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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $59,072 and $58,599, respectively) $ 60,627 $ 63,333
Equity securities, at estimated fair value (cost: $139 and $142, respectively) 150 161
Mortgage loans (net of valuation allowances of $55 and $46, respectively; includes $93 and $115, respectively, at estimated fair value, relating to variable interest entities) 12,934 10,640
Policy loans 1,026 1,106
Real estate joint ventures 444 433
Other limited partnership interests 1,763 1,667
Short-term investments, principally at estimated fair value 116 269
Other invested assets, principally at estimated fair value 2,113 2,519
Total investments 79,173 80,128
Cash and cash equivalents, principally at estimated fair value 1,633 1,363
Accrued investment income (includes $0 and $1, respectively, relating to variable interest entities) 649 575
Premiums, reinsurance and other receivables 12,815 12,918
Deferred policy acquisition costs and value of business acquired 5,385 5,623
Current income tax recoverable 880 735
Other assets 535 547
Separate account assets 103,898 110,156
Total assets 204,968 212,045
Liabilities    
Future policy benefits 35,123 35,715
Policyholder account balances 38,650 37,069
Other Policyholder Funds 2,632 2,720
Payables for collateral under securities loaned and other transactions 4,033 4,158
Long-term debt (includes $3 and $11, respectively, at estimated fair value, relating to variable interest entities) 237 46
Deferred Tax Liabilities, Net 540 894
Other Liabilities 4,654 4,419
Separate account liabilities 103,898 110,156
Total liabilities 189,767 195,177
Contingencies, Commitments and Guarantees (Note 10)
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) (4,522) (4,132)
Accumulated other comprehensive income (loss) 560 1,837
Total equity 15,186 16,853
Stockholders' Equity Attributable to Noncontrolling Interest 15 15
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 15,201 16,868
Total liabilities and equity $ 204,968 $ 212,045