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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Securities available for sale, at fair value:    
Equity securities (cost $19 in 2015 and 2014) $ 29 $ 28
Securities held to maturity, at amortized cost:    
Fixed maturities 33,293 34,242
Other Investments 199 171
Cash and cash equivalents 3,103 4,658
Total investments and cash 103,280 107,341
Receivables 839 842
Accrued investment income 759 762
Deferred policy acquisition costs 8,278 8,273
Property and equipment, at cost less accumulated depreciation 422 429
Other [1] 2,003 2,120
Total assets 115,581 119,767
Policy liabilities:    
Future policy benefits 66,701 65,646
Unpaid policy claims 3,695 3,630
Unearned premiums 8,102 8,626
Other policyholders’ funds 6,083 6,031
Total policy liabilities 84,581 83,933
Income taxes 4,697 5,293
Payables for return of cash collateral on loaned securities 1,023 2,193
Notes payable 5,425 5,282
Other [2] 2,837 4,719
Total liabilities 98,563 101,420
Shareholders’ equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2015 and 2014; issued 669,066 shares in 2015 and 668,132 shares in 2014 67 67
Additional paid-in capital 1,772 1,711
Retained earnings 23,052 22,156
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (2,725) (2,541)
Unrealized gain (losses) on investment securities 3,384 4,672
Unrealized gains (losses) on derivatives (27) (26)
Pension liability adjustment (125) (126)
Treasury stock, at average cost (8,380) (7,566)
Total shareholders’ equity 17,018 18,347
Total liabilities and shareholders’ equity 115,581 119,767
Investments Other Than Consolidated Variable Interest Entities    
Securities available for sale, at fair value:    
Fixed maturities 60,002 61,407
Perpetual securities 1,942 2,240
Securities held to maturity, at amortized cost:    
Fixed maturities 33,211 34,159
Variable Interest Entity, Consolidated    
Securities available for sale, at fair value:    
Fixed maturities 4,440 4,166
Perpetual securities 272 429
Securities held to maturity, at amortized cost:    
Fixed maturities $ 82 $ 83
[1] Includes $100 in 2015 and $106 in 2014 of derivatives from consolidated variable interest entities
[2] Includes $322 in 2015 and $318 in 2014 of derivatives from consolidated variable interest entities