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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $22,313 as of 2018 and $21,774 as of 2017) $ 22,586 $ 23,141
Fixed maturities, at fair value using the fair value option 1,090 941
Equity securities, at fair value (cost of $48 as of 2018 and $45 as of 2017) 62 60
Short-term investments 0 25
Mortgage loans on real estate, net of valuation allowance of $1 as of 2018 and 2017 5,016 4,910
Policy loans 212 214
Limited partnerships/corporations 570 411
Derivatives 192 136
Securities pledged (amortized cost of $938 as of 2018 and $864 as of 2017) 985 960
Other investments 39 0
Total investments 30,752 30,798
Cash and cash equivalents 217 288
Short-term investments under securities loan agreements, including collateral delivered 801 765
Accrued investment income 333 304
Premiums receivable and reinsurance recoverable 1,423 1,496
Deferred policy acquisition costs, Value of business acquired and Sales inducements to contract owners 1,077 766
Notes receivable from affiliate 0 175
Short-term loan to affiliate 0 80
Due from affiliates 55 60
Property and equipment 63 64
Other assets 172 140
Assets held in separate accounts 76,398 73,036
Total assets 111,291 107,972
Liabilities and Shareholder's Equity    
Future policy benefits and contract owner account balances 30,149 29,669
Payable for securities purchased 88 79
Payables under securities loan agreements, including collateral held 935 845
Short-term debt 1 0
Long-term debt 4 5
Due to affiliates 56 61
Derivatives 85 85
Current income tax payable to Parent 2 23
Deferred income taxes 58 187
Other liabilities 248 401
Liabilities related to separate accounts 76,398 73,036
Total liabilities 108,024 104,391
Commitments and Contingencies (Note 9)
Shareholder's equity:    
Common stock (100,000 shares authorized, 55,000 issued and outstanding as of 2018 and 2017; $50 par value per share) 3 3
Additional paid-in capital 2,728 2,730
Accumulated other comprehensive income (loss) 201 818
Retained earnings (deficit) 335 30
Total shareholder's equity 3,267 3,581
Total liabilities and shareholder's equity $ 111,291 $ 107,972