Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Investments:
Fixed maturity available-for-sale securities, at fair value	$ 90,680	$ 87,111
Trading securities	1,853	2,025
Equity securities	542	294
Mortgage loans on real estate, net of allowance for credit losses	22,230	21,083
Policy loans	2,584	2,476
Derivative investments	10,427	9,677
Other investments	7,786	7,252
Total investments	136,102	129,918
Cash and invested cash	10,668	5,801
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,681	12,537
Reinsurance recoverables, net of allowance for credit losses	28,665	28,750
Deposit assets, net of allowance for credit losses	33,066	30,776
Market risk benefit assets	4,694	4,860
Accrued investment income	1,172	1,108
Goodwill	1,144	1,144
Other assets	7,223	7,499
Separate account assets	179,860	168,438
Total assets	415,275	390,831
Liabilities
Policyholder account balances	133,223	126,197
Future contract benefits	41,852	39,807
Funds withheld reinsurance liabilities	17,559	16,907
Market risk benefit liabilities	1,190	1,046
Deferred front-end loads	7,349	6,730
Payables for collateral on investments	11,153	10,020
Short-term debt	0	300
Long-term debt	5,772	5,856
Other liabilities	6,865	7,261
Separate account liabilities	179,860	168,438
Total liabilities	404,823	382,562
Contingencies and Commitments (See Note 14)
Stockholders’ Equity
Common stock	5,574	4,674
Retained earnings	7,731	7,645
Accumulated other comprehensive income (loss)	(3,839)	(5,036)
Total stockholders’ equity	10,452	8,269
Total liabilities and stockholders’ equity	415,275	390,831
Series C Preferred Stock
Stockholders’ Equity
Preferred stock	493	493
Series D Preferred Stock
Stockholders’ Equity
Preferred stock	$ 493	$ 493