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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments and cash:    
Available for sale, fixed maturity securities $ 98,696 $ 105,882
Held to maturity fixed maturity securities, net carrying amount 22,000 [1] 24,464
Equity securities 1,603 1,283
Commercial mortgage and other loans 11,786 10,554
Other investments 3,842 2,429
Cash and cash equivalents 5,051 5,141
Total investments and cash 142,978 149,753
Receivables 693 796
Accrued investment income 737 780
Deferred policy acquisition costs 9,525 10,441
Property and equipment, at cost less accumulated depreciation 538 601
Other 3,071 2,715
Assets 157,542 165,086
Policy liabilities:    
Future policy benefits 90,588 97,783
Unpaid policy claims 4,836 5,187
Unearned premiums 2,576 3,597
Other policyholders' funds 7,072 7,824
Total policy liabilities 105,072 114,391
Income taxes 4,339 4,661
Payables for return of cash collateral on loaned securities 2,162 964
Notes payable and lease obligations 7,956 7,899
Other 4,760 3,612
Total liabilities 124,289 131,527
Commitments and contingent liabilities (Note 15)
Shareholders' equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2021 and 2020; issued 1,352,739 shares in 2021 and 1,351,018 shares in 2020 135 135
Additional paid-in capital 2,529 2,410
Retained earnings 41,381 37,984
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (2,013) (1,109)
Unrealized gains (losses) on fixed maturity securities 9,602 10,361
Unrealized gains (losses) on derivatives (30) (34)
Pension liability adjustment (166) (284)
Treasury stock, at average cost (18,185) (15,904)
Total shareholders' equity 33,253 33,559
Total liabilities and shareholders' equity 157,542 165,086
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Investments and cash:    
Available for sale, fixed maturity securities 94,206 101,286
Variable Interest Entity, Consolidated    
Investments and cash:    
Available for sale, fixed maturity securities 4,490 4,596
Commercial mortgage and other loans [2] 9,740 8,964
Other investments [2],[3] 1,535 826
Policy liabilities:    
Total liabilities [2] $ 414 $ 231
[1] Net of allowance for credit losses
[2] Net of allowance for credit losses
[3] Consists entirely of alternative investments in limited partnerships