Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost:	$ 94,200	$ 93,448
Trading securities	1,552	1,676
Equity securities	475	636
Mortgage loans on real estate, net of allowance for credit losses	22,825	22,472
Policy loans	2,606	2,626
Derivative investments	8,337	9,945
Other investments	8,742	8,105
Total investments	138,737	138,908
Cash and invested cash	7,345	9,502
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,886	12,827
Reinsurance recoverables, net of allowance for credit losses	27,688	28,012
Deposit assets, net of allowance for credit losses	33,597	33,690
Market risk benefit assets	4,303	4,753
Accrued investment income	1,170	1,122
Goodwill	1,144	1,144
Other assets	7,248	7,154
Separate account assets	172,043	180,092
Total assets	406,161	417,204
Liabilities
Policyholder account balances	135,683	136,245
Future contract benefits	42,010	42,077
Funds withheld reinsurance liabilities	17,564	17,922
Market risk benefit liabilities	1,127	1,118
Deferred front-end loads	7,804	7,586
Payables for collateral on investments	6,556	7,954
Short-term debt	400	400
Long-term debt	5,969	5,866
Other liabilities	6,793	7,038
Separate account liabilities	172,043	180,092
Total liabilities	395,949	406,298
Contingencies and Commitments (See Note 14)
Stockholders’ Equity
Common stock	5,602	5,592
Retained earnings	8,091	8,386
Accumulated other comprehensive income (loss)	(4,467)	(4,058)
Total stockholders’ equity	10,212	10,906
Total liabilities and stockholders’ equity	406,161	417,204
Series C Preferred Stock
Stockholders’ Equity
Preferred stock	493	493
Series D Preferred Stock
Stockholders’ Equity
Preferred stock	$ 493	$ 493