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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments [Abstract]    
Fixed maturity available-for-sale securities, at fair value $ 82,300 $ 99,465
Trading securities 2,321 3,446
Equity securities 306 427
Mortgage loans on real estate, net of allowance for credit losses 18,873 18,211
Policy loans 2,463 2,345
Derivative investments 6,305 3,519
Other investments 4,757 3,577
Total investments 117,325 130,990
Cash and invested cash 3,193 2,499
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,418 12,263
Reinsurance recoverables, net of allowance for credit losses 45,110 21,804
Deposit assets, net of allowance for credit losses 21,056 11,628
Market risk benefit assets 3,894 2,807
Accrued investment income 982 1,234
Goodwill 1,144 1,144
Other assets 10,597 7,677
Separate account assets 158,257 143,536
Total assets 373,976 335,582
Liabilities    
Policyholder account balances 120,316 113,972
Future contract benefits 40,174 38,302
Funds withheld reinsurance liabilities 13,628 8,255
Market risk benefit liabilities 1,716 2,078
Deferred front-end loads 5,923 5,115
Payables for collateral on investments 7,982 6,638
Short-term debt 840 562
Long-term debt 2,195 2,269
Other liabilities 12,438 6,251
Separate account liabilities 158,257 143,536
Total liabilities 363,469 326,978
Contingencies and Commitments (See Note 18)
Stockholder’s Equity    
Common stock – 10,000,000 shares authorized, issued and outstanding 12,961 12,903
Retained earnings (869) 1,414
Accumulated other comprehensive income (loss) (1,585) (5,713)
Total stockholder’s equity 10,507 8,604
Total liabilities and stockholder’s equity $ 373,976 $ 335,582