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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $58,460 and $58,599, respectively) $ 61,560 $ 63,333
Equity securities, at estimated fair value (cost: $142 and $142, respectively) 160 161
Mortgage loans (net of valuation allowances of $49 and $46, respectively; includes $105 and $115, respectively, at estimated fair value, relating to variable interest entities) 11,206 10,640
Policy loans 1,107 1,106
Real estate joint ventures 441 433
Other limited partnership interests 1,698 1,667
Short-term investments, principally at estimated fair value 215 269
Other invested assets, principally at estimated fair value 2,468 2,519
Total investments 78,855 80,128
Cash and cash equivalents, principally at estimated fair value 1,411 1,363
Accrued investment income (includes $1 and $1, respectively, relating to variable interest entities) 614 575
Premiums, reinsurance and other receivables 12,990 12,918
Deferred policy acquisition costs and value of business acquired 5,457 5,623
Current income tax recoverable 821 735
Other assets 549 547
Separate account assets 106,529 110,156
Total assets 207,226 212,045
Liabilities    
Future policy benefits 35,327 35,715
Policyholder account balances 37,186 37,069
Other Policyholder Funds 2,730 2,720
Payables for collateral under securities loaned and other transactions 4,238 4,158
Long-term debt (includes $8 and $11, respectively, at estimated fair value, relating to variable interest entities) 43 46
Deferred Tax Liabilities, Net 749 894
Other Liabilities 4,361 4,419
Separate account liabilities 106,529 110,156
Total liabilities 191,163 195,177
Contingencies, Commitments and Guarantees (Note 11)
Equity    
Common stock, par value $25,000 per share; 4,000 shares authorized; 3,000 shares issued and outstanding 75 75
Additional paid-in capital 19,073 19,073
Retained earnings (deficit) (4,099) (4,132)
Accumulated other comprehensive income (loss) 999 1,837
Total equity 16,048 16,853
Stockholders' Equity Attributable to Noncontrolling Interest 15 15
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 16,063 16,868
Total liabilities and equity $ 207,226 $ 212,045