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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Investments and Cash:    
Available for sale, fixed maturity securities $ 100,722 $ 105,882
Held to maturity, fixed maturity securities 22,613 [1] 24,464
Equity securities 1,461 1,283
Commercial mortgage and other loans 11,388 10,554
Other investments 3,612 2,429
Cash and cash equivalents 6,208 5,141
Total investments and cash 146,004 149,753
Receivables 787 796
Accrued investment income 701 780
Deferred policy acquisition costs 9,714 10,441
Property and equipment, at cost less accumulated depreciation 542 601
Other 2,849 2,715
Total assets 160,597 165,086
Policy Liabilities:    
Future policy benefits 92,434 97,783
Unpaid policy claims 4,909 5,187
Unearned premiums 2,814 3,597
Other policyholders’ funds 7,286 7,824
Total policy liabilities 107,443 114,391
Income taxes 4,577 4,661
Payables for return of cash collateral on loaned securities 2,849 964
Notes payable and lease obligations 8,066 7,899
Other 4,110 3,612
Total liabilities 127,045 131,527
Commitments and contingent liabilities (Note 12)
Shareholders’ equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2021 and 2020; issued 1,352,562 shares in 2021 and 1,351,018 shares in 2020 135 135
Additional paid-in capital 2,491 2,410
Retained earnings 40,830 37,984
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (1,760) (1,109)
Unrealized gains (losses) on fixed maturity securities 9,731 10,361
Unrealized gains (losses) on derivatives (31) (34)
Pension liability adjustment (278) (284)
Treasury stock, at average cost (17,566) (15,904)
Total shareholders’ equity 33,552 33,559
Total liabilities and shareholders’ equity 160,597 165,086
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Investments and Cash:    
Available for sale, fixed maturity securities 96,285 101,286
Variable Interest Entity, Consolidated    
Investments and Cash:    
Available for sale, fixed maturity securities 4,437 4,596
Commercial mortgage and other loans [2] 9,543 8,964
Other investments [2],[3] 1,272 826
Policy Liabilities:    
Total liabilities [2] $ 356 $ 231
[1] Net of allowance for credit losses
[2] Net of allowance for credit losses
[3] Consists entirely of alternative investments in limited partnerships