Equitable Holdings, Inc(NYSE:EQH)

Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Ret...
Website: http://www.axaequitableholdings.com
Founded: 1859
Full Time Employees: 12,000
Sector: Financial Services
Industry: Insurance-Diversified
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
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revenues | ||||||||||||||||||||||||||||||||
policy charges and fee income | 435,000,000 | 471,000,000 | 626,000,000 | 636,000,000 | 638,000,000 | 626,000,000 | 617,000,000 | 614,000,000 | 599,000,000 | 599,000,000 | 594,000,000 | 588,000,000 | 792,000,000 | 796,000,000 | 813,000,000 | 840,000,000 | 882,000,000 | 867,000,000 | 939,000,000 | 949,000,000 | 948,000,000 | 914,000,000 | 879,000,000 | 991,000,000 | 937,000,000 | 929,000,000 | 941,000,000 | 931,000,000 | 943,000,000 | 951,000,000 | 987,000,000 | 972,000,000 |
premiums | 224,000,000 | 258,000,000 | 260,000,000 | 304,000,000 | 292,000,000 | 313,000,000 | 282,000,000 | 275,000,000 | 281,000,000 | 267,000,000 | 280,000,000 | 276,000,000 | 250,000,000 | 259,000,000 | 238,000,000 | 247,000,000 | 231,000,000 | 230,000,000 | 241,000,000 | 258,000,000 | 243,000,000 | 221,000,000 | 244,000,000 | 289,000,000 | 300,000,000 | 284,000,000 | 280,000,000 | 283,000,000 | 271,000,000 | 269,000,000 | 275,000,000 | 279,000,000 |
net derivative gains | -363,000,000 | -1,117,000,000 | -1,374,000,000 | 799,000,000 | -253,000,000 | -714,000,000 | -208,000,000 | -1,376,000,000 | -1,254,000,000 | 615,000,000 | -917,000,000 | -841,000,000 | -1,422,000,000 | 68,000,000 | 2,229,000,000 | 821,000,000 | -535,000,000 | -185,000,000 | -1,199,000,000 | -2,546,000,000 | -3,612,000,000 | -1,472,000,000 | -6,033,000,000 | 9,401,000,000 | -1,683,000,000 | -451,000,000 | -236,000,000 | -1,630,000,000 | 2,057,000,000 | -2,006,000,000 | -73,000,000 | -281,000,000 |
net investment income | 1,288,000,000 | 1,343,000,000 | 1,355,000,000 | 1,248,000,000 | 1,202,000,000 | 1,309,000,000 | 1,166,000,000 | 1,219,000,000 | 1,223,000,000 | 1,071,000,000 | 1,036,000,000 | 990,000,000 | 958,000,000 | 842,000,000 | 711,000,000 | 804,000,000 | 932,000,000 | 997,000,000 | 1,033,000,000 | 884,000,000 | 947,000,000 | 879,000,000 | 1,035,000,000 | 616,000,000 | 884,000,000 | 824,000,000 | 976,000,000 | 1,015,000,000 | 825,000,000 | 681,000,000 | 596,000,000 | 591,000,000 |
investment gains, net: | ||||||||||||||||||||||||||||||||
credit and intent to sell losses on available for sale debt securities and loans | -10,750,000 | 11,000,000 | -54,000,000 | -19,000,000 | -28,000,000 | -15,000,000 | -20,000,000 | -75,000,000 | -65,000,000 | -14,000,000 | -66,000,000 | -48,000,000 | -267,000,000 | |||||||||||||||||||
other investment gains | -59,000,000 | -1,181,000,000 | -17,000,000 | -14,000,000 | -13,000,000 | -18,000,000 | -1,000,000 | -19,000,000 | -84,000,000 | -346,000,000 | -42,000,000 | -21,000,000 | -7,000,000 | -65,000,000 | -223,000,000 | -336,000,000 | 103,000,000 | 165,000,000 | 415,000,000 | 183,000,000 | 565,000,000 | 21,000,000 | 200,000,000 | 16,000,000 | -103,000,000 | 199,000,000 | -93,000,000 | -31,000,000 | -22,000,000 | 102,000,000 | ||
total investment gains | -84,000,000 | -1,170,000,000 | -71,000,000 | -14,000,000 | -32,000,000 | -46,000,000 | -16,000,000 | -39,000,000 | -159,000,000 | -411,000,000 | -56,000,000 | -87,000,000 | -55,000,000 | -332,000,000 | -232,000,000 | -326,000,000 | 101,000,000 | 163,000,000 | 420,000,000 | 184,000,000 | 554,000,000 | 17,000,000 | 169,000,000 | 4,000,000 | -103,000,000 | 199,000,000 | -131,000,000 | -35,000,000 | -22,000,000 | 102,000,000 | ||
investment management and service fees | 1,390,000,000 | 1,316,000,000 | 1,272,000,000 | 1,285,000,000 | 1,458,000,000 | 1,287,000,000 | 1,240,000,000 | 1,278,000,000 | 1,241,000,000 | 1,217,000,000 | 1,182,000,000 | 1,180,000,000 | 1,160,000,000 | 1,179,000,000 | 1,197,000,000 | 1,355,000,000 | 1,497,000,000 | 1,323,000,000 | 1,318,000,000 | 1,257,000,000 | 1,294,000,000 | 1,126,000,000 | 1,052,000,000 | 1,136,000,000 | 1,208,000,000 | 1,101,000,000 | 1,072,000,000 | 999,000,000 | 1,050,000,000 | 1,088,000,000 | 1,075,000,000 | 1,055,000,000 |
other income | 387,000,000 | 349,000,000 | 294,000,000 | 318,000,000 | 316,000,000 | 301,000,000 | 429,000,000 | 259,000,000 | 239,000,000 | 266,000,000 | 258,000,000 | 251,000,000 | 213,000,000 | 197,000,000 | 212,000,000 | 203,000,000 | 210,000,000 | 220,000,000 | 198,000,000 | 167,000,000 | 142,000,000 | 155,000,000 | 124,000,000 | 156,000,000 | 146,000,000 | 142,000,000 | 139,000,000 | 127,000,000 | 140,000,000 | 135,000,000 | 124,000,000 | 117,000,000 |
total revenues | 3,277,000,000 | 1,450,000,000 | 2,362,000,000 | 4,576,000,000 | 3,621,000,000 | 3,076,000,000 | 3,510,000,000 | 2,230,000,000 | 2,170,000,000 | 3,624,000,000 | 2,377,000,000 | 2,357,000,000 | 1,896,000,000 | 3,009,000,000 | 5,168,000,000 | 3,944,000,000 | 3,318,000,000 | 3,615,000,000 | 2,950,000,000 | 1,153,000,000 | 516,000,000 | 1,840,000,000 | -2,530,000,000 | 12,593,000,000 | 1,689,000,000 | 3,028,000,000 | 3,160,000,000 | 1,714,000,000 | 5,155,000,000 | 1,083,000,000 | 2,962,000,000 | 2,835,000,000 |
yoy | -9.50% | -52.86% | -32.71% | 105.20% | 66.87% | -15.12% | 47.67% | -5.39% | 14.45% | 20.44% | -54.01% | -40.24% | -42.86% | -16.76% | 75.19% | 242.06% | 543.02% | 96.47% | -216.60% | -90.84% | -69.45% | -39.23% | -180.06% | 634.71% | -67.24% | 179.59% | 6.68% | -39.54% | ||||
qoq | 126.00% | -38.61% | -48.38% | 26.37% | 17.72% | -12.36% | 57.40% | 2.76% | -40.12% | 52.46% | 0.85% | 24.31% | -36.99% | -41.78% | 31.03% | 18.87% | -8.22% | 22.54% | 155.85% | 123.45% | -71.96% | -172.73% | -120.09% | 645.59% | -44.22% | -4.18% | 84.36% | -66.75% | 375.99% | -63.44% | 4.48% | |
