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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $73,994 and $72,991) (allowance for credit losses of $2 and $24) $ 65,351 $ 63,361
Fixed maturities, at fair value using the fair value option [1] 1,574 1,508
Mortgage loans on real estate (net of allowance for credit losses of $139 and $129) [1] 17,364 16,481
Policy loans 4,061 4,033
Other equity investments [1] 3,264 3,152
Trading securities, at fair value 873 677
Other invested assets [1] 5,235 3,885
Total investments 97,722 93,097
Cash and cash equivalents [1] 7,693 4,281
Cash and securities segregated, at fair value 879 1,522
Broker-dealer related receivables 2,053 2,338
Deferred policy acquisition costs 6,512 6,369
Goodwill and other intangible assets, net 5,463 5,482
Amounts due from reinsurers (allowance for credit losses of $0 and $10) 8,395 8,471
Current and deferred income taxes 1,726 781
Purchased market risk benefits 9,931 10,423
Other assets [1] 3,391 4,033
Assets held-for-sale 566 562
Assets for market risk benefits 777 490
Separate Accounts assets 123,898 114,853
Total Assets 269,006 252,702
LIABILITIES    
Policyholders’ account balances 91,595 83,866
Liability for market risk benefits 13,642 15,766
Future policy benefits and other policyholders' liabilities 16,786 16,603
Broker-dealer related payables 1,522 715
Customer related payables 2,526 3,323
Amounts due to reinsurers 1,404 1,533
Short-term debt 0 759
Long-term debt 3,819 3,322
Notes issued by consolidated variable interest entities, at fair value using the fair value option [1] 1,484 1,150
Other liabilities [1] 6,410 7,108
Liabilities held-for-sale 129 108
Separate Accounts liabilities 123,898 114,853
Total Liabilities 263,215 249,106
Redeemable noncontrolling interest [1],[2] 531 455
Commitments and contingent liabilities [3]
Equity attributable to Holdings:    
Preferred stock and additional paid-in capital, $1 par value and $25,000 liquidation preference 1,562 1,562
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 500,292,963 and 508,418,442 shares issued, respectively; 350,240,160 and 365,081,940 shares outstanding, respectively 4 4
Additional paid-in capital 2,297 2,299
Treasury stock, at cost, 150,083,983 and 143,336,502 shares, respectively (3,493) (3,297)
Retained earnings 10,325 9,825
Accumulated other comprehensive income (loss) (7,142) (8,992)
Total equity attributable to Holdings 3,553 1,401
Noncontrolling interest 1,707 1,740
Total Equity 5,260 3,141
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 269,006 $ 252,702
[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.
[2] See Note 15 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.
[3] See Note 16 of the Notes to these Consolidated Financial Statements for details of commitments and contingent liabilities.