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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $74,238 and $73,429) (allowance for credit losses of $19 and $22) $ 67,254 $ 78,216
Fixed maturities, at fair value using the fair value option [1] 1,562 1,641
Mortgage loans on real estate (net of allowance for credit losses of $53 and $62) [1] 14,480 14,033
Policy loans 4,020 4,024
Other equity investments [1] 3,202 2,975
Trading securities, at fair value 538 631
Other invested assets [1] 2,160 3,591
Total investments 93,216 105,111
Cash and cash equivalents [1] 5,109 5,188
Cash and securities segregated, at fair value 1,747 1,504
Broker-dealer related receivables 2,666 2,599
Deferred policy acquisition costs 7,541 5,491
Goodwill and other intangible assets, net 4,721 4,728
Amounts due from reinsurers (allowance for credit losses of $6 and $5) (includes amounts accounted for at fair value of $4,681 and $5,813) [2] 13,758 14,679
GMIB reinsurance contract asset, at fair value 1,498 1,848
Current and deferred income taxes 1,674 195
Other assets [1] 4,787 3,613
Separate Accounts assets 116,765 147,306
Total Assets 253,482 292,262
LIABILITIES    
Policyholders’ account balances 78,766 79,357
Future policy benefits and other policyholders' liabilities 34,717 36,717
Broker-dealer related payables 612 1,283
Customer related payables 3,821 3,600
Amounts due to reinsurers 1,353 1,381
Short-term and long-term debt 4,085 3,931
Notes issued by consolidated variable interest entities, at fair value using the fair value option [1] 1,150 1,191
Other liabilities [1] 4,866 3,933
Separate Accounts liabilities 116,765 147,306
Total Liabilities 246,135 278,699
Redeemable noncontrolling interest [1],[3] 348 468
Commitments and contingent liabilities (Note 12)
Equity attributable to Holdings:    
Preferred stock and additional paid-in capital, $1 par value and $25,000 liquidation preference 1,562 1,562
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 512,621,318 and 520,918,331 shares issued, respectively; 376,922,387 and 391,290,224 shares outstanding, respectively 4 4
Additional paid-in capital 1,918 1,919
Treasury stock, at cost, 135,698,931 and 129,628,107 shares, respectively (3,065) (2,850)
Retained earnings 10,718 8,880
Accumulated other comprehensive income (loss) (5,548) 2,004
Total equity attributable to Holdings 5,589 11,519
Noncontrolling interest 1,410 1,576
Total Equity 6,999 13,095
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 253,482 $ 292,262
[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.
[2] Represents the fair value of the ceded reserves to Venerable. See Note 1 of the Notes to these Consolidated Financial Statements for details of the Venerable Transaction and Note 8 of the Notes to these Consolidated Financial Statements .
[3] See Note 11 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.