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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $109,647; 2021 - $105,177; allowance for credit losses: 2022 - $12; 2021 - $19) $ 103,365 $ 118,746
Trading securities 3,822 4,482
Equity securities 344 318
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $528; 2021 - $739) 17,922 17,991
Policy loans 2,368 2,364
Derivative investments 3,370 5,437
Other investments 4,054 4,292
Total investments 135,245 153,630
Cash and invested cash 1,567 2,612
Deferred acquisition costs and value of business acquired 11,872 6,081
Premiums and fees receivable 656 580
Accrued investment income 1,226 1,189
Reinsurance recoverables, net of allowance for credit losses 19,909 20,295
Funds withheld reinsurance assets 506 517
Goodwill 1,778 1,778
Other assets 17,219 18,036
Separate account assets 145,791 182,583
Total assets 335,769 387,301
Liabilities    
Future contract benefits 39,306 41,030
Other contract holder funds 115,127 111,702
Short-term debt   300
Long-term debt 6,498 6,325
Reinsurance-related embedded derivatives   206
Funds withheld reinsurance liabilities 2,229 2,118
Payables for collateral on investments 7,524 8,946
Other liabilities 10,106 13,819
Separate account liabilities 145,791 182,583
Total liabilities 326,581 367,029
Contingencies and Commitments (See Note 10)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 170,224,116 and 177,193,515 shares issued and outstanding as of June 30, 2022, and December 31, 2021, respectively 4,546 4,735
Retained earnings 8,985 9,096
Accumulated other comprehensive income (loss) (4,343) 6,441
Total stockholders' equity 9,188 20,272
Total liabilities and stockholders' equity $ 335,769 $ 387,301