Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Investments:
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2023 - $110,681; 2022 - $110,944; allowance for credit losses: 2023 - $25; 2022 - $21)	$ 103,119	$ 99,465
Trading securities	2,895	3,446
Equity securities	403	427
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2023 - $404; 2022 - $487)	18,371	18,211
Policy loans	2,410	2,345
Derivative investments	5,065	3,519
Other investments	4,038	3,577
Total investments	136,301	130,990
Cash and invested cash	2,883	2,499
Deferred acquisition costs, value of business acquired and deferred sales inducements	12,341	12,263
Reinsurance recoverables, net of allowance for credit losses	20,904	21,264
Market risk benefit assets	3,906	2,807
Accrued investment income	1,260	1,234
Goodwill	1,144	1,144
Other assets	20,788	19,926
Separate account assets	153,246	143,536
Total assets	352,773	335,663
Liabilities
Policyholder account balances	117,156	113,972
Future contract benefits	37,855	38,302
Market risk benefit liabilities	1,548	2,078
Deferred front-end loads	5,444	5,045
Payables for collateral on investments	6,962	6,638
Short-term debt	273	562
Long-term debt	2,243	2,269
Other liabilities	17,645	14,657
Separate account liabilities	153,246	143,536
Total liabilities	342,372	327,059
Contingencies and Commitments (See Note 14)
Stockholder’s Equity
Common stock - 10,000,000 shares authorized, issued and outstanding	12,935	12,903
Retained earnings	(730)	1,414
Accumulated other comprehensive income (loss)	(1,804)	(5,713)
Total stockholder’s equity	10,401	8,604
Total liabilities and stockholder’s equity	$ 352,773	$ 335,663