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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $74,340 and $72,991) (allowance for credit losses of $2 and $24) $ 63,470 $ 63,361
Fixed maturities, at fair value using the fair value option [1] 1,634 1,508
Mortgage loans on real estate (net of allowance for credit losses of $139 and $129) [1] 17,655 16,481
Policy loans 4,089 4,033
Other equity investments [1] 3,272 3,152
Trading securities, at fair value 1,009 677
Other invested assets [1] 6,080 3,885
Total investments 97,209 93,097
Cash and cash equivalents [1] 6,096 4,281
Cash and securities segregated, at fair value 928 1,522
Broker-dealer related receivables 2,017 2,338
Deferred policy acquisition costs 6,599 6,369
Goodwill and other intangible assets, net 5,448 5,482
Amounts due from reinsurers (allowance for credit losses of $7 and $10) 8,271 8,471
Current and deferred income taxes 2,035 781
Purchased market risk benefits 8,745 10,423
Other assets [1] 3,945 4,033
Assets held-for-sale 681 562
Assets for market risk benefits 701 490
Separate Accounts assets 117,577 114,853
Total Assets 260,252 252,702 Close
LIABILITIES    
Policyholders’ account balances 91,912 83,866
Liability for market risk benefits 13,011 15,766
Future policy benefits and other policyholders' liabilities 16,647 16,603
Broker-dealer related payables 454 715
Customer related payables 2,321 3,323
Amounts due to reinsurers 1,424 1,533
Short-term debt 0 759
Long-term debt 3,820 3,322
Notes issued by consolidated variable interest entities, at fair value using the fair value option [1] 1,541 1,150
Other liabilities [1] 7,412 7,108
Liabilities held-for-sale 216 108
Separate Accounts liabilities 117,577 114,853
Total Liabilities 256,335 249,106 Close
Redeemable noncontrolling interest [1],[2] 636 455 Close
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; 495,418,509 and 508,418,442 shares issued, respectively; 342,074,647 and 365,081,940 shares outstanding, respectively 3 4
Additional paid-in capital 2,308 2,299
Treasury stock, at cost, 153,448,479 and 143,336,502 shares, respectively (3,592) (3,297)
Retained earnings 11,163 9,825
Accumulated other comprehensive income (loss) (9,802) (8,992)
Total equity attributable to Holdings 1,642 1,401
Noncontrolling interest 1,639 1,740
Total Equity 3,281 3,141 Close
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 260,252 $ 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.