benefits and other deductions | ||||||||||||||||||||||||||||||||
policyholders’ benefits | 397,000,000 | 452,000,000 | 787,000,000 | 759,000,000 | 689,000,000 | 663,000,000 | 667,000,000 | 677,000,000 | 647,000,000 | 693,000,000 | 684,000,000 | 730,000,000 | 786,000,000 | 625,000,000 | 914,000,000 | 1,060,000,000 | 700,000,000 | 751,000,000 | 828,000,000 | 939,000,000 | 780,000,000 | 1,034,000,000 | 746,000,000 | 2,788,000,000 | 837,000,000 | 1,757,000,000 | 896,000,000 | 880,000,000 | 1,103,000,000 | 318,000,000 | 920,000,000 | 608,000,000 |
remeasurement of liability for future policy benefits | -6,000,000 | 59,000,000 | -13,000,000 | -2,000,000 | -3,000,000 | 16,000,000 | -8,000,000 | 1,000,000 | 29,000,000 | 49,000,000 | -7,000,000 | 4,000,000 | ||||||||||||||||||||
change in market risk benefits and purchased market risk benefits | -130,000,000 | -353,000,000 | -606,000,000 | 672,000,000 | -817,000,000 | 79,000,000 | -133,000,000 | -1,100,000,000 | -35,000,000 | -817,000,000 | -975,000,000 | 20,000,000 | ||||||||||||||||||||
interest credited to policyholders’ account balances | 744,000,000 | 798,000,000 | 796,000,000 | 678,000,000 | 620,000,000 | 708,000,000 | 605,000,000 | 566,000,000 | 563,000,000 | 556,000,000 | 501,000,000 | 463,000,000 | 407,000,000 | 378,000,000 | 309,000,000 | 315,000,000 | 314,000,000 | 305,000,000 | 309,000,000 | 291,000,000 | 292,000,000 | 306,000,000 | 307,000,000 | 317,000,000 | 319,000,000 | 304,000,000 | 314,000,000 | 304,000,000 | 273,000,000 | 278,000,000 | 268,000,000 | 271,000,000 |
compensation and benefits | 640,000,000 | 601,000,000 | 592,000,000 | 601,000,000 | 673,000,000 | 571,000,000 | 577,000,000 | 620,000,000 | 586,000,000 | 593,000,000 | 566,000,000 | 583,000,000 | 520,000,000 | 566,000,000 | 518,000,000 | 595,000,000 | 598,000,000 | 614,000,000 | 568,000,000 | 580,000,000 | 598,000,000 | 503,000,000 | 469,000,000 | 526,000,000 | 558,000,000 | 502,000,000 | 512,000,000 | 509,000,000 | 353,000,000 | 548,000,000 | 558,000,000 | 620,000,000 |
commissions and distribution-related payments | 567,000,000 | 537,000,000 | 488,000,000 | 501,000,000 | 511,000,000 | 485,000,000 | 463,000,000 | 437,000,000 | 412,000,000 | 405,000,000 | 393,000,000 | 380,000,000 | 383,000,000 | 368,000,000 | 394,000,000 | 422,000,000 | 447,000,000 | 436,000,000 | 397,000,000 | 382,000,000 | 369,000,000 | 342,000,000 | 302,000,000 | 338,000,000 | 337,000,000 | 317,000,000 | 307,000,000 | 281,000,000 | ||||
interest expense | 47,000,000 | 61,000,000 | 61,000,000 | 55,000,000 | 52,000,000 | 55,000,000 | 62,000,000 | 57,000,000 | 57,000,000 | 55,000,000 | 55,000,000 | 61,000,000 | 53,000,000 | 51,000,000 | 50,000,000 | 47,000,000 | 60,000,000 | 59,000,000 | 51,000,000 | 74,000,000 | 48,000,000 | 52,000,000 | 48,000,000 | 52,000,000 | 54,000,000 | 54,000,000 | 57,000,000 | 56,000,000 | 60,000,000 | 65,000,000 | 60,000,000 | 46,000,000 |
amortization of deferred policy acquisition costs | 205,000,000 | 203,000,000 | 193,000,000 | 188,000,000 | 186,000,000 | 184,000,000 | 169,000,000 | 172,000,000 | 169,000,000 | 165,000,000 | 155,000,000 | 152,000,000 | 96,000,000 | 105,000,000 | 160,000,000 | 181,000,000 | 136,000,000 | 64,000,000 | 106,000,000 | 87,000,000 | 58,000,000 | 90,000,000 | 183,000,000 | 1,248,000,000 | 119,000,000 | 85,000,000 | 177,000,000 | 198,000,000 | 671,000,000 | -363,000,000 | -1,000,000 | 15,000,000 |
other operating costs and expenses | 469,000,000 | 440,000,000 | 427,000,000 | 950,000,000 | 513,000,000 | 329,000,000 | 427,000,000 | 553,000,000 | 559,000,000 | 450,000,000 | 466,000,000 | 423,000,000 | 572,000,000 | 497,000,000 | 583,000,000 | 537,000,000 | 598,000,000 | 456,000,000 | 447,000,000 | 608,000,000 | 392,000,000 | 436,000,000 | 434,000,000 | 437,000,000 | 577,000,000 | 449,000,000 | 456,000,000 | 410,000,000 | 460,000,000 | 430,000,000 | 425,000,000 | 494,000,000 |
total benefits and other deductions | 2,933,000,000 | 2,798,000,000 | 2,725,000,000 | 4,402,000,000 | 2,424,000,000 | 3,090,000,000 | 2,829,000,000 | 1,983,000,000 | 2,987,000,000 | 2,149,000,000 | 1,838,000,000 | 2,816,000,000 | 2,817,000,000 | 2,590,000,000 | 2,928,000,000 | 3,157,000,000 | 2,853,000,000 | 2,685,000,000 | 2,706,000,000 | 2,961,000,000 | 2,537,000,000 | 2,763,000,000 | 2,489,000,000 | 5,706,000,000 | 2,801,000,000 | 3,468,000,000 | 2,719,000,000 | 2,638,000,000 | 2,826,000,000 | 1,701,000,000 | 2,648,000,000 | 2,465,000,000 |
income from continuing operations, before income taxes | 344,000,000 | -1,348,000,000 | -363,000,000 | 174,000,000 | 1,197,000,000 | -14,000,000 | 681,000,000 | 247,000,000 | -817,000,000 | 1,475,000,000 | 539,000,000 | -459,000,000 | -921,000,000 | 419,000,000 | 2,240,000,000 | 787,000,000 | 465,000,000 | 930,000,000 | 244,000,000 | -1,808,000,000 | -2,021,000,000 | -923,000,000 | -5,019,000,000 | 6,887,000,000 | -1,112,000,000 | -440,000,000 | 441,000,000 | -924,000,000 | 2,329,000,000 | -618,000,000 | 314,000,000 | 370,000,000 |
income tax benefit | -33,000,000 | 133,000,000 | 80,000,000 | -24,000,000 | -182,000,000 | 40,000,000 | -116,000,000 | -30,000,000 | 228,000,000 | -340,000,000 | 292,000,000 | 725,000,000 | 208,000,000 | -92,000,000 | -467,000,000 | -148,000,000 | -77,000,000 | -165,000,000 | -21,000,000 | 408,000,000 | 885,000,000 | 218,000,000 | 1,077,000,000 | -1,440,000,000 | 271,000,000 | 124,000,000 | -11,000,000 | 215,000,000 | -330,000,000 | 175,000,000 | -59,000,000 | -79,000,000 |
