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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Fixed Maturity Securities [Abstract]    
Available-for-sale at fair value (amortized cost of $55,873 and $49,548; allowance for credit losses of $31 and $20) $ 60,749 $ 56,735
Equity Securities, FV-NI 151 132
Mortgage loans on real estate (net of allowance for credit losses of $35 and $64) 6,283 5,787
Policy loans 1,234 1,258
Funds withheld at interest 6,954 5,432
Short-term investments 87 227
Other invested assets 3,070 2,829
Total investments 78,528 72,400
Cash and cash equivalents 2,948 3,408
Accrued investment income 533 511
Premiums receivable and other reinsurance balances 2,888 2,842
Reinsurance ceded receivables and other 2,580 983
Deferred policy acquisition costs 3,690 3,616
Other assets 1,008 896
Total assets 92,175 84,656
Liabilities and Stockholders’ Equity    
Future policy benefits 35,782 31,453
Interest-sensitive contract liabilities 26,377 23,276
Other policy claims and benefits 6,993 6,413
Other reinsurance balances 613 598
Deferred income taxes 2,886 3,263
Other liabilities 2,663 1,340
Long-term debt 3,667 3,573
Collateral finance and securitization notes 180 388
Total liabilities 79,161 70,304
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 both December 31, 2021 and December 31, 2020) 1 1
Additional paid-in-capital 2,461 2,406
Retained earnings 8,563 8,148
Treasury stock, at cost – 18,139,868 and 17,353,697 shares (1,653) (1,562)
Accumulated other comprehensive income 3,642 5,359
Total stockholders’ equity 13,014 14,352
Total liabilities and stockholders’ equity $ 92,175 $ 84,656