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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Securities held to maturity, at amortized cost:    
Fixed maturities $ 32,613 $ 33,350
Other Investments [1] 2,016 1,450
Cash and cash equivalents 4,264 4,859
Total investments and cash 121,896 116,361
Receivables 871 669
Accrued investment income 760 754
Deferred policy acquisition costs 9,340 8,993
Property and equipment, at cost less accumulated depreciation 442 433
Other [2] 2,085 2,609
Total assets 135,394 129,819
Policy Liabilities:    
Future policy benefits 80,652 76,106
Unpaid policy claims 4,281 4,045
Unearned premiums 6,547 6,916
Other policyholders’ funds 6,978 6,659
Total policy liabilities 98,458 93,726
Income Taxes 6,057 5,387
Payables for return of cash collateral on loaned securities 663 526
Notes payable 5,252 5,360
Other [3] 3,461 4,338
Total liabilities 113,891 109,337
Shareholders’ equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2017 and 2016; issued 672,037 shares in 2017 and 671,249 shares in 2016 67 67
Additional paid-in capital 2,048 1,976
Retained earnings 26,942 25,981
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (1,580) (1,983)
Unrealized gain (losses) on investment securities 5,173 4,805
Unrealized gains (losses) on derivatives (23) (24)
Pension liability adjustment (169) (168)
Treasury stock, at average cost (10,955) (10,172)
Total shareholders’ equity 21,503 20,482
Total liabilities and shareholders’ equity 135,394 129,819
Variable Interest Entity, Consolidated    
Securities available for sale, at fair value:    
Fixed maturities 5,059 4,982
Perpetual securities 216 208
Equity securities 1,123 1,044
Securities held to maturity, at amortized cost:    
Other Investments [4] 1,200 819
Policy Liabilities:    
Total liabilities 133 146
Investments Other Than Consolidated Variable Interest Entities    
Securities available for sale, at fair value:    
Fixed maturities 74,698 68,778
Perpetual securities 1,627 1,425
Equity securities 280 265
Securities held to maturity, at amortized cost:    
Fixed maturities $ 32,613 $ 33,350
[1] Includes $1,200 in 2017 and $819 in 2016 of loan receivables from consolidated variable interest entities
[2] Includes $142 in 2017 and $127 in 2016 of derivatives from consolidated variable interest entities
[3] Includes $133 in 2017 and $146 in 2016 of derivatives from consolidated variable interest entities
[4] Consists of CMLs and MMLs