net income | 311,000,000 | -1,215,000,000 | -283,000,000 | 150,000,000 | 1,015,000,000 | 26,000,000 | 565,000,000 | 217,000,000 | -589,000,000 | 1,135,000,000 | 831,000,000 | 266,000,000 | -713,000,000 | 327,000,000 | 1,773,000,000 | 639,000,000 | 388,000,000 | 765,000,000 | 223,000,000 | -1,400,000,000 | -1,136,000,000 | -705,000,000 | -3,942,000,000 | 5,447,000,000 | -841,000,000 | -316,000,000 | 430,000,000 | -709,000,000 | 1,999,000,000 | -443,000,000 | 255,000,000 | 291,000,000 |
yoy | -69.36% | -4773.08% | -150.09% | -30.88% | -272.33% | -97.71% | -32.01% | -18.42% | -17.39% | 247.09% | -53.13% | -58.37% | -283.76% | -57.25% | 695.07% | -145.64% | -134.15% | -208.51% | -105.66% | -125.70% | 35.08% | 123.10% | -1016.74% | -868.27% | -142.07% | -28.67% | 68.63% | -343.64% | ||||
qoq | -125.60% | 329.33% | -288.67% | -85.22% | 3803.85% | -95.40% | 160.37% | -136.84% | -151.89% | 36.58% | 212.41% | -137.31% | -318.04% | -81.56% | 177.46% | 64.69% | -49.28% | 243.05% | -115.93% | 23.24% | 61.13% | -82.12% | -172.37% | -747.68% | 166.14% | -173.49% | -160.65% | -135.47% | -551.24% | -273.73% | -12.37% | |
net income margin % | 9.49% | -83.79% | -11.98% | 3.28% | 28.03% | 0.85% | 16.10% | 9.73% | -27.14% | 31.32% | 34.96% | 11.29% | -37.61% | 10.87% | 34.31% | 16.20% | 11.69% | 21.16% | 7.56% | -121.42% | -220.16% | -38.32% | 155.81% | 43.25% | -49.79% | -10.44% | 13.61% | -41.37% | 38.78% | -40.90% | 8.61% | 10.26% |
less: net income attributable to the noncontrolling interest | 96,000,000 | 94,000,000 | 66,000,000 | 87,000,000 | 116,000,000 | 160,000,000 | 137,000,000 | 103,000,000 | 109,000,000 | 71,000,000 | 72,000,000 | 89,000,000 | 76,000,000 | 54,000,000 | 45,000,000 | 66,000,000 | 134,000,000 | 93,000,000 | 100,000,000 | 88,000,000 | 102,000,000 | 74,000,000 | 86,000,000 | 37,000,000 | 96,000,000 | 68,000,000 | 67,000,000 | |||||
net income attributable to holdings | 215,000,000 | -1,309,000,000 | -349,000,000 | 63,000,000 | 899,000,000 | -134,000,000 | 428,000,000 | 114,000,000 | -698,000,000 | 1,064,000,000 | 759,000,000 | 177,000,000 | -789,000,000 | 273,000,000 | 1,728,000,000 | 573,000,000 | 254,000,000 | 672,000,000 | 123,000,000 | -1,488,000,000 | -1,238,000,000 | -779,000,000 | -4,028,000,000 | 5,410,000,000 | -937,000,000 | -384,000,000 | 363,000,000 | -775,000,000 | 1,938,000,000 | -496,000,000 | 158,000,000 | 168,000,000 |
less: preferred stock dividends | 13,000,000 | 16,000,000 | 18,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 13,000,000 | 19,000,000 | 11,000,000 | 10,000,000 | 13,000,000 | ||||||||
net income available to holdings’ common shareholders | 202,000,000 | -1,325,000,000 | -367,000,000 | 49,000,000 | 873,000,000 | -148,000,000 | 402,000,000 | 100,000,000 | -724,000,000 | 1,050,000,000 | 733,000,000 | 163,000,000 | -815,000,000 | 259,000,000 | 1,702,000,000 | 559,000,000 | 228,000,000 | 658,000,000 | 97,000,000 | -1,501,000,000 | -1,257,000,000 | -790,000,000 | -4,038,000,000 | 5,397,000,000 | ||||||||
earnings per common share | ||||||||||||||||||||||||||||||||
net income applicable to holdings’ common shareholders per common share: | ||||||||||||||||||||||||||||||||
basic | 600,000 | -4,470,000 | -1,210,000 | 160,000 | 2,730,000 | -470,000 | 1,240,000 | 300,000 | -2,000,000 | 3,030,000 | 2,060,000 | 450,000 | -2,100,000 | 690,000 | 4,490,000 | 1,440,000 | 520,000 | 1,600,000 | 230,000 | -3,460,000 | -2,790,000 | -1,770,000 | -8,960,000 | 11,710,000 | ||||||||
diluted | 600,000 | -4,470,000 | -1,210,000 | 160,000 | 2,700,000 | -470,000 | 1,230,000 | 300,000 | -1,990,000 | 3,020,000 | 2,060,000 | 450,000 | -2,090,000 | 690,000 | 4,470,000 | 1,430,000 | 520,000 | 1,590,000 | 230,000 | -3,460,000 | -2,780,000 | -1,770,000 | -8,960,000 | 11,650,000 | ||||||||
weighted-average common shares outstanding | 561 | |||||||||||||||||||||||||||||||
basic | 298,100,000 | 296,200,000 | 303,200,000 | 307,800,000 | 321,200,000 | 318,200,000 | 324,200,000 | 330,200,000 | 350,100,000 | 346,400,000 | 355,200,000 | 361,900,000 | 377,600,000 | 374,500,000 | 378,900,000 | 388,600,000 | 417,400,000 | 411,300,000 | 424,200,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 461,000,000 | 493.6 | 490.4 | 491.1 | 518 | 556.4 | 560.3 | ||
diluted | 298,100,000 | 296,200,000 | 303,200,000 | 311,900,000 | 324,800,000 | 318,200,000 | 327,300,000 | 332,700,000 | 351,600,000 | 348,000,000 | 356,100,000 | 364,100,000 | 379,900,000 | 376,800,000 | 380,600,000 | 391,700,000 | 417,400,000 | 414,600,000 | 428,300,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 463,500,000 | 493.6 | 490.4 | 491.9 | 518 | 556.5 | 560.3 | ||
credit losses on available-for-sale debt securities and loans | -9,000,000 | 10,000,000 | -2,000,000 | -2,000,000 | ||||||||||||||||||||||||||||
credit losses on available for sale debt securities and loans | 5,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||
credit losses on afs debt securities and loans | -11,750,000 | -4,000,000 | -31,000,000 | -12,000,000 | ||||||||||||||||||||||||||||
total other-than-temporary impairment losses | -38,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||
earnings per share - common stock: | ||||||||||||||||||||||||||||||||
basic | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | ||||||||||||||||||||||||
diluted | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | ||||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||
basic | 298,100,000 | 296,200,000 | 303,200,000 | 307,800,000 | 321,200,000 | 318,200,000 | 324,200,000 | 330,200,000 | 350,100,000 | 346,400,000 | 355,200,000 | 361,900,000 | 377,600,000 | 374,500,000 | 378,900,000 | 388,600,000 | 417,400,000 | 411,300,000 | 424,200,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 461,000,000 | 493.6 | 490.4 | 491.1 | 518 | 556.4 | 560.3 | ||
