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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Available-for-sale securities, at fair value:    
Fixed maturity securities (amortized cost: 2017 – $86,194; 2016 – $84,287) $ 93,014 $ 89,013
Variable interest entities' fixed maturity securities (amortized cost: 2017 - $0; 2016 - $200)   200
Equity securities (cost: 2017 – $262; 2016 – $260) 275 275
Trading securities 1,678 1,712
Mortgage loans on real estate 10,023 9,889
Real estate 23 24
Policy loans 2,416 2,451
Derivative investments 1,054 927
Other investments 2,156 2,230
Total investments 110,639 106,721
Cash and invested cash 1,978 2,722
Deferred acquisition costs and value of business acquired 8,555 9,134
Premiums and fees receivable 365 430
Accrued investment income 1,082 1,062
Reinsurance recoverables 5,228 5,265
Funds withheld reinsurance assets 607 617
Goodwill 2,273 2,273
Other assets 5,099 5,006
Separate account assets 135,825 128,397
Total assets 271,651 261,627
Liabilities    
Future contract benefits 22,293 21,576
Other contract holder funds 79,216 78,903
Short-term debt 450  
Long-term debt 4,901 5,345
Reinsurance related embedded derivatives 53 53
Funds withheld reinsurance liabilities 1,862 1,976
Deferred gain on business sold through reinsurance 2 24
Payables for collateral on investments 4,952 4,995
Other liabilities 6,101 5,880
Separate account liabilities 135,825 128,397
Total liabilities 255,655 247,149
Contingencies and Commitments (See Note 8)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized 0 0
Common stock - 800,000,000 shares authorized; 222,237,262 and 226,335,105 shares issued and outstanding as of June 30, 2017, and December 31, 2016, respectively 5,774 5,869
Retained earnings 7,511 7,043
Accumulated other comprehensive income (loss) 2,711 1,566
Total stockholders' equity 15,996 14,478
Total liabilities and stockholders' equity $ 271,651 $ 261,627