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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Fixed Maturity Securities [Abstract]    
Available-for-sale at fair value (amortized cost of $46,753 and $38,882) $ 51,121 $ 39,992
Equity Securities, FV-NI 320 82
Mortgage loans on real estate (net of allowances of $12 and $11) 5,706 4,966
Policy loans 1,319 1,345
Funds withheld at interest 5,662 5,761
Short-term investments 64 143
Other invested assets 2,363 1,915
Total investments 66,555 54,204
Cash and cash equivalents 1,449 1,890
Accrued investment income 493 428
Premiums receivable and other reinsurance balances 2,940 3,018
Reinsurance ceded receivables 904 758
Deferred policy acquisition costs 3,512 3,398
Other assets 878 839
Total assets 76,731 64,535
Liabilities and Stockholders’ Equity    
Future policy benefits 28,672 25,285
Interest-sensitive contract liabilities 22,711 18,005
Other policy claims and benefits 5,711 5,643
Other reinsurance balances 557 487
Deferred income taxes 2,712 1,799
Other liabilities 1,188 1,396
Long-term debt 2,981 2,788
Collateral finance and securitization notes 598 682
Total liabilities 65,130 56,085
Commitments and contingent liabilities (See Note 12)
Stockholders Equity:    
Preferred stock (par value $.01 per share; 10,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock (par value $.01 per share; 140,000,000 shares authorized; shares issued: 79,137,758 at December 31, 2019 and 2018) 1 1
Additional paid-in-capital 1,937 1,899
Retained earnings 7,952 7,285
Treasury stock, at cost - 16,481,656 and 16,323,390 shares (1,426) (1,371)
Accumulated other comprehensive income 3,137 636
Total stockholders’ equity 11,601 8,450
Total liabilities and stockholders’ equity $ 76,731 $ 64,535