diluted | 298,100,000 | 296,200,000 | 303,200,000 | 311,900,000 | 324,800,000 | 318,200,000 | 327,300,000 | 332,700,000 | 351,600,000 | 348,000,000 | 356,100,000 | 364,100,000 | 379,900,000 | 376,800,000 | 380,600,000 | 391,700,000 | 417,400,000 | 414,600,000 | 428,300,000 | 434,200,000 | 450,400,000 | 447,500,000 | 450,400,000 | 463,500,000 | 493.6 | 490.4 | 491.9 | 518 | 556.5 | 560.3 | ||
investment gains | -12,000,000 | -11,000,000 | ||||||||||||||||||||||||||||||
less: net (income) loss attributable to the noncontrolling interest | -66,000,000 | -61,000,000 | -53,000,000 | -97,000,000 | -123,000,000 | |||||||||||||||||||||||||||
commissions and distribution related payments | -94,000,000 | 425,000,000 | 418,000,000 | 411,000,000 | ||||||||||||||||||||||||||||
earnings per share - common stock | ||||||||||||||||||||||||||||||||
basic | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | ||||||||||||||||||||||||
diluted | -1.92 | -0.78 | 0.74 | -1.5 | 3.48 | -0.89 | 0.28 | 0.3 | ||||||||||||||||||||||||
weighted-average common shares outstanding - basic | 561 | |||||||||||||||||||||||||||||||
weighted-average common shares outstanding - diluted | 561.1 | |||||||||||||||||||||||||||||||
weighted-average common shares outstanding | 561 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
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assets | ||||||||||||||||||||||||||||||||
investments: | ||||||||||||||||||||||||||||||||
fixed maturities available-for-sale, at fair value | 77,162,000,000 | 75,851,000,000 | 80,094,000,000 | 77,997,000,000 | 76,641,000,000 | 76,245,000,000 | 71,579,000,000 | 67,606,000,000 | 67,030,000,000 | 63,470,000,000 | 65,351,000,000 | 65,065,000,000 | 63,361,000,000 | 64,600,000,000 | 67,254,000,000 | 72,386,000,000 | 78,216,000,000 | 76,968,000,000 | 75,755,000,000 | 77,161,000,000 | 81,638,000,000 | 79,379,000,000 | 76,243,000,000 | 70,321,000,000 | 66,343,000,000 | 66,300,000,000 | 57,572,000,000 | 50,305,000,000 | ||||
fixed maturities, at fair value using the fair value option | 2,943,000,000 | 2,416,000,000 | 2,428,000,000 | 2,105,000,000 | 2,053,000,000 | 1,700,000,000 | 1,703,000,000 | 1,687,000,000 | 1,654,000,000 | 1,634,000,000 | 1,574,000,000 | 1,543,000,000 | 1,508,000,000 | 1,548,000,000 | 1,562,000,000 | 1,627,000,000 | 1,641,000,000 | 1,334,000,000 | 941,000,000 | 844,000,000 | 389,000,000 | |||||||||||
mortgage loans on real estate | 22,668,000,000 | 22,150,000,000 | 21,536,000,000 | 20,566,000,000 | 20,072,000,000 | 19,237,000,000 | 18,802,000,000 | 18,570,000,000 | 18,171,000,000 | 17,655,000,000 | 17,364,000,000 | 16,969,000,000 | 16,481,000,000 | 15,688,000,000 | 14,480,000,000 | 14,452,000,000 | 14,033,000,000 | 13,448,000,000 | 13,384,000,000 | 13,280,000,000 | 13,159,000,000 | 12,802,000,000 | 12,523,000,000 | 12,123,000,000 | 12,107,000,000 | 12,022,000,000 | 12,288,000,000 | 12,117,000,000 | 11,835,000,000 | 12,070,000,000 | 11,808,000,000 | 11,333,000,000 |
mortgage loans, at fair value using the fair value option | 50,000,000 | |||||||||||||||||||||||||||||||
policy loans | 1,862,000,000 | 1,855,000,000 | 4,355,000,000 | 4,318,000,000 | 4,330,000,000 | 4,293,000,000 | 4,247,000,000 | 4,191,000,000 | 4,158,000,000 | 4,089,000,000 | 4,061,000,000 | 4,028,000,000 | 4,033,000,000 | 4,018,000,000 | 4,020,000,000 | 4,010,000,000 | 4,024,000,000 | 4,027,000,000 | 4,048,000,000 | 4,091,000,000 | 4,118,000,000 | 4,123,000,000 | 3,689,000,000 | 3,720,000,000 | 3,735,000,000 | 3,750,000,000 | 3,740,000,000 | 3,766,000,000 | 3,779,000,000 | 3,739,000,000 | 3,739,000,000 | 3,776,000,000 |
other equity investments | 3,779,000,000 | 3,786,000,000 | 3,789,000,000 | 3,748,000,000 | 3,719,000,000 | 3,731,000,000 | 3,743,000,000 | 3,502,000,000 | 3,384,000,000 | 3,272,000,000 | 3,264,000,000 | 3,179,000,000 | 3,152,000,000 | 3,183,000,000 | 3,202,000,000 | 3,087,000,000 | 2,975,000,000 | 2,986,000,000 | 2,563,000,000 | 2,387,000,000 | 1,502,000,000 | 1,428,000,000 | 1,342,000,000 | 1,406,000,000 | 1,344,000,000 | 1,330,000,000 | 1,309,000,000 | 1,321,000,000 | 1,334,000,000 | 1,387,000,000 | 1,385,000,000 | 1,258,000,000 |
trading securities, at fair value | 1,572,000,000 | 1,595,000,000 | 1,295,000,000 | 1,203,000,000 | 1,095,000,000 | 2,215,000,000 | 2,017,000,000 | 1,340,000,000 | 1,057,000,000 | 1,009,000,000 | 873,000,000 | 828,000,000 | 677,000,000 | 631,000,000 | 538,000,000 | 589,000,000 | 631,000,000 | 584,000,000 | 1,038,000,000 | 4,821,000,000 | 5,553,000,000 | 6,244,000,000 | 6,616,000,000 | 6,534,000,000 | 7,031,000,000 | 8,939,000,000 | 9,646,000,000 | 13,127,000,000 | 16,017,000,000 | 14,993,000,000 | 14,146,000,000 | 14,919,000,000 |
other invested assets | 10,968,000,000 | 8,852,000,000 | 8,301,000,000 | 8,971,000,000 | 8,537,000,000 | 6,825,000,000 | 5,635,000,000 | 5,724,000,000 | 6,719,000,000 | 6,080,000,000 | 5,235,000,000 | 4,611,000,000 | 3,885,000,000 | 2,849,000,000 | 2,160,000,000 | 2,625,000,000 | 3,591,000,000 | 2,660,000,000 | 2,738,000,000 | 2,913,000,000 | 2,728,000,000 | 1,802,000,000 | 2,280,000,000 | 2,112,000,000 | 2,753,000,000 | 2,349,000,000 | 2,298,000,000 | 2,244,000,000 | 2,037,000,000 | 2,920,000,000 | 1,792,000,000 | 4,061,000,000 |
total investments | 121,004,000,000 | 116,505,000,000 | 121,798,000,000 | 118,908,000,000 | 116,447,000,000 | 114,246,000,000 | 107,726,000,000 | 102,620,000,000 | 102,173,000,000 | 97,209,000,000 | 97,722,000,000 | 96,223,000,000 | 93,097,000,000 | 92,517,000,000 | 93,216,000,000 | 98,776,000,000 | 105,111,000,000 | 102,007,000,000 | 100,467,000,000 | 105,497,000,000 | 109,087,000,000 | 105,778,000,000 | 102,693,000,000 | 96,216,000,000 | 93,340,000,000 | 94,717,000,000 | 86,901,000,000 | 82,948,000,000 | 81,333,000,000 | 78,942,000,000 | 76,828,000,000 | 78,883,000,000 |
