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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity available-for-sale securities, at fair value $ 81,037 $ 82,300
Trading securities 2,181 2,321
Equity securities 295 306
Mortgage loans on real estate, net of allowance for credit losses 20,008 18,873
Policy loans 2,501 2,463
Derivative investments 8,472 6,305
Other investments 5,385 4,757
Total investments 119,879 117,325
Cash and invested cash 4,662 3,193
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,337 12,418
Reinsurance recoverables, net of allowance for credit losses 50,048 45,110
Deposit assets, net of allowance for credit losses 28,762 21,056
Market risk benefit assets 4,754 3,894
Accrued investment income 1,036 982
Goodwill 1,144 1,144
Other assets 11,113 10,597
Separate account assets 165,199 158,257
Total assets 398,934 373,976
Liabilities    
Policyholder account balances 123,715 120,316
Future contract benefits 38,889 40,174
Funds withheld reinsurance liabilities 25,720 13,628
Market risk benefit liabilities 1,275 1,716
Deferred front-end loads 6,327 5,923
Payables for collateral on investments 11,010 7,982
Short-term debt 656 840
Long-term debt 2,177 2,195
Other liabilities 12,937 12,438
Separate account liabilities 165,199 158,257
Total liabilities 387,905 363,469
Contingencies and Commitments (See Note 13)
Stockholder’s Equity    
Common stock – $10,000,000 shares authorized, issued and outstanding 12,991 12,961
Retained earnings (deficit) (575) (869)
Accumulated other comprehensive income (loss) (1,387) (1,585)
Total stockholder’s equity 11,029 10,507
Total liabilities and stockholder’s equity $ 398,934 $ 373,976