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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $49,312 and $50,154, respectively) $ 51,785 $ 52,409
Equity securities available-for-sale, at estimated fair value (cost: $280 and $384, respectively) 300 409
Mortgage loans (net of valuation allowances of $38 and $36, respectively; includes $136 and $172, respectively, at estimated fair value, relating to variable interest entities) 8,884 7,262
Policy loans 1,093 1,266
Real estate and real estate joint ventures (includes $0 and $5, respectively, of real estate held-for-sale) 215 628
Other limited partnership interests 1,639 1,846
Short-term investments, principally at estimated fair value 926 1,737
Other invested assets, principally at estimated fair value 3,887 4,942
Total investments 68,729 70,499
Cash and cash equivalents, principally at estimated fair value 1,888 1,383
Accrued investment income (includes $1 and $1, respectively, relating to variable interest entities) 591 505
Premiums, reinsurance and other receivables 20,101 22,251
Deferred policy acquisition costs and value of business acquired 5,274 4,809
Current income tax recoverable 454 0
Deferred income tax receivable 1,018 0
Goodwill 0 381
Other assets 630 799
Separate account assets 100,588 101,735
Total assets 199,273 202,362
Liabilities    
Future policy benefits 31,684 29,894
Policyholder account balances 35,587 35,661
Other policy-related balances 3,384 3,549
Payables for collateral under securities loaned and other transactions 7,362 10,619
Long-term debt (includes $23 and $48, respectively, at estimated fair value, relating to variable interest entities) 804 836
Current income tax payable 0 20
Deferred income tax liability 0 803
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 10,147 7,682
Separate account liabilities 100,588 101,735
Total liabilities 189,556 190,799
Contingencies, Commitments and Guarantees (Note 16)
Stockholder’s 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 12,449 10,871
Retained earnings (deficit) (4,209) (1,011)
Accumulated other comprehensive income (loss) 1,402 1,628
Total stockholder’s equity 9,717 11,563
Total liabilities and stockholder’s equity $ 199,273 $ 202,362