13,823
Separate account liabilities 175,667 167,965
Total liabilities 355,882 343,249
Contingencies and Commitments (See Note 11)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 186,089,222 and 192,329,691 shares issued and outstanding as of September 30, 2021, and December 31, 2020, respectively 4,956 5,082
Retained earnings 9,365 8,686
Accumulated other comprehensive income (loss) 6,849 8,931
Total stockholders' equity 21,170 22,699
Total liabilities and stockholders' equity $ 377,052 $ 365,948