cash and cash equivalents | 12,462,000,000 | 13,604,000,000 | 14,957,000,000 | 8,164,000,000 | 6,964,000,000 | 9,579,000,000 | 9,684,000,000 | 10,357,000,000 | 8,239,000,000 | 6,096,000,000 | 7,693,000,000 | 5,018,000,000 | 4,281,000,000 | 4,139,000,000 | 5,109,000,000 | 5,713,000,000 | 5,188,000,000 | 5,255,000,000 | 5,761,000,000 | 6,795,000,000 | 6,179,000,000 | 8,684,000,000 | 8,364,000,000 | 10,315,000,000 | 4,405,000,000 | 4,471,000,000 | 4,734,000,000 | 5,129,000,000 | 4,469,000,000 | 4,777,000,000 | 6,833,000,000 | 6,091,000,000 |
cash and securities segregated, at fair value | 499,000,000 | 425,000,000 | 483,000,000 | 772,000,000 | 500,000,000 | 547,000,000 | 592,000,000 | 866,000,000 | 868,000,000 | 928,000,000 | 879,000,000 | 1,055,000,000 | 1,522,000,000 | 1,335,000,000 | 1,747,000,000 | 1,693,000,000 | 1,504,000,000 | 909,000,000 | 1,073,000,000 | 1,413,000,000 | 1,753,000,000 | 1,869,000,000 | 1,882,000,000 | 2,013,000,000 | 1,095,000,000 | 958,000,000 | 1,110,000,000 | 1,262,000,000 | 1,170,000,000 | 1,263,000,000 | 1,289,000,000 | 1,025,000,000 |
broker-dealer related receivables | 2,162,000,000 | 1,996,000,000 | 1,933,000,000 | 1,931,000,000 | 1,961,000,000 | 1,898,000,000 | 1,801,000,000 | 1,808,000,000 | 1,837,000,000 | 2,017,000,000 | 2,053,000,000 | 2,203,000,000 | 2,338,000,000 | 2,539,000,000 | 2,666,000,000 | 2,744,000,000 | 2,599,000,000 | 2,639,000,000 | 2,474,000,000 | 2,361,000,000 | 2,223,000,000 | 1,929,000,000 | 1,998,000,000 | 2,436,000,000 | 1,987,000,000 | 1,935,000,000 | 2,156,000,000 | 2,122,000,000 | 2,209,000,000 | 2,224,000,000 | 2,276,000,000 | 2,300,000,000 |
deferred policy acquisition costs | 7,523,000,000 | 7,430,000,000 | 7,361,000,000 | 7,262,000,000 | 7,170,000,000 | 7,031,000,000 | 6,924,000,000 | 6,804,000,000 | 6,705,000,000 | 6,599,000,000 | 6,512,000,000 | 6,419,000,000 | 8,158,000,000 | 8,244,000,000 | 7,541,000,000 | 6,592,000,000 | 5,491,000,000 | 5,366,000,000 | 4,838,000,000 | 4,943,000,000 | 4,243,000,000 | 4,171,000,000 | 4,182,000,000 | 4,809,000,000 | 5,890,000,000 | 5,787,000,000 | 6,080,000,000 | 6,018,000,000 | 6,745,000,000 | 6,736,000,000 | 6,346,000,000 | 6,288,000,000 |
goodwill and other intangible assets | 5,309,000,000 | 5,327,000,000 | 5,342,000,000 | 5,356,000,000 | 5,371,000,000 | 5,388,000,000 | 5,403,000,000 | 5,419,000,000 | 5,433,000,000 | 5,448,000,000 | 5,463,000,000 | 5,478,000,000 | 5,482,000,000 | 5,635,000,000 | 4,721,000,000 | 4,723,000,000 | 4,728,000,000 | 4,734,000,000 | 4,739,000,000 | 4,744,000,000 | 4,737,000,000 | 4,745,000,000 | 4,756,000,000 | 4,760,000,000 | 4,751,000,000 | 4,765,000,000 | 4,776,000,000 | 4,769,000,000 | 4,780,000,000 | 4,791,000,000 | 4,802,000,000 | 4,813,000,000 |
amounts due from reinsurers | 20,127,000,000 | 20,025,000,000 | 7,501,000,000 | 7,523,000,000 | 8,044,000,000 | 8,222,000,000 | 8,237,000,000 | 8,387,000,000 | 8,352,000,000 | 8,271,000,000 | 8,395,000,000 | 8,453,000,000 | 17,201,000,000 | 13,378,000,000 | 13,758,000,000 | 14,060,000,000 | 14,679,000,000 | 14,801,000,000 | 14,462,000,000 | 4,526,000,000 | 4,566,000,000 | 4,580,000,000 | 4,665,000,000 | 4,614,000,000 | 4,592,000,000 | 4,656,000,000 | 4,740,000,000 | 4,850,000,000 | 4,895,000,000 | 4,909,000,000 | 4,963,000,000 | 4,953,000,000 |
current and deferred income taxes | 2,577,000,000 | 2,337,000,000 | 1,749,000,000 | 1,687,000,000 | 1,997,000,000 | 1,701,000,000 | 2,117,000,000 | 2,063,000,000 | 2,050,000,000 | 2,035,000,000 | 1,726,000,000 | 1,294,000,000 | 714,000,000 | 2,222,000,000 | 1,674,000,000 | 1,111,000,000 | 195,000,000 | 293,000,000 | 428,000,000 | 509,000,000 | 749,000,000 | 1,648,000,000 | 1,848,000,000 | 2,355,000,000 | 549,000,000 | 864,000,000 | 689,000,000 | 482,000,000 | 321,000,000 | |||
purchased market risk benefits | 5,260,000,000 | 5,415,000,000 | 5,543,000,000 | 5,976,000,000 | 7,376,000,000 | 8,492,000,000 | 7,993,000,000 | 8,337,000,000 | 9,427,000,000 | 8,745,000,000 | 9,931,000,000 | 10,676,000,000 | ||||||||||||||||||||
other assets | 3,771,000,000 | 3,678,000,000 | 3,962,000,000 | 4,574,000,000 | 4,462,000,000 | 3,738,000,000 | 3,825,000,000 | 3,618,000,000 | 3,323,000,000 | 3,945,000,000 | 3,391,000,000 | 3,629,000,000 | 4,031,000,000 | 4,680,000,000 | 4,787,000,000 | 3,852,000,000 | 3,613,000,000 | 4,545,000,000 | 4,149,000,000 | 3,859,000,000 | 3,701,000,000 | 4,476,000,000 | 3,724,000,000 | 5,824,000,000 | 3,799,000,000 | 3,882,000,000 | 3,760,000,000 | 3,787,000,000 | 3,127,000,000 | 3,124,000,000 | 3,025,000,000 | 3,239,000,000 |
assets for market risk benefits | 752,000,000 | 762,000,000 | 776,000,000 | 644,000,000 | 863,000,000 | 740,000,000 | 803,000,000 | 818,000,000 | 591,000,000 | 701,000,000 | 777,000,000 | 629,000,000 | ||||||||||||||||||||
separate accounts assets | 136,544,000,000 | 136,905,000,000 | 131,683,000,000 | 124,569,000,000 | 134,711,000,000 | 137,407,000,000 | 132,664,000,000 | 133,735,000,000 | 127,251,000,000 | 117,577,000,000 | 123,898,000,000 | 119,752,000,000 | 114,853,000,000 | 109,622,000,000 | 116,765,000,000 | 136,812,000,000 | 147,306,000,000 | 142,093,000,000 | 145,565,000,000 | 139,795,000,000 | 135,950,000,000 | 123,446,000,000 | 118,915,000,000 | 106,128,000,000 | 126,910,000,000 | 121,023,000,000 | 122,444,000,000 | 120,194,000,000 | 110,337,000,000 | 125,989,000,000 | 122,967,000,000 | 121,858,000,000 |
