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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity available-for-sale securities, at fair value $ 84,571 $ 82,300
Trading securities 2,185 2,321
Equity securities 293 306
Mortgage loans on real estate, net of allowance for credit losses 20,701 18,873
Policy loans 2,499 2,463
Derivative investments 9,434 6,305
Other investments 5,470 4,757
Total investments 125,153 117,325
Cash and invested cash 4,743 3,193
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,374 12,418
Reinsurance recoverables, net of allowance for credit losses 48,984 45,110
Deposit assets, net of allowance for credit losses 28,942 21,056
Market risk benefit assets 4,565 3,894
Accrued investment income 1,032 982
Goodwill 1,144 1,144
Other assets 11,253 10,597
Separate account assets 171,483 158,257
Total assets 409,673 373,976
Liabilities    
Policyholder account balances 125,579 120,316
Future contract benefits 41,409 40,174
Funds withheld reinsurance liabilities 26,809 13,628
Market risk benefit liabilities 1,272 1,716
Deferred front-end loads 6,538 5,923
Payables for collateral on investments 10,530 7,982
Short-term debt 269 840
Long-term debt 2,177 2,195
Other liabilities 12,824 12,438
Separate account liabilities 171,483 158,257
Total liabilities 398,890 363,469
Contingencies and Commitments (See Note 13)
Stockholder’s Equity    
Common stock – $10,000,000 shares authorized, issued and outstanding 13,004 12,961
Retained earnings (deficit) (1,300) (869)
Accumulated other comprehensive income (loss) (921) (1,585)
Total stockholder’s equity 10,783 10,507
Total liabilities and stockholder’s equity $ 409,673 $ 373,976