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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity available-for-sale securities, at fair value (amortized cost: 2022 - $107,622; 2021 - $105,177; allowance for credit losses: 2022 - $20; 2021 - $19) $ 110,695 $ 118,746
Trading securities 4,385 4,482
Equity securities 346 318
Mortgage loans on real estate, net of allowance for credit losses (portion at fair value: 2022 - $537; 2021 - $739) 17,892 17,991
Policy loans 2,339 2,364
Derivative investments 4,840 5,437
Other investments 4,127 4,292
Total investments 144,624 153,630
Cash and invested cash 1,960 2,612
Deferred acquisition costs and value of business acquired 8,810 6,081
Premiums and fees receivable 671 580
Accrued investment income 1,247 1,189
Reinsurance recoverables, net of allowance for credit losses 20,044 20,295
Funds withheld reinsurance assets 510 517
Goodwill 1,778 1,778
Other assets 17,406 18,036
Separate account assets 168,879 182,583
Total assets 365,929 387,301
Liabilities    
Future contract benefits 39,773 41,030
Other contract holder funds 112,901 111,702
Short-term debt   300
Long-term debt 6,561 6,325
Reinsurance-related embedded derivatives   206
Funds withheld reinsurance liabilities 2,164 2,118
Payables for collateral on investments 8,927 8,946
Other liabilities 12,012 13,819
Separate account liabilities 168,879 182,583
Total liabilities 351,217 367,029
Contingencies and Commitments (See Note 10)
Stockholders' Equity    
Preferred stock - 10,000,000 shares authorized
Common stock – 800,000,000 shares authorized; 171,890,974 and 177,193,515 shares issued and outstanding as of March 31, 2022, and December 31, 2021, respectively 4,586 4,735
Retained earnings 8,876 9,096
Accumulated other comprehensive income (loss) 1,250 6,441
Total stockholders' equity 14,712 20,272
Total liabilities and stockholders' equity $ 365,929 $ 387,301