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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2020 – $100,682; 2019 – $93,307; allowance for credit losses: 2020 – $12; 2019 – $0) $ 116,372 $ 103,773
Trading securities 4,574 4,602
Equity securities 120 103
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2020 – $794; 2019 – $0) 16,458 16,244
Policy loans 2,511 2,460
Derivative investments 3,235 1,911
Other investments 2,986 2,565
Total investments 146,256 131,658
Cash and invested cash 1,711 1,879
Deferred acquisition costs and value of business acquired 6,073 7,745
Premiums and fees receivable 497 464
Accrued investment income 1,273 1,109
Reinsurance recoverables, net of allowance for credit losses 19,015 19,164
Funds withheld reinsurance assets 539 542
Goodwill 1,778 1,778
Other assets 20,196 18,106
Separate account assets 152,975 153,571
Total assets 350,313 336,016
Liabilities    
Future contract benefits 39,415 35,717
Other contract holder funds 101,972 97,422
Short-term debt 466 609
Long-term debt 2,409 2,414
Reinsurance related embedded derivatives 476 375
Funds withheld reinsurance liabilities 8,184 5,566
Payables for collateral on investments 6,433 5,077
Other liabilities 14,218 13,680
Separate account liabilities 152,975 153,571
Total liabilities 326,548 314,431
Contingencies and Commitments (See Note 10)
Stockholder’s Equity    
Common stock – 10,000,000 shares authorized, issued and outstanding 11,809 11,312
Retained earnings 3,781 4,437
Accumulated other comprehensive income (loss) 8,175 5,836
Total stockholder’s equity 23,765 21,585
Total liabilities and stockholder’s equity $ 350,313 $ 336,016