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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $46,620 and $46,753; allowance for credit losses of $33 at March 31, 2020) $ 48,555 $ 51,121
Available-for-sale Securities, Equity Securities 112 320
Mortgage loans on real estate (net of allowances of $39 and $12) 6,014 5,706
Policy loans 1,314 1,319
Funds withheld at interest 5,258 5,662
Short-term investments 117 64
Other invested assets 2,542 2,363
Total investments 63,912 66,555
Cash and cash equivalents 2,820 1,449
Accrued investment income 510 493
Premiums receivable and other reinsurance balances 2,836 2,940
Reinsurance ceded receivables 889 904
Deferred policy acquisition costs 3,622 3,512
Other assets 1,065 878
Total assets 75,654 76,731
Liabilities and Stockholders’ Equity    
Future policy benefits 29,521 28,672
Interest-sensitive contract liabilities 23,164 22,711
Other policy claims and benefits 5,854 5,711
Other reinsurance balances 596 557
Deferred income taxes 2,163 2,712
Other liabilities 1,505 1,188
Long-term debt 2,981 2,981
Collateral finance and securitization notes 569 598
Total liabilities 66,353 65,130
Commitments and contingent liabilities (See Note 8)
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, 79,137,758 shares issued at March 31, 2020 and December 31, 2019 1 1
Additional paid-in-capital 1,942 1,937
Retained earnings 7,802 7,952
Treasury stock, at cost - 17,491,415 and 16,481,656 shares (1,574) (1,426)
Accumulated other comprehensive income 1,130 3,137
Total stockholders’ equity 9,301 11,601
Total liabilities and stockholders’ equity $ 75,654 $ 76,731