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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost $48,661 and $46,753; allowance for credit losses of $19 at September 30, 2020) $ 54,652 $ 51,121
Equity Securities, FV-NI 135 320
Mortgage loans on real estate (net of allowances for credit losses of $64 and $12) 5,907 5,706
Policy loans 1,259 1,319
Funds withheld at interest 5,403 5,662
Short-term investments 154 64
Other invested assets 2,645 2,363
Total investments 70,155 66,555
Cash and cash equivalents 3,256 1,449
Accrued investment income 547 493
Premiums receivable and other reinsurance balances 2,792 2,940
Reinsurance ceded receivables 950 904
Deferred policy acquisition costs 3,534 3,512
Other assets 893 878
Total assets 82,127 76,731
Liabilities and Stockholders’ Equity    
Future policy benefits 30,331 28,672
Interest-sensitive contract liabilities 23,208 22,711
Other policy claims and benefits 6,242 5,711
Other reinsurance balances 524 557
Deferred income taxes 3,016 2,712
Other liabilities 1,611 1,188
Long-term debt 3,573 2,981
Collateral finance and securitization notes 408 598
Total liabilities 68,913 65,130
Commitments and contingent liabilities (See Note 8)
Stockholders’ Equity:    
Preferred stock – par value $.01 per share, 10,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock – par value $.01 per share, 140,000,000 shares authorized, 85,310,598 shares issued at September 30, 2020 and 79,137,758 shares issued at December 31, 2019 1 1
Additional paid-in capital 2,421 1,937
Retained earnings 8,066 7,952
Treasury stock, at cost – 17,373,572 and 16,481,656 shares (1,563) (1,426)
Accumulated other comprehensive income 4,289 3,137
Total stockholders’ equity 13,214 11,601
Total liabilities and stockholders’ equity $ 82,127 $ 76,731