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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $80,690 and $78,978) (includes variable interest entity assets, at fair value, of $265 and $153) $ 60,693 $ 59,196
Fixed Maturities at Fair Value Using Fair Value Option Variable Interest Entity Assets 486 503
Equity securities, trading, at fair value (cost of $30,454 and $32,928) 11 11 [1]
Available-for-sale Securities, Equity Securities 798 1,121
Mortgage loans (net of allowances for loan losses of $83 and $102) 5,637 5,624
Policy loans, at outstanding balance 1,444 1,447
Alternative Investments, Fair Value Disclosure 2,654 2,874
Other investments 280 120
Short-term investments (includes variable interest entity assets, at fair value, of $1 as of September 30, 2012) 1,918 1,843
Cash 479 448
Total investments 73,910 72,728
Premiums receivable and agents' balances, net 3,605 3,537
Reinsurance recoverables, net 23,125 23,189
Deferred policy acquisition costs and present value of future profits 1,694 1,816
Deferred Tax Assets, Net 2,868 3,206
Goodwill 498 498
Property and equipment, net 995 974
Other assets 1,958 1,829
Separate account assets 118,361 120,123
Total assets 227,493 228,348
Liabilities    
Reserve for future policy benefits and unpaid losses and loss adjustment expenses 41,842 41,572
Other Policyholder Funds 31,525 31,670
Unearned premiums 5,497 5,385
Short-term Debt 690 275
Long-term Debt, Excluding Current Maturities 4,633 5,084
Other liabilities (includes variable interest entity liabilities) 6,833 6,597
Separate Accounts, Liability 118,361 [2] 120,123
Total liabilities 209,381 210,706
Stockholders' Equity    
Common stock, $0.01 par value - 1,500,000,000 shares authorized 5 5
Additional paid-in capital 8,885 8,973
Retained earnings 12,789 12,550
Treasury stock, at cost (3,821) (3,557)
Accumulated other comprehensive income, net of tax 254 (329)
Total stockholders' equity 18,112 17,642
Total liabilities and stockholders' equity 227,493 228,348
Accumulated Other Comprehensive Income (Loss) [Member]    
Stockholders' Equity    
Accumulated other comprehensive income, net of tax $ 254 $ (329)
[1] [1]Included in other investments on the Condensed Consolidated Balance Sheets.
[2] AV includes the contract holder’s investment in the separate account and the general account.