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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Investments:                    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $110,944; 2021 - $104,491; allowance for credit losses: 2022 - $21; 2021 - $19) $ 99,465 $ 97,391 $ 102,954 $ 109,889 $ 117,476 $ 120,794 $ 120,452 $ 115,695    
Trading securities 3,446 3,527 3,760 4,313 4,405 4,114 4,154 4,287    
Equity securities 427 427 412 393 371 260 191 142    
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739) 18,211 17,975 17,830 17,795 17,893 17,633 17,487 17,159    
Policy loans 2,345 2,333 2,355 2,325 2,349 2,364 2,395 2,487    
Derivative investments 3,519 3,398 3,167 4,574 5,697 5,075 4,729 3,482    
Other investments 3,577 3,620 3,782 3,521 3,445 3,302 3,221 3,023    
Total investments 130,990 128,671 134,260 142,810 151,636 153,542 152,629 146,275    
Cash and invested cash 2,499 1,291 1,277 1,722 2,331 2,194 1,914 1,086 $ 1,462 $ 1,879
Deferred acquisition costs and value of business acquired 13,615 13,765 11,832 8,689 5,986 5,918 6,207 7,606 5,824  
Accrued investment income 1,234 1,238 1,196 1,209 1,157 1,251 1,215 1,255    
Reinsurance recoverables, net of allowance for credit losses 23,910 24,256 23,554 22,870 22,755 18,207 18,257 18,583    
Goodwill 1,144 1,144 1,778 1,778 1,778 1,778 1,778 1,778 1,778  
Other assets 21,338 21,560 20,447 22,284 23,292 22,941 22,871 21,930    
Separate account assets 143,536 137,295 145,791 168,879 182,583 175,667 178,795 171,339    
Total assets 338,266 329,220 340,135 370,241 391,518 381,498 383,666 369,852    
Liabilities                    
Future contract benefits 41,598 41,162 38,735 39,186 40,416 40,016 39,621 38,941    
Other contract holder funds 120,360 117,756 114,652 112,399 111,183 108,765 108,249 106,461    
Short-term debt 562 771 698 737 1,084 483 457 568    
Long-term debt 2,269 2,267 2,267 2,311 2,334 2,333 2,332 2,332    
Payables for collateral on investments 6,638 6,855 7,525 8,905 8,936 8,378 8,192 7,593    
Other liabilities 15,037 16,635 17,378 19,524 22,122 22,308 21,934 20,415    
Separate account liabilities 143,536 137,295 145,791 168,879 182,583 175,667 178,795 171,339    
Total liabilities 330,000 322,741 327,046 351,941 368,658 357,950 359,580 347,649    
Contingencies and Commitments (See Note 13)    
Stockholder’s Equity                    
Common stock – 10,000,000 shares authorized, issued and outstanding 12,903 12,114 12,020 11,948 11,950 11,940 11,930 11,919    
Retained earnings 2,436 2,398 4,962 4,799 4,366 4,664 4,595 4,444    
Accumulated other comprehensive income (loss) (7,073) (8,033) (3,893) 1,553 6,544 6,944 7,561 5,840    
Total stockholder’s equity 8,266 6,479 13,089 18,300 22,860 23,548 24,086 22,203 $ 25,041  
Total liabilities and stockholder’s equity $ 338,266 $ 329,220 $ 340,135 $ 370,241 $ 391,518 $ 381,498 $ 383,666 $ 369,852