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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Fixed Maturity Securities [Abstract]    
Available-for-sale at fair value (amortized cost of $49,548 and $46,753; allowance for credit losses of $20 at December 31, 2020) $ 56,735 $ 51,121
Equity Securities, FV-NI 132 320
Mortgage loans on real estate (net of allowances of $64 and $12) 5,787 5,706
Policy loans 1,258 1,319
Funds withheld at interest 5,432 5,662
Short-term investments 227 64
Other invested assets 2,829 2,363
Total investments 72,400 66,555
Cash and cash equivalents 3,408 1,449
Accrued investment income 511 493
Premiums receivable and other reinsurance balances 2,842 2,940
Reinsurance ceded receivables 983 904
Deferred policy acquisition costs 3,616 3,512
Other assets 896 878
Total assets 84,656 76,731
Liabilities and Stockholders’ Equity    
Future policy benefits 31,453 28,672
Interest-sensitive contract liabilities 23,276 22,711
Other policy claims and benefits 6,413 5,711
Other reinsurance balances 598 557
Deferred income taxes 3,263 2,712
Other liabilities 1,340 1,188
Long-term debt 3,573 2,981
Collateral finance and securitization notes 388 598
Total liabilities 70,304 65,130
Commitments and contingent liabilities (See Note 12)
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 $0.01 per share; 140,000,000 shares authorized; shares issued: 85,310,598 at December 31, 2020 and 79,137,758 at December 31, 2019) 1 1
Additional paid-in-capital 2,406 1,937
Retained earnings 8,148 7,952
Treasury stock, at cost – 17,353,697 and 16,481,656 shares (1,562) (1,426)
Accumulated other comprehensive income 5,359 3,137
Total stockholders’ equity 14,352 11,601
Total liabilities and stockholders’ equity $ 84,656 $ 76,731