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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,058; 2021 - $105,177; allowance for credit losses: 2022 - $18; 2021 - $19) $ 97,572 $ 118,746
Trading securities 3,580 4,482
Equity securities 427 318
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $495; 2021 - $739) 18,066 17,991
Policy loans 2,347 2,364
Derivative investments 3,681 5,437
Other investments 3,820 4,292
Total investments 129,493 153,630
Cash and invested cash 1,472 2,612
Deferred acquisition costs and value of business acquired 13,676 6,081
Premiums and fees receivable 583 580
Accrued investment income 1,283 1,189
Reinsurance recoverables, net of allowance for credit losses 20,045 20,295
Funds withheld reinsurance assets 501 517
Goodwill 1,144 1,778
Other assets 19,191 18,036
Separate account assets 137,295 182,583
Total assets 324,683 387,301
Liabilities    
Future contract benefits 41,716 41,030
Other contract holder funds 118,174 111,702
Short-term debt 500 300
Long-term debt 5,959 6,325
Reinsurance-related embedded derivatives   206
Funds withheld reinsurance liabilities 2,190 2,118
Payables for collateral on investments 6,865 8,946
Other liabilities 9,767 13,819
Separate account liabilities 137,295 182,583
Total liabilities 322,466 367,029
Contingencies and Commitments (See Note 10)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 169,214,493 and 177,193,515 shares issued and outstanding as of September 30, 2022, and December 31, 2021, respectively 4,534 4,735
Retained earnings 6,311 9,096
Accumulated other comprehensive income (loss) (8,628) 6,441
Total stockholders' equity 2,217 20,272
Total liabilities and stockholders' equity $ 324,683 $ 387,301