Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2019 – $93,307; 2018 – $91,219)		$ 103,773	$ 92,787
Trading securities		4,602	1,869
Equity securities		103	99
Mortgage loans on real estate		16,244	13,190
Policy loans		2,460	2,491
Derivative investments		1,911	1,081
Other investments		2,565	1,962
Total investments		131,658	113,479
Cash and invested cash		1,879	1,848
Deferred acquisition costs and value of business acquired		7,745	10,308
Premiums and fees receivable		464	568
Accrued investment income		1,109	1,087
Reinsurance recoverables		19,164	19,826
Reinsurance related embedded derivatives			188
Funds withheld reinsurance assets		542	563
Goodwill		1,778	1,782
Other assets		18,106	16,663
Separate account assets		153,571	132,833
Total assets		336,016	299,145
Liabilities
Future contract benefits		35,717	33,884
Other contract holder funds		97,422	90,573
Short-term debt	[1]	609	288
Long-term debt		2,414	2,401
Reinsurance related embedded derivatives		375
Funds withheld reinsurance liabilities		5,566	4,860
Payables for collateral on investments		5,077	4,786
Other liabilities		13,680	13,201
Separate account liabilities		153,571	132,833
Total liabilities		314,431	282,826
Contingencies and Commitments (See Note 14)
Stockholder’s Equity
Common stock – 10,000,000 shares authorized, issued and outstanding		11,312	11,237
Retained earnings		4,437	4,423
Accumulated other comprehensive income (loss)		5,836	659
Total stockholder’s equity		21,585	16,319
Total liabilities and stockholder’s equity		$ 336,016	$ 299,145

[1] The short-term debt represents short-term notes payable to LNC.