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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $110,944; 2021 - $104,526; allowance for credit losses: 2022 - $21; 2021 - $19) $ 99,465 $ 117,511
Trading securities 3,446 4,427
Equity securities 427 314
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739) 18,211 17,893
Policy loans 2,345 2,349
Derivative investments 3,662 5,437
Other investments 3,577 3,449
Total investments 131,133 151,380
Cash and invested cash 2,499 2,331
Deferred acquisition costs and value of business acquired 13,615 5,985
Accrued investment income 1,234 1,157
Reinsurance recoverables, net of allowance for credit losses 23,910 22,755
Goodwill 1,144 1,778
Other assets 21,523 24,046
Separate account assets 143,536 182,583
Total assets 338,594 392,015
Liabilities    
Future contract benefits 41,598 40,416
Other contract holder funds 120,360 111,174
Short-term debt 562 1,084
Long-term debt 2,269 2,334
Payables for collateral on investments 6,638 8,936
Other liabilities 15,833 23,108
Separate account liabilities 143,536 182,583
Total liabilities 330,796 369,635
Contingencies and Commitments (See Note 13)
Stockholder’s Equity    
Common stock – 10,000,000 shares authorized, issued and outstanding 12,903 11,950
Retained earnings 1,968 3,886
Accumulated other comprehensive income (loss) (7,073) 6,544
Total stockholder’s equity 7,798 22,380
Total liabilities and stockholder’s equity $ 338,594 $ 392,015