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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $111,707; 2021 - $105,177; allowance for credit losses: 2022 - $22; 2021 - $19) $ 99,736 $ 118,746
Trading securities 3,498 4,482
Equity securities 427 318
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $487; 2021 - $739) 18,301 17,991
Policy loans 2,359 2,364
Derivative investments 3,736 5,437
Other investments 3,739 4,292
Total investments 131,796 153,630
Cash and invested cash 3,343 2,612
Deferred acquisition costs and value of business acquired 13,588 6,081
Accrued investment income 1,253 1,189
Reinsurance recoverables, net of allowance for credit losses 19,882 20,295
Goodwill 1,144 1,778
Other assets 20,895 19,133
Separate account assets 143,536 182,583
Total assets 335,437 387,301
Liabilities    
Future contract benefits 42,151 41,030
Other contract holder funds 120,800 111,702
Short-term debt 500 300
Long-term debt 5,955 6,325
Payables for collateral on investments 6,712 8,946
Other liabilities 11,682 16,143
Separate account liabilities 143,536 182,583
Total liabilities 331,336 367,029
Contingencies and Commitments (See Note 13)
Stockholders' Equity    
Common stock – 800,000,000 shares authorized; 169,220,511 and 177,193,515 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively 4,544 4,735
Retained earnings 6,239 9,096
Accumulated other comprehensive income (loss) (7,668) 6,441
Total stockholders' equity 4,101 20,272
Total liabilities and stockholders' equity 335,437 $ 387,301
Series C Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized 493  
Series D Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized $ 493