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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets    
Fixed maturities, at fair value (amortized cost: 2021 - $68,055; 2020 - $65,696; allowance for credit losses: 2021 - $1; 2020 - $23) $ 73,048 $ 72,595
Equity securities, at fair value (cost: 2021 - $804; 2020 - $635) 828 667
Commercial mortgage loans, net of allowance for credit losses (2021 - $103; 2020 - $222) 10,863 10,006
Policy loans 1,527 1,593
Other Long-term Investments 3,646 3,251
Short-term investments 862 462
Total investments 90,774 88,574
Cash 390 656
Accrued investment income 704 707
Accounts and premiums receivable 121 127
Reinsurance receivables, net of allowance for credit losses (2021 - $92; 2020 - $94) 4,543 4,596
Deferred policy acquisition costs and value of business acquired 3,869 3,420
Goodwill 697 826
Other intangibles, net of accumulated amortization (2021 - $368; 2020 - $312) 491 540
Property and equipment, net of accumulated depreciation (2021 - $79; 2020 - $61) 203 204
Other assets 267 271
Assets related to separate accounts    
Variable annuity 13,648 12,378
Variable universal life 1,982 1,286
Reinsurance assumed 13,883 13,325
Total assets 131,572 126,910
Liabilities    
Future policy benefits and claims 54,064 54,107
Unearned premiums 845 782
Total policy liabilities and accruals 54,909 54,889
Stable value product account balances 8,526 6,056
Annuity account balances 15,846 15,478
Other policyholders' funds 1,820 1,865
Other liabilities 5,084 5,623
Deferred income taxes 1,428 1,779
Subordinated debt 110 110
Secured financing liabilities 1,572 496
Liabilities related to separate accounts    
Variable annuity 13,648 12,378
Variable universal life 1,982 1,286
Reinsurance assumed 13,883 13,325
Total liabilities 118,808 113,285
Shareowner's equity    
Preferred Stock; $1 par value, shares authorized: 2; Liquidation preference: $2 0 0
Common Stock, $1 par value, shares authorized and issued: 2021 and 2020 - 5,000 5 5
Additional paid-in-capital 8,525 8,525
Retained earnings 1,832 1,547
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2021 - $641; 2020 - $946) 2,412 3,558
Net unrealized losses on investments for which a credit loss has been recognized in earnings, net of income tax: (2021 - $(1); 2020 - $(1)) (3) (2)
Accumulated loss - derivatives, net of income tax: (2021 - $(2); 2020 - $(2)) (7) (8)
Total shareowner's equity 12,764 13,625
Total liabilities and shareowner's equity $ 131,572 $ 126,910