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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2023 - $111,528; 2022 - $111,707; allowance for credit losses: 2023 - $39; 2022 - $22) $ 101,936 $ 99,736
Trading securities 3,266 3,498
Equity securities 414 427
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2023 - $490; 2022 - $487) 18,327 18,301
Policy loans 2,383 2,359
Derivative investments 4,005 3,594
Other investments 3,892 3,739
Total investments 134,223 131,654
Cash and invested cash 3,766 3,343
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,277 12,235
Reinsurance recoverables, net of allowance for credit losses 19,309 19,443
Market risk benefit assets 3,445 2,807
Accrued investment income 1,277 1,253
Goodwill 1,144 1,144
Other assets 19,280 18,802
Separate account assets 148,421 143,536
Total assets 343,142 334,217
Liabilities    
Policyholder account balances 116,167 114,435
Future contract benefits 39,757 38,826
Market risk benefit liabilities 1,976 2,078
Deferred front-end loads 5,250 5,052
Payables for collateral on investments 6,803 6,712
Short-term debt 500 500
Long-term debt 5,974 5,955
Other liabilities 11,562 12,021
Separate account liabilities 148,421 143,536
Total liabilities 336,410 329,115
Contingencies and Commitments (See Note 13)
Stockholders' Equity    
Common stock – 800,000,000 shares authorized; 169,537,759 and 169,220,511 shares issued and outstanding as of March 31, 2023, and December 31, 2022, respectively 4,560 4,544
Retained earnings 4,940 5,924
Accumulated other comprehensive income (loss) (3,754) (6,352)
Total stockholders' equity 6,732 5,102
Total liabilities and stockholders' equity 343,142 334,217
Series C Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized 493 493
Series D Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized $ 493 $ 493