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BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturities available for sale, at fair value (amortized cost $1,425 and $1,099) $ 1,451 $ 1,109
Mortgage loans on real estate 17 17
Policy loans 185 176
Other invested assets 63 68
Total investments 1,716 1,370
Cash and cash equivalents 44 138
Amounts due from reinsurers 1,325 1,390
Deferred policy acquisition costs 383 353
Deferred cost of reinsurance 50 57
Current and deferred income tax receivables 22 24
Other assets 29 29
Separate Accounts assets 2,015 1,747
Total Assets 5,584 5,108
LIABILITIES    
Policyholders’ account balances 2,631 2,377
Future policy benefits and other policyholders’ liabilities 358 347
Amounts due to reinsurers 132 131
Other liabilities 72 77
Separate Accounts liabilities 2,015 1,747
Total liabilities 5,208 4,679
Commitments and contingent liabilities (Note 2, 5, 8, 9 and 12)
SHAREHOLDER’S EQUITY    
Common stock, $1.00 par value, 5.0 million shares authorized, 2.5 million issued and outstanding 2 2
Capital in excess of par value 326 323
Retained earnings 36 97
Accumulated other comprehensive income (loss) 12 7
Total shareholder's equity 376 429
Total Liabilities and Shareholder’s Equity $ 5,584 $ 5,108