Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Investments:
Fixed maturity available-for-sale securities, at fair value	$ 89,386	$ 87,111
Trading securities	1,909	2,025
Equity securities	341	294
Mortgage loans on real estate, net of allowance for credit losses	21,996	21,083
Policy loans	2,552	2,476
Derivative investments	8,349	9,677
Other investments	6,611	6,588
Total investments	131,144	129,254
Cash and invested cash	7,143	5,801
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,604	12,537
Reinsurance recoverables, net of allowance for credit losses	28,440	28,750
Deposit assets, net of allowance for credit losses	31,754	30,776
Market risk benefit assets	4,577	4,860
Accrued investment income	1,136	1,108
Goodwill	1,144	1,144
Other assets	8,181	8,163
Separate account assets	172,942	168,438
Total assets	399,065	390,831
Liabilities
Policyholder account balances	129,209	126,197
Future contract benefits	41,053	39,807
Funds withheld reinsurance liabilities	16,700	16,907
Market risk benefit liabilities	1,205	1,046
Deferred front-end loads	7,119	6,730
Payables for collateral on investments	8,466	10,020
Short-term debt	0	300
Long-term debt	5,767	5,856
Other liabilities	7,056	7,261
Separate account liabilities	172,942	168,438
Total liabilities	389,517	382,562
Contingencies and Commitments (See Note 14)
Stockholders’ Equity
Common stock	5,545	4,674
Retained earnings	7,409	7,645
Accumulated other comprehensive income (loss)	(4,392)	(5,036)
Total stockholders’ equity	9,548	8,269
Total liabilities and stockholders’ equity	399,065	390,831
Series C Preferred Stock
Stockholders’ Equity
Preferred stock	493	493
Series D Preferred Stock
Stockholders’ Equity
Preferred stock	$ 493	$ 493