XML 21 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Securities held to maturity, at amortized cost:    
Fixed maturities $ 31,430 $ 33,350
Other investments [1] 3,402 1,450
Cash and cash equivalents 3,491 4,859
Total investments and cash 123,659 116,361
Receivables 827 669
Accrued investment income 769 754
Deferred policy acquisition costs 9,505 8,993
Property and equipment, at cost less accumulated depreciation 434 433
Other [2] 2,023 2,609
Total assets 137,217 129,819
Policy liabilities:    
Future policy benefits 81,857 76,106
Unpaid policy claims 4,392 4,045
Unearned premiums 5,959 6,916
Other policyholders' funds 6,939 6,659
Total policy liabilities 99,147 93,726
Income taxes 4,745 5,387
Payables for return of cash collateral on loaned securities 606 526
Notes payable 5,289 5,360
Other [3] 2,832 4,338
Commitments and contingent liabilities (Note 15)
Total liabilities 112,619 109,337
Shareholders' equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2017 and 2016; issued 672,881 shares in 2017 and 671,249 shares in 2016 67 67
Additional paid-in capital 2,120 1,976
Retained earnings 29,895 25,981
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (1,750) (1,983)
Unrealized gains (losses) on investment securities 5,964 4,805
Unrealized gains (losses) on derivatives (23) (24)
Pension liability adjustment (163) (168)
Treasury stock, at average cost (11,512) (10,172)
Total shareholders' equity 24,598 20,482
Total liabilities and shareholders' equity 137,217 129,819
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Securities available for sale, at fair value:    
Fixed maturities 77,230 68,778
Perpetual securities 1,574 1,425
Equity securities 270 265
Securities held to maturity, at amortized cost:    
Fixed maturities 31,430 33,350
Variable Interest Entity, Consolidated    
Securities available for sale, at fair value:    
Fixed maturities 5,294 4,982
Perpetual securities 215 208
Equity securities 753 1,044
Securities held to maturity, at amortized cost:    
Other investments [4] 2,341 819
Policy liabilities:    
Total liabilities $ 128 $ 146
[1] Includes $2,341 in 2017 and $819 in 2016 of loan receivables and limited partnerships from consolidated variable interest entities
[2] Includes $151 in 2017 and $127 in 2016 of derivatives from consolidated variable interest entities
[3] Includes $128 in 2017 and $146 in 2016 of derivatives from consolidated variable interest entities
[4] Consists of TREs, CMLs, MMLs, and alternative investments in limited partnerships