Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Investments:
Fixed maturity available-for-sale securities, at fair value	$ 88,297	$ 87,111
Debt Securities, Trading	1,984	2,025
Equity Securities, FV-NI, Current	345	294
Mortgage loans on real estate, net of allowance for credit losses	21,558	21,083
Policy loans	2,529	2,476
Derivative investments	7,849	9,677
Other investments	6,653	6,588
Total investments	129,215	129,254
Cash and invested cash	4,284	5,801
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,563	12,537
Reinsurance recoverables, net of allowance for credit losses	28,580	28,750
Deposit assets, net of allowance for credit losses	31,048	30,776
Market risk benefit assets	4,157	4,860
Accrued investment income	1,134	1,108
Goodwill	1,144	1,144
Other assets	8,267	8,163
Separate account assets	162,506	168,438
Total assets	382,898	390,831
Liabilities
Policyholder account balances	125,262	126,197
Future contract benefits	40,665	39,807
Funds withheld reinsurance liabilities	16,838	16,907
Market risk benefit liabilities	1,306	1,046
Deferred front-end loads	6,910	6,730
Payables for collateral on investments	8,282	10,020
Short-term debt	0	300
Long-term debt	5,868	5,856
Other liabilities	7,068	7,261
Separate account liabilities	162,506	168,438
Total liabilities	374,705	382,562
Contingencies and Commitments (See Note 13)
Stockholders’ Equity
Common stock	4,703	4,674
Retained earnings	6,810	7,645
Accumulated other comprehensive income (loss)	(4,306)	(5,036)
Total stockholders’ equity	8,193	8,269
Total liabilities and stockholders’ equity	382,898	390,831
Series C Preferred Stock
Stockholders’ Equity
Preferred stock	493	493
Series D Preferred Stock
Stockholders’ Equity
Preferred stock	$ 493	$ 493