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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Investments:        
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,142; allowance for credit losses: 2022 - $22; 2021 - $19) $ 99,736 $ 118,711    
Trading securities 3,498 4,460    
Equity securities 427 375    
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739) 18,301 17,991    
Policy loans 2,359 2,364    
Derivative investments 3,594 5,697    
Other investments 3,739 4,288    
Total investments 131,654 153,886    
Cash and invested cash 3,343 2,612 $ 1,708 $ 2,563
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,235 11,896    
Reinsurance recoverables, net of allowance for credit losses 19,443 22,386    
Market risk benefit assets 2,807 1,888    
Accrued investment income 1,253 1,189    
Goodwill 1,144 1,778 1,778  
Other assets 18,802 16,532    
Separate account assets 143,536 182,583    
Total assets 334,217 394,750    
Liabilities        
Policyholder account balances 114,435 110,227    
Future contract benefits 38,826 41,425    
Market risk benefit liabilities 2,078 4,399    
Deferred Front End Loads 5,052 4,225    
Payables for collateral on investments 6,712 8,946    
Short-term debt 500 300    
Long-term debt 5,955 6,325    
Other liabilities 12,021 16,405    
Separate account liabilities 143,536 182,583    
Total liabilities 329,115 374,835    
Contingencies and Commitments (See Note 18    
Stockholders' Equity        
Common stock - 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively 4,544 4,735    
Retained earnings 5,924 5,196    
Accumulated other comprehensive income (loss) (6,352) 9,984    
Total stockholders' equity 5,102 19,915 $ 22,699  
Total liabilities and stockholders' equity 334,217 $ 394,750    
Series C Preferred Stock [Member]        
Stockholders' Equity        
Preferred stock - 10,000,000 shares authorized 493      
Series D Preferred Stock [Member]        
Stockholders' Equity        
Preferred stock - 10,000,000 shares authorized $ 493