total assets | 317,990,000,000 | 314,409,000,000 | 303,088,000,000 | 287,366,000,000 | 295,866,000,000 | 298,989,000,000 | 287,769,000,000 | 285,577,000,000 | 276,814,000,000 | 260,252,000,000 | 269,006,000,000 | 261,500,000,000 | 253,468,000,000 | 245,600,000,000 | 253,482,000,000 | 277,658,000,000 | 292,262,000,000 | 284,579,000,000 | 285,982,000,000 | 276,832,000,000 | 275,397,000,000 | 262,496,000,000 | 254,110,000,000 | 240,781,000,000 | 249,870,000,000 | 244,646,000,000 | 238,597,000,000 | 232,819,000,000 | 220,797,000,000 | 234,451,000,000 | 231,012,000,000 | 232,294,000,000 |
liabilities | ||||||||||||||||||||||||||||||||
policyholders’ account balances | 133,433,000,000 | 129,561,000,000 | 123,359,000,000 | 112,793,000,000 | 110,965,000,000 | 107,433,000,000 | 104,072,000,000 | 100,246,000,000 | 95,673,000,000 | 91,912,000,000 | 91,595,000,000 | 86,761,000,000 | 83,855,000,000 | 79,999,000,000 | 78,766,000,000 | 79,549,000,000 | 79,357,000,000 | 75,909,000,000 | 75,169,000,000 | 73,303,000,000 | 66,820,000,000 | 62,726,000,000 | 59,272,000,000 | 55,810,000,000 | 58,879,000,000 | 56,719,000,000 | 53,211,000,000 | 52,197,000,000 | 49,923,000,000 | 50,066,000,000 | 48,849,000,000 | 47,666,000,000 |
liability for market risk benefits | 10,153,000,000 | 10,301,000,000 | 10,187,000,000 | 10,864,000,000 | 11,810,000,000 | 13,197,000,000 | 12,593,000,000 | 12,814,000,000 | 14,612,000,000 | 13,011,000,000 | 13,642,000,000 | 15,061,000,000 | ||||||||||||||||||||
future policy benefits and other policyholders’ liabilities | 17,660,000,000 | 17,611,000,000 | 17,557,000,000 | 17,372,000,000 | 17,613,000,000 | 29,351,000,000 | 29,586,000,000 | |||||||||||||||||||||||||
broker-dealer related payables | 1,370,000,000 | 1,367,000,000 | 1,454,000,000 | 642,000,000 | 775,000,000 | 1,382,000,000 | 839,000,000 | 1,022,000,000 | 1,232,000,000 | 454,000,000 | 1,522,000,000 | 888,000,000 | 715,000,000 | 607,000,000 | 612,000,000 | 1,992,000,000 | 1,283,000,000 | 1,087,000,000 | 1,643,000,000 | 2,283,000,000 | 1,443,000,000 | 760,000,000 | 1,001,000,000 | 1,001,000,000 | 722,000,000 | 519,000,000 | 443,000,000 | 494,000,000 | 431,000,000 | 491,000,000 | 603,000,000 | 466,000,000 |
customer related payables | 1,937,000,000 | 1,740,000,000 | 1,885,000,000 | 2,135,000,000 | 1,933,000,000 | 1,795,000,000 | 2,060,000,000 | 2,162,000,000 | 2,201,000,000 | 2,321,000,000 | 2,526,000,000 | 2,595,000,000 | 3,323,000,000 | 3,361,000,000 | 3,821,000,000 | 3,684,000,000 | 3,600,000,000 | 3,153,000,000 | 2,942,000,000 | 3,179,000,000 | 3,417,000,000 | 3,461,000,000 | 3,199,000,000 | 3,630,000,000 | 2,523,000,000 | 2,381,000,000 | 2,686,000,000 | 2,999,000,000 | 3,095,000,000 | 2,781,000,000 | ||
amounts due to reinsurers | 1,542,000,000 | 1,451,000,000 | 1,350,000,000 | 1,357,000,000 | 1,407,000,000 | 1,421,000,000 | 1,363,000,000 | 1,377,000,000 | 1,450,000,000 | 1,424,000,000 | 1,404,000,000 | 1,428,000,000 | 1,533,000,000 | 1,348,000,000 | 1,353,000,000 | 1,331,000,000 | 1,381,000,000 | 1,466,000,000 | 1,377,000,000 | 1,340,000,000 | 1,381,000,000 | 1,391,000,000 | 1,399,000,000 | 1,380,000,000 | 1,404,000,000 | 1,387,000,000 | 1,390,000,000 | 1,372,000,000 | 1,438,000,000 | 1,415,000,000 | 1,398,000,000 | 1,396,000,000 |
short-term debt | 25,000,000 | 254,000,000 | 751,000,000 | 759,000,000 | ||||||||||||||||||||||||||||
long-term debt | 3,835,000,000 | 3,833,000,000 | 4,332,000,000 | 4,330,000,000 | 3,833,000,000 | 3,831,000,000 | 3,830,000,000 | 3,821,000,000 | 3,820,000,000 | 3,820,000,000 | 3,819,000,000 | 3,819,000,000 | 3,322,000,000 | |||||||||||||||||||
notes issued by consolidated variable interest entities, at fair value using the fair value option | 2,702,000,000 | 2,530,000,000 | 2,471,000,000 | 2,110,000,000 | 2,116,000,000 | 1,744,000,000 | 1,740,000,000 | 1,580,000,000 | 1,559,000,000 | 1,541,000,000 | 1,484,000,000 | 1,169,000,000 | 1,150,000,000 | 1,165,000,000 | 1,150,000,000 | 1,182,000,000 | 1,191,000,000 | 1,190,000,000 | 746,000,000 | 323,000,000 | 313,000,000 | |||||||||||
other liabilities | 7,001,000,000 | 7,162,000,000 | 5,847,000,000 | 6,700,000,000 | 7,135,000,000 | 6,645,000,000 | 6,718,000,000 | 6,511,000,000 | 6,088,000,000 | 7,412,000,000 | 6,410,000,000 | 6,296,000,000 | 5,873,000,000 | 5,998,000,000 | 4,866,000,000 | 4,030,000,000 | 3,933,000,000 | 5,343,000,000 | 4,439,000,000 | 3,990,000,000 | 3,686,000,000 | 4,864,000,000 | 3,666,000,000 | 5,716,000,000 | 3,970,000,000 | 3,833,000,000 | 3,856,000,000 | 3,781,000,000 | 3,360,000,000 | 3,485,000,000 | 3,350,000,000 | 4,342,000,000 |
separate accounts liabilities | 136,544,000,000 | 136,905,000,000 | 131,683,000,000 | 124,569,000,000 | 134,711,000,000 | 137,407,000,000 | 132,664,000,000 | 133,735,000,000 | 127,251,000,000 | 117,577,000,000 | 123,898,000,000 | 119,752,000,000 | 114,853,000,000 | 109,622,000,000 | 116,765,000,000 | 136,812,000,000 | 147,306,000,000 | 142,093,000,000 | 145,565,000,000 | 139,795,000,000 | 135,950,000,000 | 123,446,000,000 | 118,915,000,000 | 106,128,000,000 | 126,910,000,000 | 121,023,000,000 | 122,444,000,000 | 120,194,000,000 | 110,337,000,000 | 125,989,000,000 | 122,967,000,000 | 121,858,000,000 |
total liabilities | 316,202,000,000 | 312,461,000,000 | 300,125,000,000 | 282,872,000,000 | 292,298,000,000 | 292,791,000,000 | 283,296,000,000 | 280,831,000,000 | 271,656,000,000 | 256,335,000,000 | 263,215,000,000 | 255,416,000,000 | 249,615,000,000 | 240,413,000,000 | 246,135,000,000 | 267,789,000,000 | 278,699,000,000 | 271,264,000,000 | 272,636,000,000 | 264,427,000,000 | 258,077,000,000 | 243,549,000,000 | 234,889,000,000 | 218,884,000,000 | 234,379,000,000 | 227,830,000,000 | 221,952,000,000 | 217,930,000,000 | 205,178,000,000 | 220,437,000,000 | 216,003,000,000 | 214,670,000,000 |
