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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Available-for-sale securities, at fair value:    
Fixed maturity securities (amortized cost: 2018 – $90,083; 2017 – $86,993) $ 93,060 $ 94,840
Equity securities (cost: 2017 – $247)   246
Trading securities 1,450 1,620
Equity securities 112  
Mortgage loans on real estate 12,217 10,762
Real estate 11 11
Policy loans 2,508 2,399
Derivative investments 584 915
Other investments 2,065 2,296
Total investments 112,007 113,089
Cash and invested cash 1,775 1,628
Deferred acquisition costs and value of business acquired 9,904 8,403
Premiums and fees receivable 574 396
Accrued investment income 1,119 1,078
Reinsurance recoverables 17,979 4,907
Funds withheld reinsurance assets 572 593
Goodwill 1,750 1,368
Other assets 8,921 6,082
Separate account assets 144,231 144,219
Total assets 298,832 281,763
Liabilities    
Future contract benefits 33,718 22,887
Other contract holder funds 88,698 80,209
Short-term debt   450
Long-term debt 5,826 4,894
Reinsurance related embedded derivatives 25 57
Funds withheld reinsurance liabilities 1,711 1,761
Deferred gain on business sold through reinsurance 1 1
Payables for collateral on investments 4,699 4,417
Other liabilities 4,746 5,546
Separate account liabilities 144,231 144,219
Total liabilities 283,655 264,441
Contingencies and Commitments (See Note 10)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 217,294,051 and 218,090,114 shares issued and outstanding as of June 30, 2018, and December 31, 2017, respectively 5,674 5,693
Retained earnings 8,302 8,399
Accumulated other comprehensive income (loss) 1,201 3,230
Total stockholders' equity 15,177 17,322
Total liabilities and stockholders' equity $ 298,832 $ 281,763