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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturity available-for-sale securities, at fair value $ 88,738 $ 99,736
Trading securities 2,359 3,498
Equity securities 306 427
Mortgage loans on real estate, net of allowance for credit losses 18,963 18,301
Policy loans 2,476 2,359
Derivative investments 6,474 3,594
Other investments 5,015 3,739
Total investments 124,331 131,654
Cash and invested cash 3,365 3,343
Deferred acquisition costs, value of business acquired and deferred sales inducements 12,397 12,235
Reinsurance recoverables, net of allowance for credit losses 29,843 19,953
Deposit assets, net of allowance for credit losses 28,789 11,628
Market risk benefit assets 3,894 2,807
Accrued investment income 1,082 1,253
Goodwill 1,144 1,144
Other assets 9,311 6,778
Separate account assets 158,257 143,536
Total assets 372,413 334,331
Liabilities    
Policyholder account balances 120,737 114,435
Future contract benefits 39,864 38,826
Funds withheld reinsurance liabilities 17,641 5,740
Market risk benefit liabilities 1,716 2,078
Deferred front-end loads 5,901 5,091
Payables for collateral on investments 8,105 6,712
Short-term debt 250 500
Long-term debt 5,699 5,955
Other liabilities 7,350 6,356
Separate account liabilities 158,257 143,536
Total liabilities 365,520 329,229
Contingencies and Commitments (See Note 18)
Stockholders’ Equity    
Common stock 4,605 4,544
Retained earnings 4,778 5,924
Accumulated other comprehensive income (loss) (3,476) (6,352)
Total stockholders’ equity 6,893 5,102
Total liabilities and stockholders’ equity 372,413 334,331
Series C Preferred Stock    
Stockholders’ Equity    
Preferred stock 493 493
Series D Preferred Stock    
Stockholders’ Equity    
Preferred stock $ 493 $ 493