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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $104,526; 2020 - $103,021; allowance for credit losses: 2021 - $19; 2020 - $13) $ 117,511 $ 121,111
Trading securities 4,427 4,442
Equity securities 314 127
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $739; 2020 - $832) 17,893 16,681
Policy loans 2,349 2,411
Derivative investments 5,437 3,109
Other investments 3,449 3,025
Total investments 151,380 150,906
Cash and invested cash 2,331 1,462
Deferred acquisition costs and value of business acquired 5,985 5,824
Premiums and fees receivable 580 484
Accrued investment income 1,157 1,217
Reinsurance recoverables, net of allowance for credit losses 22,755 18,752
Funds withheld reinsurance assets 517 530
Goodwill 1,778 1,778
Other assets 22,949 19,401
Separate account assets 182,583 167,965
Total assets 392,015 368,319
Liabilities    
Future contract benefits 40,416 40,146
Other contract holder funds 111,174 104,858
Short-term debt 1,084 497
Long-term debt 2,334 2,412
Reinsurance related embedded derivatives 578 540
Funds withheld reinsurance liabilities 7,089 7,179
Payables for collateral on investments 8,936 6,215
Other liabilities 15,441 13,466
Separate account liabilities 182,583 167,965
Total liabilities 369,635 343,278
Contingencies and Commitments (See Note 13)
Stockholder’s Equity    
Common stock – 10,000,000 shares authorized, issued and outstanding 11,950 11,853
Retained earnings 3,886 4,167
Accumulated other comprehensive income (loss) 6,544 9,021
Total stockholder’s equity 22,380 25,041
Total liabilities and stockholder’s equity $ 392,015 $ 368,319