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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $75,270 and $74,033) (allowance for credit losses of $4 and $4) $ 67,606 $ 67,030
Fixed maturities, at fair value using the fair value option [1] 1,687 1,654
Mortgage loans on real estate (net of allowance for credit losses of $297 and $279) [1] 18,570 18,171
Policy loans 4,191 4,158
Other equity investments [1] 3,502 3,384
Trading securities, at fair value 1,340 1,057
Other invested assets [1] 5,724 6,719
Total investments 102,620 102,173
Cash and cash equivalents [1] 10,357 8,239
Cash and securities segregated, at fair value 866 868
Broker-dealer related receivables 1,808 1,837
Deferred policy acquisition costs 6,804 6,705
Goodwill and other intangible assets, net 5,419 5,433
Amounts due from reinsurers (allowance for credit losses of $8 and $7) 8,387 8,352
Current and deferred income taxes 2,063 2,050
Purchased market risk benefits 8,337 9,427
Other assets [1] 3,618 3,323
Assets held-for-sale 745 565
Assets for market risk benefits 818 591
Separate Accounts assets 133,735 127,251
Total Assets 285,577 276,814 CloseClose
LIABILITIES    
Policyholders’ account balances 100,246 95,673
Liability for market risk benefits 12,814 14,612
Future policy benefits and other policyholders' liabilities 17,324 17,363
Broker-dealer related payables 1,022 1,232
Customer related payables 2,162 2,201
Amounts due to reinsurers 1,377 1,450
Short-term debt 0 254
Long-term debt 3,821 3,820
Notes issued by consolidated variable interest entities, at fair value using the fair value option [1] 1,580 1,559
Other liabilities [1] 6,511 6,088
Liabilities held-for-sale 239 153
Separate Accounts liabilities 133,735 127,251
Total Liabilities 280,831 271,656 CloseClose
Redeemable noncontrolling interest [1],[2] 991 770 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; 486,728,840 and 491,003,966 shares issued, respectively; 327,616,168 and 333,877,990 shares outstanding, respectively 5 5
Additional paid-in capital 2,322 2,328
Treasury stock, at cost, $159,108,981 and 157,125,976 shares, respectively (3,801) (3,712)
Retained earnings 10,110 10,243
Accumulated other comprehensive income (loss) (8,166) (7,777)
Total equity attributable to Holdings 2,032 2,649
Noncontrolling interest 1,723 1,739
Total Equity 3,755 4,388 CloseClose
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 285,577 $ 276,814
[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.
[2] See Note 14 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.
[3] See Note 15 of the Notes to these Consolidated Financial Statements for details of commitments and contingent liabilities.