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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity available-for-sale securities, at fair value $ 81,880 $ 82,300
Trading securities 2,203 2,321
Equity securities 319 306
Mortgage loans on real estate, net of allowance for credit losses 19,176 18,873
Policy loans 2,464 2,463
Derivative investments 8,154 6,305
Other investments 4,988 4,757
Total investments 119,184 117,325
Cash and invested cash 3,807 3,193
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,352 12,418
Reinsurance recoverables, net of allowance for credit losses 45,705 45,110
Deposit assets, net of allowance for credit losses 21,084 21,056
Market risk benefit assets 4,878 3,894
Accrued investment income 1,017 982
Goodwill 1,144 1,144
Other assets 10,808 10,597
Separate account assets 166,225 158,257
Total assets 386,204 373,976
Liabilities    
Policyholder account balances 121,891 120,316
Future contract benefits 39,212 40,174
Funds withheld reinsurance liabilities 14,230 13,628
Market risk benefit liabilities 1,266 1,716
Deferred front-end loads 6,121 5,923
Payables for collateral on investments 9,904 7,982
Short-term debt 1,281 840
Long-term debt 2,179 2,195
Other liabilities 12,720 12,438
Separate account liabilities 166,225 158,257
Total liabilities 375,029 363,469
Contingencies and Commitments (See Note 13)
Stockholder’s Equity    
Common stock – $10,000,000 shares authorized, issued and outstanding 12,978 12,961
Retained earnings (deficit) (392) (869)
Accumulated other comprehensive income (loss) (1,411) (1,585)
Total stockholder’s equity 11,175 10,507
Total liabilities and stockholder’s equity $ 386,204 $ 373,976