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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity available-for-sale securities, at fair value $ 87,764 $ 88,738
Trading securities 2,227 2,359
Equity securities 319 306
Mortgage loans on real estate, net of allowance for credit losses 19,266 18,963
Policy loans 2,476 2,476
Derivative investments 8,394 6,474
Other investments 5,256 5,015
Total investments 125,702 124,331
Cash and invested cash 4,122 3,365
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,405 12,397
Reinsurance recoverables, net of allowance for credit losses 29,461 29,843
Deposit assets, net of allowance for credit losses 28,904 28,789
Market risk benefit assets 4,878 3,894
Accrued investment income 1,127 1,082
Goodwill 1,144 1,144
Other assets 9,413 9,311
Separate account assets 166,225 158,257
Total assets 383,381 372,413
Liabilities    
Policyholder account balances 122,300 120,737
Future contract benefits 38,848 39,864
Funds withheld reinsurance liabilities 17,486 17,641
Market risk benefit liabilities 1,266 1,716
Deferred front-end loads 6,099 5,901
Payables for collateral on investments 10,117 8,105
Short-term debt 503 250
Long-term debt 5,726 5,699
Other liabilities 7,265 7,350
Separate account liabilities 166,225 158,257
Total liabilities 375,835 365,520
Contingencies and Commitments (See Note 14)
Stockholders’ Equity    
Common stock 4,624 4,605
Retained earnings 5,887 4,778
Accumulated other comprehensive income (loss) (3,951) (3,476)
Total stockholders’ equity 7,546 6,893
Total liabilities and stockholders’ equity 383,381 372,413
Series C Preferred Stock    
Stockholders’ Equity    
Preferred stock 493 493
Series D Preferred Stock    
Stockholders’ Equity    
Preferred stock $ 493 $ 493