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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Available-for-Sale: Fixed maturities, at fair value (amortized cost: 2020, $18,974; 2019, $19,111) (net of allowance for credit losses: 2020, $13) $ 19,742 $ 20,902
Mortgage loans, at amortized cost (net of allowance for loan losses: 2020, $25; 2019, $17) 2,653 2,655
Policy loans 869 867
Other Investments (net of allowance for credit losses: 2020, $7; 2019, $4) 723 734
Total investments 23,987 25,158
Cash and cash equivalents 5,056 1,275
Reinsurance recoverables (net of allowance for credit losses: 2020, $7) 3,214 3,198
Other receivables 1,682 1,713
Accrued investment income 175 169
Deferred acquisition costs 2,345 2,673
Other assets 7,770 5,332
Separate account assets 70,842 82,425
Total assets 115,071 121,943
Liabilities:    
Policyholder account balances, future policy benefits and claims 32,677 30,504
Short-term borrowings 200 201
Line of credit with Ameriprise Financial, Inc. 0 50
Other liabilities 6,874 5,427
Separate account liabilities 70,842 82,425
Total liabilities 110,593 118,607
Shareholder's equity:    
Common stock, $30 par value; 100,000 shares authorized, issued and outstanding 3 3
Additional paid-in capital 2,466 2,466
Retained earnings 1,830 293
Accumulated other comprehensive income, net of tax 179 574
Total shareholder's equity 4,478 3,336
Total liabilities and shareholder's equity $ 115,071 $ 121,943