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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $110,323; 2021 - $104,526; allowance for credit losses: 2022 - $18; 2021 - $19) $ 97,391 $ 117,511
Trading securities 3,527 4,427
Equity securities 427 314
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $495; 2021 - $739) 17,975 17,893
Policy loans 2,333 2,349
Derivative investments 3,624 5,437
Other investments 3,627 3,449
Total investments 128,904 151,380
Cash and invested cash 1,291 2,331
Deferred acquisition costs and value of business acquired 13,757 5,985
Premiums and fees receivable 582 580
Accrued investment income 1,238 1,157
Reinsurance recoverables, net of allowance for credit losses 24,256 22,755
Funds withheld reinsurance assets 501 517
Goodwill 1,144 1,778
Other assets 20,765 22,949
Separate account assets 137,295 182,583
Total assets 329,733 392,015
Liabilities    
Future contract benefits 41,162 40,416
Other contract holder funds 117,729 111,174
Short-term debt 771 1,084
Long-term debt 2,267 2,334
Reinsurance-related embedded derivatives   578
Funds withheld reinsurance liabilities 6,296 7,089
Payables for collateral on investments 6,855 8,936
Other liabilities 11,333 15,441
Separate account liabilities 137,295 182,583
Total liabilities 323,708 369,635
Contingencies and Commitments (See Note 9)
Stockholder’s Equity    
Common stock – 10,000,000 shares authorized, issued and outstanding 12,114 11,950
Retained earnings 1,944 3,886
Accumulated other comprehensive income (loss) (8,033) 6,544
Total stockholder’s equity 6,025 22,380
Total liabilities and stockholder’s equity $ 329,733 $ 392,015