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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $54,478 and $53,805) $ 57,669 $ 56,003
Fixed maturities, at fair value using the fair value option 82 293
Equity securities, available-for-sale, at fair value (cost of $1,010 and $1,020) 1,112 1,097
Mortgage loans (net of allowances for loan losses of $1 and $19) 6,058 5,697
Policy loans, at outstanding balance 1,418 1,444
Limited partnerships and other alternative investments 2,533 2,456
Other investments 365 403
Short-term investments 3,756 3,244
Total investments 72,993 70,637
Cash (includes variable interest entity assets, at fair value, of $0 and $5) 333 882
Premiums receivable and agents’ balances, net 3,804 3,731
Reinsurance recoverables, net 23,323 23,311
Deferred policy acquisition costs 1,635 1,711
Deferred income taxes, net 2,766 3,281
Goodwill 567 567
Property and equipment, net 962 991
Other assets 2,202 1,786
Assets held for sale 0 870
Separate account assets 115,626 115,665
Total assets 224,211 223,432
Liabilities    
Unpaid losses and loss adjustment expenses 28,232 27,605
Reserve for future policy benefits 14,247 13,929
Other policyholder funds and benefits payable 30,151 31,176
Unearned premiums 5,528 5,499
Short-term debt 320 416
Long-term debt 4,818 4,636
Other liabilities (includes variable interest entity liabilities of $0 and $5) 8,056 6,992
Liabilities held for sale 0 611
Separate account liabilities 115,626 115,665
Total liabilities 206,978 206,529
Stockholders' Equity    
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 402,923,222 and 402,923,222 shares issued 4 4
Additional paid-in capital 5,191 5,247
Retained earnings 13,434 13,114
Treasury stock, at cost — 45,382,811 and 28,974,069 shares (1,981) (1,125)
Accumulated other comprehensive income (AOCI), net of tax 585 (337)
Total stockholders’ equity 17,233 16,903
Total liabilities and stockholders’ equity $ 224,211 $ 223,432