redeemable noncontrolling interest | 322,000,000 | 344,000,000 | 358,000,000 | 289,000,000 | 125,000,000 | 1,223,000,000 | 1,088,000,000 | 991,000,000 | 770,000,000 | 636,000,000 | 531,000,000 | 613,000,000 | 455,000,000 | 354,000,000 | 348,000,000 | 386,000,000 | 468,000,000 | 143,000,000 | 42,000,000 | 137,000,000 | 143,000,000 | 95,000,000 | 87,000,000 | 257,000,000 | 365,000,000 | 338,000,000 | 257,000,000 | 207,000,000 | 187,000,000 | 143,000,000 | 146,000,000 | 1,024,000,000 |
commitments and contingent liabilities | ||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||
equity attributable to holdings: | ||||||||||||||||||||||||||||||||
preferred stock and additional paid-in capital, 1 par value and 25,000 liquidation preference | 1,068,000,000 | 1,068,000,000 | 1,228,000,000 | 1,507,000,000 | 1,507,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,562,000,000 | 1,269,000,000 | 1,269,000,000 | ||||||||||
common stock, 0.01 par value... | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
additional paid-in capital | 1,932,000,000 | 1,917,000,000 | 1,901,000,000 | 2,305,000,000 | 2,336,000,000 | 2,343,000,000 | 2,337,000,000 | 2,322,000,000 | 2,328,000,000 | 2,308,000,000 | 2,297,000,000 | 2,298,000,000 | 2,299,000,000 | 2,027,000,000 | 1,918,000,000 | 1,933,000,000 | 1,919,000,000 | 1,917,000,000 | 1,980,000,000 | 1,928,000,000 | 1,985,000,000 | 1,953,000,000 | 1,938,000,000 | 1,930,000,000 | 1,920,000,000 | 1,897,000,000 | 1,901,000,000 | 1,881,000,000 | ||||
treasury stock | -5,165,000,000 | -5,011,000,000 | -4,423,000,000 | -4,296,000,000 | -4,198,000,000 | -4,072,000,000 | -3,932,000,000 | -3,801,000,000 | -3,712,000,000 | -3,592,000,000 | -3,493,000,000 | -3,400,000,000 | -3,297,000,000 | -3,202,000,000 | -3,065,000,000 | -3,070,000,000 | -2,850,000,000 | -2,537,000,000 | -2,537,000,000 | -2,300,000,000 | -2,245,000,000 | -2,147,000,000 | -2,047,000,000 | -2,025,000,000 | -1,832,000,000 | -1,269,000,000 | -1,232,000,000 | -1,234,000,000 | -640,000,000 | -56,000,000 | ||
retained earnings | 8,366,000,000 | 8,360,000,000 | 9,870,000,000 | 10,447,000,000 | 10,647,000,000 | 9,977,000,000 | 10,317,000,000 | 10,110,000,000 | 10,243,000,000 | 11,163,000,000 | 10,325,000,000 | 9,806,000,000 | 9,924,000,000 | 10,839,000,000 | 10,718,000,000 | 9,312,000,000 | 8,880,000,000 | 8,857,000,000 | 8,739,000,000 | 8,758,000,000 | 10,699,000,000 | 12,032,000,000 | 12,995,000,000 | 17,112,000,000 | 11,827,000,000 | 12,835,000,000 | 13,293,000,000 | 13,004,000,000 | 13,989,000,000 | 12,031,000,000 | 12,613,000,000 | 12,455,000,000 |
accumulated other comprehensive income | -6,280,000,000 | -6,191,000,000 | -7,432,000,000 | -7,567,000,000 | -8,712,000,000 | -6,595,000,000 | -8,645,000,000 | -8,166,000,000 | -7,777,000,000 | -9,802,000,000 | -7,142,000,000 | -6,516,000,000 | -8,834,000,000 | -7,876,000,000 | -5,548,000,000 | -1,787,000,000 | 2,004,000,000 | 1,876,000,000 | 1,983,000,000 | 740,000,000 | 3,863,000,000 | 4,188,000,000 | 3,928,000,000 | 2,289,000,000 | 840,000,000 | 1,468,000,000 | 876,000,000 | -513,000,000 | -1,396,000,000 | -1,595,000,000 | -1,310,000,000 | -946,000,000 |
total equity attributable to holdings | -74,000,000 | 148,000,000 | 1,149,000,000 | 2,401,000,000 | 1,585,000,000 | 3,220,000,000 | 1,644,000,000 | 2,032,000,000 | 2,649,000,000 | 1,642,000,000 | 3,553,000,000 | 3,754,000,000 | 1,658,000,000 | 3,354,000,000 | 5,589,000,000 | 7,954,000,000 | 11,519,000,000 | 11,680,000,000 | 11,732,000,000 | 10,693,000,000 | 15,576,000,000 | 17,300,000,000 | 17,594,000,000 | 20,086,000,000 | 13,535,000,000 | 14,936,000,000 | 14,843,000,000 | 13,143,000,000 | 13,866,000,000 | 12,411,000,000 | 13,376,000,000 | 13,565,000,000 |
noncontrolling interest | 1,540,000,000 | 1,456,000,000 | 1,456,000,000 | 1,804,000,000 | 1,858,000,000 | 1,755,000,000 | 1,741,000,000 | 1,723,000,000 | 1,739,000,000 | 1,639,000,000 | 1,707,000,000 | 1,717,000,000 | 1,740,000,000 | 1,479,000,000 | 1,410,000,000 | 1,529,000,000 | 1,576,000,000 | 1,492,000,000 | 1,572,000,000 | 1,575,000,000 | 1,601,000,000 | 1,552,000,000 | 1,540,000,000 | 1,554,000,000 | 1,591,000,000 | 1,542,000,000 | 1,545,000,000 | 1,539,000,000 | 1,566,000,000 | 1,460,000,000 | 1,487,000,000 | 3,035,000,000 |
total equity | 1,466,000,000 | 1,604,000,000 | 2,605,000,000 | 4,205,000,000 | 3,443,000,000 | 4,975,000,000 | 3,385,000,000 | 3,755,000,000 | 4,388,000,000 | 3,281,000,000 | 5,260,000,000 | 5,471,000,000 | 3,398,000,000 | 4,833,000,000 | 6,999,000,000 | 9,483,000,000 | 13,095,000,000 | 13,172,000,000 | 13,304,000,000 | 12,268,000,000 | 17,177,000,000 | 18,852,000,000 | 19,134,000,000 | 21,640,000,000 | 15,126,000,000 | 16,478,000,000 | 16,388,000,000 | 14,682,000,000 | 15,432,000,000 | 13,871,000,000 | 14,863,000,000 | 16,600,000,000 |
total liabilities, redeemable noncontrolling interest and equity | 317,990,000,000 | 314,409,000,000 | 303,088,000,000 | 287,366,000,000 | 295,866,000,000 | 298,989,000,000 | 287,769,000,000 | 285,577,000,000 | 276,814,000,000 | 260,252,000,000 | 269,006,000,000 | 261,500,000,000 | 253,468,000,000 | 245,600,000,000 | 253,482,000,000 | 277,658,000,000 | 292,262,000,000 | 284,579,000,000 | 285,982,000,000 | 276,832,000,000 | 275,397,000,000 | 262,496,000,000 | 254,110,000,000 | 240,781,000,000 | 249,870,000,000 | 244,646,000,000 | 238,597,000,000 | 232,819,000,000 | 220,797,000,000 | 234,451,000,000 | 231,012,000,000 | 232,294,000,000 |
assets held-for-sale | 745,000,000 | 565,000,000 | 681,000,000 | 566,000,000 | 671,000,000 | 562,000,000 | 483,000,000 | 470,000,000 | 843,000,000 | 962,000,000 | ||||||||||||||||||||||
liabilities held-for-sale | 239,000,000 | 153,000,000 | 216,000,000 | 129,000,000 | 158,000,000 | 108,000,000 | 270,000,000 | 322,000,000 | 679,000,000 | 724,000,000 | ||||||||||||||||||||||
