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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments and cash:    
Available for sale, fixed maturity securities $ 75,741 $ 98,696
Held to maturity fixed maturity securities, net carrying amount 19,056 [1] 22,000
Equity securities 1,091 1,603
Commercial mortgage and other loans 13,496 11,786
Other investments 4,070 3,842
Cash and cash equivalents 3,943 5,051
Total investments and cash 117,397 142,978
Receivables 647 672
Accrued investment income 745 737
Deferred policy acquisition costs 8,593 9,525
Property and equipment, at cost less accumulated depreciation 530 538
Other 3,105 3,092
Assets 131,017 157,542
Policy liabilities:    
Future policy benefits 80,749 90,588
Unpaid policy claims 4,561 4,836
Unearned premiums 1,825 2,576
Other policyholders' funds 6,123 7,072
Total policy liabilities 93,258 105,072
Income taxes 1,296 4,339
Payables for return of cash collateral on loaned securities 1,809 2,162
Notes payable and lease obligations 7,442 7,956
Other 4,847 4,760
Total liabilities 108,652 124,289
Commitments and contingent liabilities (Note 15)
Shareholders' equity:    
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in 2022 and 2021; issued 1,354,079 shares in 2022 and 1,352,739 shares in 2021 135 135
Additional paid-in capital 2,641 2,529
Retained earnings 44,568 41,381
Accumulated other comprehensive income (loss):    
Unrealized foreign currency translation gains (losses) (3,640) (2,013)
Unrealized gains (losses) on fixed maturity securities (702) 9,602
Unrealized gains (losses) on derivatives (27) (30)
Pension liability adjustment (36) (166)
Treasury stock, at average cost (20,574) (18,185)
Total shareholders' equity 22,365 33,253
Total liabilities and shareholders' equity 131,017 157,542
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Investments and cash:    
Available for sale, fixed maturity securities 71,936 94,206
Variable Interest Entity, Consolidated    
Investments and cash:    
Available for sale, fixed maturity securities 3,805 4,490
Commercial mortgage and other loans [2] 10,832 9,740
Other investments [2],[3] 1,909 1,535
Policy liabilities:    
Total liabilities [2] $ 390 $ 414
[1] Net of allowance for credit losses
[2] Net of allowance for credit losses
[3] Consists entirely of alternative investments in limited partnerships