SCHEDULE I - SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

12 Months Ended

Dec. 31, 2017

SCHEDULE I

SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN RELATED PARTIES

DECEMBER 31, 2017



Type of Investment	Cost⁽¹⁾		Fair Value		Carrying Value
	(in millions)
Fixed Maturities:
U.S. government, agencies and authorities	$	12,644	$	13,135	$	13,135
State, municipalities and political subdivisions	414		481		481
Foreign governments	376		396		396
Public utilities	3,540		3,728		3,728
All other corporate bonds	17,083		17,784		17,784
Residential mortgage-backed	236		251		251
Asset-backed	89		92		92
Redeemable preferred stocks	449		491		491
Total fixed maturities	$	34,831	$	36,358	$	36,358
Equity securities:
Mortgage loans on real estate	10,943		10,895		10,935
Real estate held for the production of income	390		390		390
Policy loans	3,315		4,210		3,315
Other equity investments	1,351		1,351		1,351
Trading securities	12,661		12,628		12,628
Other invested assets	3,121		3,121		3,121
Total Investments	$	66,612	$	68,953	$	68,098


(1)	Cost for fixed maturities represents original cost, reduced by repayments and writedowns and adjusted for amortization of premiums or accretion of discount; cost for equity securities represents original cost reduced by writedowns; cost for other limited partnership interests represents original cost adjusted for equity in income and reduced by distributions.