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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $105,177; 2020 - $104,174; allowance for credit losses: 2021 - $19; 2020 - $13) $ 118,746 $ 123,044
Trading securities 4,482 4,501
Equity securities 318 129
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $739; 2020 - $832) 17,991 16,763
Policy loans 2,364 2,426
Derivative investments 5,437 3,109
Other investments 4,292 3,984
Total investments 153,630 153,956
Cash and invested cash 2,612 1,708
Deferred acquisition costs and value of business acquired 6,081 5,812
Premiums and fees receivable 580 486
Accrued investment income 1,189 1,257
Reinsurance recoverables, net of allowance for credit losses 20,295 16,496
Funds withheld reinsurance assets 517 530
Goodwill 1,778 1,778
Other assets 18,036 15,960
Separate account assets 182,583 167,965
Total assets 387,301 365,948
Liabilities    
Future contract benefits 41,030 40,814
Other contract holder funds 111,702 105,405
Short-term debt 300  
Long-term debt 6,325 6,682
Reinsurance related embedded derivatives 206 392
Funds withheld reinsurance liabilities 2,118 1,946
Payables for collateral on investments 8,946 6,222
Other liabilities 13,819 13,823
Separate account liabilities 182,583 167,965
Total liabilities 367,029 343,249
Contingencies and Commitments (See Note 13)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 177,193,515 and 192,329,691 shares issued and outstanding as of December 31, 2021, and December 31, 2020, respectively 4,735 5,082
Retained earnings 9,096 8,686
Accumulated other comprehensive income (loss) 6,441 8,931
Total stockholders' equity 20,272 22,699
Total liabilities and stockholders' equity $ 387,301 $ 365,948