Schedule I - Summary of Investments - Other than Investments in Related Parties |
SCHEDULE I SUMMARY OF INVESTMENTS — OTHER THAN INVESTMENTS IN RELATED PARTIES AS OF DECEMBER 31, 2018 | | | | | | | | | | | | | | Cost (1) | | Fair Value | | Carrying Value | | (in millions) | Fixed Maturities: | | | | | | U.S. government, agencies and authorities | $ | 14,004 |
| | $ | 13,829 |
| | $ | 14,004 |
| State, municipalities and political subdivisions | 415 |
| | 461 |
| | 415 |
| Foreign governments | 524 |
| | 530 |
| | 524 |
| Public utilities | 5,101 |
| | 5,046 |
| | 5,101 |
| All other corporate bonds | 25,471 |
| | 25,132 |
| | 25,471 |
| Residential mortgage-backed | 225 |
| | 234 |
| | 225 |
| Asset-backed | 612 |
| | 601 |
| | 612 |
| Redeemable preferred stocks | 449 |
| | 446 |
| | 449 |
| Total fixed maturities | 46,801 |
| | 46,279 |
| | 46,801 |
| Mortgage loans on real estate (2) | 11,842 |
| | 11,494 |
| | 11,835 |
| Real estate held for the production of income | 52 |
| | 52 |
| | 52 |
| Policy loans | 3,779 |
| | 4,183 |
| | 3,779 |
| Other equity investments | 1,293 |
| | 1,334 |
| | 1,334 |
| Trading securities | 16,211 |
| | 16,017 |
| | 16,017 |
| Other invested assets | 2,037 |
| | 2,037 |
| | 2,037 |
| Total Investments | $ | 82,015 |
| | $ | 81,396 |
| | $ | 81,855 |
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______________ | | (1) | Cost for fixed maturities represents original cost, reduced by repayments and write-downs and adjusted for amortization of premiums or accretion of discount; cost for equity securities represents original cost reduced by write-downs; cost for other limited partnership interests represents original cost adjusted for equity in earnings and reduced by distributions. |
| | (2) | Carrying value for mortgage loans on real estate represents original cost adjusted for amortization of premiums or accretion of discount and reduced by valuation allowance. |
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