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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $52,797 and $49,548; allowance for credit losses of $16 and $20) $ 58,287 $ 56,735
Equity securities, at fair value 147 132
Mortgage loans on real estate (net of allowance for credit losses of $45 and $64) 6,481 5,787
Policy loans 1,254 1,258
Funds withheld at interest 7,049 5,432
Short-term investments 184 227
Other invested assets 2,924 2,829
Total investments 76,326 72,400
Cash and cash equivalents 3,254 3,408
Accrued investment income 525 511
Premiums receivable and other reinsurance balances 3,102 2,842
Reinsurance ceded receivables 1,093 983
Deferred policy acquisition costs 3,622 3,616
Other assets 1,022 896
Total assets 88,944 84,656
Liabilities and Stockholders’ Equity    
Future policy benefits 33,761 31,453
Interest-sensitive contract liabilities 26,161 23,276
Other policy claims and benefits 6,795 6,413
Other reinsurance balances 531 598
Deferred income taxes 2,699 3,263
Other liabilities 2,057 1,340
Long-term debt 3,173 3,573
Collateral finance and securitization notes 323 388
Total liabilities 75,500 70,304
Commitments and contingent liabilities (See Note 8)
Stockholders’ Equity:    
Preferred stock – par value $0.01 per share, 10,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock – par value $0.01 per share, 140,000,000 shares authorized, 85,310,598 shares issued at June 30, 2021 and December 31, 2020 1 1
Additional paid-in capital 2,430 2,406
Retained earnings 8,531 8,148
Treasury stock, at cost – 17,313,661 and 17,353,697 shares (1,559) (1,562)
Accumulated other comprehensive income 4,041 5,359
Total stockholders’ equity 13,444 14,352
Total liabilities and stockholders’ equity $ 88,944 $ 84,656