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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $52,229 and $49,548; allowance for credit losses of $22 and $20) $ 56,426 $ 56,735
Available-for-sale Securities, Equity Securities 135 132
Mortgage loans on real estate (net of allowances of $47 and $64) 6,001 5,787
Policy loans 1,253 1,258
Funds withheld at interest 5,459 5,432
Short-term investments 157 227
Other invested assets 2,983 2,829
Total investments 72,414 72,400
Cash and cash equivalents 3,122 3,408
Accrued investment income 546 511
Premiums receivable and other reinsurance balances 2,907 2,842
Reinsurance ceded receivables 1,089 983
Deferred policy acquisition costs 3,617 3,616
Other assets 1,115 896
Total assets 84,810 84,656
Liabilities and Stockholders’ Equity    
Future policy benefits 33,675 31,453
Interest-sensitive contract liabilities 23,142 23,276
Other policy claims and benefits 7,077 6,413
Other reinsurance balances 560 598
Deferred income taxes 2,417 3,263
Other liabilities 1,930 1,340
Long-term debt 3,573 3,573
Collateral finance and securitization notes 346 388
Total liabilities 72,720 70,304
Commitments and contingent liabilities (See Note 8)
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 $.01 per share, 140,000,000 shares authorized, 85,310,598 shares issued at March 31, 2021 and December 31, 2020 1 1
Additional paid-in-capital 2,411 2,406
Retained earnings 8,235 8,148
Treasury stock, at cost – 17,325,355 and 17,353,697 shares (1,559) (1,562)
Accumulated other comprehensive income 3,002 5,359
Total stockholders’ equity 12,090 14,352
Total liabilities and stockholders’ equity 84,810 84,656
Financing Receivable, Allowance for Credit Loss $ 22 $ 20
Common stock par value (per share) $ 0.01 $ 0.01
Common stock shares authorized 140,000,000 140,000,000
Common Stock, Shares, Issued 85,310,598 85,310,598