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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2023 - $112,034; 2022 - $111,707; allowance for credit losses: 2023 - $21; 2022 - $22) $ 97,804 $ 99,736
Trading securities 2,788 3,498
Equity securities 383 427
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2023 - $315; 2022 - $487) 18,751 18,301
Policy loans 2,428 2,359
Derivative investments 5,790 3,594
Other investments 4,551 3,739
Total investments 132,495 131,654
Cash and invested cash 2,529 3,343
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,341 12,235
Reinsurance recoverables, net of allowance for credit losses 18,389 19,443
Market risk benefit assets 4,108 2,807
Accrued investment income 1,372 1,253
Goodwill 1,144 1,144
Other assets 20,223 18,802
Separate account assets 145,810 143,536
Total assets 338,411 334,217
Liabilities    
Policyholder account balances 117,210 114,435
Future contract benefits 39,362 38,826
Market risk benefit liabilities 1,385 2,078
Deferred front-end loads 5,653 5,052
Payables for collateral on investments 8,046 6,712
Short-term debt   500
Long-term debt 5,905 5,955
Other liabilities 11,841 12,021
Separate account liabilities 145,810 143,536
Total liabilities 335,212 329,115
Contingencies and Commitments (See Note 15)
Stockholders' Equity    
Common stock – 800,000,000 shares authorized; 169,658,271 and 169,220,511 shares issued and outstanding as of September 30, 2023, and December 31, 2022, respectively 4,591 4,544
Retained earnings 6,102 5,924
Accumulated other comprehensive income (loss) (8,480) (6,352)
Total stockholders' equity 3,199 5,102
Total liabilities and stockholders' equity 338,411 334,217
Series C Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized 493 493
Series D Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized $ 493 $ 493