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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2021 - $105,866; 2020 - $104,174; allowance for credit losses: 2021 - $14; 2020 - $13) $ 117,313 $ 123,044
Trading securities 4,365 4,501
Equity securities 123 129
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2021 - $874; 2020 - $832) 17,255 16,763
Policy loans 2,502 2,426
Derivative investments 3,453 3,109
Other investments 3,548 3,984
Total investments 148,559 153,956
Cash and invested cash 1,350 1,708
Deferred acquisition costs and value of business acquired 7,665 5,812
Premiums and fees receivable 653 486
Accrued investment income 1,301 1,257
Reinsurance recoverables, net of allowance for credit losses 16,289 16,496
Funds withheld reinsurance assets 528 530
Goodwill 1,778 1,778
Other assets 17,298 15,960
Separate account assets 171,339 167,965
Total assets 366,760 365,948
Liabilities    
Future contract benefits 39,591 40,814
Other contract holder funds 107,002 105,405
Short-term debt 300  
Long-term debt 6,294 6,682
Reinsurance related embedded derivatives 244 392
Funds withheld reinsurance liabilities 1,976 1,946
Payables for collateral on investments 7,597 6,222
Other liabilities 12,824 13,823
Separate account liabilities 171,339 167,965
Total liabilities 347,167 343,249
Contingencies and Commitments (See Note 10)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 191,149,192 and 192,329,691 shares issued and outstanding as of March 31, 2021, and December 31, 2020, respectively 5,057 5,082
Retained earnings 8,775 8,686
Accumulated other comprehensive income (loss) 5,761 8,931
Total stockholders' equity 19,593 22,699
Total liabilities and stockholders' equity $ 366,760 $ 365,948