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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $105,530; 2020 - $103,021; allowance for credit losses: 2021 - $9; 2020 - $13) $ 120,794 $ 121,111
Trading securities 4,135 4,442
Equity securities 239 127
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $818; 2020 - $832) 17,633 16,681
Policy loans 2,364 2,411
Derivative investments 4,828 3,109
Other investments 3,305 3,025
Total investments 153,298 150,906
Cash and invested cash 2,194 1,462
Deferred acquisition costs and value of business acquired 5,917 5,824
Premiums and fees receivable 583 484
Accrued investment income 1,251 1,217
Reinsurance recoverables, net of allowance for credit losses 18,207 18,752
Funds withheld reinsurance assets 526 530
Goodwill 1,778 1,778
Other assets 22,455 19,401
Separate account assets 175,667 167,965
Total assets 381,876 368,319
Liabilities    
Future contract benefits 40,016 40,146
Other contract holder funds 108,762 104,858
Short-term debt 483 497
Long-term debt 2,333 2,412
Reinsurance related embedded derivatives 692 540
Funds withheld reinsurance liabilities 7,862 7,179
Payables for collateral on investments 8,378 6,215
Other liabilities 14,129 13,466
Separate account liabilities 175,667 167,965
Total liabilities 358,322 343,278
Contingencies and Commitments (See Note 11)
Stockholder’s Equity    
Common stock – 10,000,000 shares authorized, issued and outstanding 11,940 11,853
Retained earnings 4,670 4,167
Accumulated other comprehensive income (loss) 6,944 9,021
Total stockholder’s equity 23,554 25,041
Total liabilities and stockholder’s equity $ 381,876 $ 368,319