XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Investments:                    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19) $ 99,736 $ 97,572 $ 103,317 $ 110,663 $ 118,711 $ 122,085 $ 122,215 $ 117,313    
Trading securities 3,498 3,580 3,803 4,364 4,460 4,170 4,211 4,344    
Equity securities 427 427 411 399 375 264 195 144    
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739) 18,301 18,066 17,922 17,892 17,991 17,730 17,586 17,255    
Policy loans 2,359 2,347 2,368 2,339 2,364 2,379 2,410 2,502    
Derivative investments 3,594 3,455 3,167 4,573 5,697 5,075 4,730 3,482    
Other investments 3,739 3,813 4,078 4,122 4,288 4,066 3,948 3,547    
Total investments 131,654 129,260 135,066 144,352 153,886 155,769 155,295 148,587    
Cash and invested cash 3,343 1,472 1,567 1,960 2,612 2,614 2,389 1,350 $ 1,708 $ 2,563
Deferred acquisition costs and value of business acquired 13,588 13,684 11,872 8,811 6,083 5,966 6,261 7,665 5,812  
Accrued investment income 1,253 1,283 1,226 1,247 1,189 1,297 1,254 1,301    
Reinsurance recoverables, net of allowance for credit losses 19,882 20,045 19,909 20,044 20,295 15,729 15,981 16,289    
Goodwill 1,144 1,144 1,778 1,778 1,778 1,778 1,778 1,778    
Other assets 20,708 19,991 18,137 18,467 18,519 18,076 18,125 18,264    
Separate account assets 143,536 137,295 145,791 168,879 182,583 175,667 178,795 171,339    
Total assets 335,108 324,174 335,346 365,538 386,945 376,896 379,878 366,573    
Liabilities                    
Future contract benefits 42,151 41,716 39,309 39,776 41,030 40,641 40,251 39,592    
Other contract holder funds 120,800 118,201 115,145 112,913 111,710 109,300 108,778 107,002    
Short-term debt 500 500     300 300 300 300    
Long-term debt 5,955 5,959 6,498 6,561 6,325 6,323 6,334 6,294    
Payables for collateral on investments 6,712 6,865 7,524 8,927 8,946 8,379 8,199 7,597    
Other liabilities 10,885 10,970 11,425 13,298 15,297 15,121 15,479 14,862    
Separate account liabilities 143,536 137,295 145,791 168,879 182,583 175,667 178,795 171,339    
Total liabilities 330,539 321,506 325,692 350,354 366,191 355,731 358,136 346,986    
Contingencies and Commitments (See Note 13)    
Stockholders' Equity                    
Preferred stock - 10,000,000 shares authorized      
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively 4,544 4,534 4,546 4,586 4,735 4,956 5,021 5,057    
Retained earnings 6,707 6,762 9,445 9,346 9,578 9,360 9,242 8,769    
Accumulated other comprehensive income (loss) (7,668) (8,628) (4,337) 1,252 6,441 6,849 7,479 5,761    
Total stockholders' equity 4,569 2,668 9,654 15,184 20,754 21,165 21,742 19,587 $ 22,699  
Total liabilities and stockholders' equity 335,108 $ 324,174 $ 335,346 $ 365,538 $ 386,945 $ 376,896 $ 379,878 $ 366,573    
Series C Preferred Stock [Member]                    
Stockholders' Equity                    
Preferred stock - 10,000,000 shares authorized 493                  
Series D Preferred Stock [Member]                    
Stockholders' Equity                    
Preferred stock - 10,000,000 shares authorized $ 493