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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $79,747 and $78,978) (includes variable interest entity assets, at fair value, of $89 and $153) $ 59,196 $ 59,384
Marketable Securities, Fixed Maturities, Current 503 488
Equity securities, trading, at fair value (cost of $26,820 and $32,928) [1] 11 11
Equity securities, available-for-sale, at fair value (cost of $866 and $1,056 ) 1,121 1,047
Mortgage loans (net of allowances for loan losses of $68 and $102) 5,624 5,556
Policy loans, at outstanding balance 1,447 1,431
Alternative Investments, Fair Value Disclosure 2,874 2,942
Other Investments 120 547
Short-term Investments 1,843 4,883
Total investments 72,728 76,278
Cash 448 399
Premiums receivable and agents’ balances, net 3,537 3,429
Reinsurance recoverables, net 23,189 22,920
Deferred policy acquisition costs and present value of future profits 1,816 1,823
Deferred Tax Assets, Net 3,206 2,897
Goodwill 498 498
Property and equipment, net 974 831
Other assets 1,829 1,236
Separate account assets 120,123 134,702
Total assets 228,348 245,013
Liabilities    
Reserve for future policy benefits and unpaid losses and loss adjustment expenses 41,572 41,444
Other Policyholder Funds 31,670 32,532
Unearned premiums 5,385 5,255
Short-term Debt 275 456
Long-term Debt, Excluding Current Maturities (5,084) (5,653)
Other liabilities (includes variable interest entity liabilities of $89 and $471) 6,597 6,251
Separate account liabilities 120,123 [2] 134,702
Liabilities 210,706 226,293
Stockholders’ Equity    
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 469,744,822 and 469,750,171 shares issued 5 5
Additional paid-in capital 8,973 9,123
Retained earnings 12,550 11,191
Treasury Stock, Value 3,557 2,527
Accumulated other comprehensive income, net of tax (329) 928
Total stockholders’ equity 17,642 18,720
Liabilities and Equity $ 228,348 $ 245,013
[1] [1]Included in other investments on the Consolidated Balance Sheets.
[2] AV includes the contract holder’s investment in the separate account and the general account.