future policy benefits and other policyholders' liabilities | 17,936,000,000 | 17,417,000,000 | 17,324,000,000 | 17,363,000,000 | 16,647,000,000 | 16,786,000,000 | 16,738,000,000 | 34,124,000,000 | 34,225,000,000 | 34,717,000,000 | 35,165,000,000 | 36,717,000,000 | 37,184,000,000 | 36,835,000,000 | 35,922,000,000 | 39,881,000,000 | 41,139,000,000 | 41,476,000,000 | 37,968,000,000 | 34,587,000,000 | 36,310,000,000 | 32,381,000,000 | 31,462,000,000 | 30,998,000,000 | ||||||||
gmib reinsurance contract asset, at fair value | 1,229,000,000 | 1,289,000,000 | 1,498,000,000 | 1,582,000,000 | 1,848,000,000 | 1,937,000,000 | 2,026,000,000 | 1,907,000,000 | 2,488,000,000 | 2,818,000,000 | 2,931,000,000 | 2,823,000,000 | 2,139,000,000 | 2,452,000,000 | 1,896,000,000 | 1,740,000,000 | 1,732,000,000 | 1,375,000,000 | 1,636,000,000 | 1,734,000,000 | ||||||||||||
short-term and long-term debt | 4,088,000,000 | 4,085,000,000 | 4,044,000,000 | 3,931,000,000 | 3,839,000,000 | 3,920,000,000 | 4,022,000,000 | 4,115,000,000 | 4,114,000,000 | 4,113,000,000 | 4,217,000,000 | 4,111,000,000 | 4,794,000,000 | 4,852,000,000 | 4,949,000,000 | 4,955,000,000 | 4,806,000,000 | 4,922,000,000 | 2,373,000,000 | |||||||||||||
preferred stock and additional paid-in capital, 1 par value, 32 million shares authorized, issued and outstanding; 25,000 liquidation preference | 775,000,000 | 775,000,000 | ||||||||||||||||||||||||||||||
real estate held for production of income | 27,000,000 | 27,000,000 | 48,000,000 | 68,000,000 | 52,000,000 | 54,000,000 | 53,000,000 | 52,000,000 | ||||||||||||||||||||||||
securities sold under agreements to repurchase | 573,000,000 | 1,900,000,000 | 1,850,000,000 | 1,904,000,000 | ||||||||||||||||||||||||||||
preferred stock and additional paid-in capital, par value 1.00 per share; 25,000 liquidation preference at december 31, 2019 | 775,000,000 | |||||||||||||||||||||||||||||||
fixed maturities available for sale, at fair value | 46,279,000,000 | 43,779,000,000 | 43,905,000,000 | 43,484,000,000 | ||||||||||||||||||||||||||||
loans to affiliates | 885,000,000 | |||||||||||||||||||||||||||||||
loans from affiliates | 2,530,000,000 | |||||||||||||||||||||||||||||||
income taxes payable | 68,000,000 | |||||||||||||||||||||||||||||||
capital in excess of par value | 1,908,000,000 | 2,025,000,000 | 2,067,000,000 | 2,050,000,000 | ||||||||||||||||||||||||||||
future policy benefits and other policyholders liabilities | 29,504,000,000 | |||||||||||||||||||||||||||||||
current and deferred tax assets | 47,000,000 | 225,000,000 | ||||||||||||||||||||||||||||||
customers related payables | 2,713,000,000 | 2,549,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||
net income | 311,000,000 | -1,215,000,000 | -283,000,000 | 150,000,000 | 1,015,000,000 | 26,000,000 | 565,000,000 | 217,000,000 | -589,000,000 | 1,135,000,000 | 831,000,000 | 266,000,000 | -713,000,000 | 327,000,000 | 1,773,000,000 | 639,000,000 | 388,000,000 | 765,000,000 | 223,000,000 | -1,400,000,000 | -1,136,000,000 | -718,000,000 | -3,942,000,000 | 5,447,000,000 | -841,000,000 | -316,000,000 | 430,000,000 | -709,000,000 | 1,999,000,000 | -391,000,000 | 255,000,000 | 291,000,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
interest credited to policyholders’ account balances | 744,000,000 | 798,000,000 | 796,000,000 | 678,000,000 | 620,000,000 | 708,000,000 | 605,000,000 | 566,000,000 | 563,000,000 | 556,000,000 | 501,000,000 | 463,000,000 | 407,000,000 | 378,000,000 | 309,000,000 | 315,000,000 | 314,000,000 | 305,000,000 | 309,000,000 | 291,000,000 | 292,000,000 | 306,000,000 | 307,000,000 | 317,000,000 | 319,000,000 | 304,000,000 | 314,000,000 | 304,000,000 | 273,000,000 | 278,000,000 | 268,000,000 | 271,000,000 |
policy charges and fee income | -435,000,000 | -471,000,000 | -626,000,000 | -636,000,000 | -638,000,000 | -626,000,000 | -617,000,000 | -614,000,000 | -599,000,000 | -599,000,000 | -594,000,000 | -588,000,000 | -792,000,000 | -796,000,000 | -813,000,000 | -840,000,000 | -882,000,000 | -867,000,000 | -939,000,000 | -949,000,000 | -948,000,000 | -917,000,000 | -879,000,000 | -991,000,000 | -937,000,000 | -929,000,000 | -941,000,000 | -931,000,000 | -943,000,000 | -922,000,000 | -987,000,000 | -972,000,000 |
net derivative losses | 363,000,000 | 1,117,000,000 | 253,000,000 | 714,000,000 | 208,000,000 | 1,376,000,000 | 841,000,000 | -821,000,000 | ||||||||||||||||||||||||
credit and intent to sell losses on available-for-sale debt securities and loans | ||||||||||||||||||||||||||||||||
investment losses | 59,000,000 | 1,181,000,000 | 13,000,000 | 18,000,000 | 1,000,000 | 19,000,000 | 21,000,000 | 336,000,000 | ||||||||||||||||||||||||
losses on businesses held-for-sale | 0 | 0 | -134,000,000 | -1,000,000 | 3,000,000 | |||||||||||||||||||||||||||
realized and unrealized losses on trading securities | -6,000,000 | -50,000,000 | 26,000,000 | -71,000,000 | -6,000,000 | -37,000,000 | -34,000,000 | 92,000,000 | ||||||||||||||||||||||||
loss on novation | 0 | 0 | 0 | 499,000,000 | ||||||||||||||||||||||||||||
ab retirement plan losses | 0 | -3,000,000 | 0 | 21,000,000 | ||||||||||||||||||||||||||||
non-cash long term incentive compensation expense | 213,000,000 | 16,000,000 | 22,000,000 | 26,000,000 | 207,000,000 | 25,000,000 | 28,000,000 | 25,000,000 | 38,000,000 | 192,000,000 | -31,000,000 | 24,000,000 | 41,000,000 | 155,000,000 | 22,000,000 | 28,000,000 | 5,000,000 | 188,000,000 | 22,000,000 | 26,000,000 | 42,000,000 | |||||||||||
amortization and depreciation | 220,000,000 | 219,000,000 | 220,000,000 | 213,000,000 | 220,000,000 | 211,000,000 | 189,000,000 | 240,000,000 | 236,000,000 | 196,000,000 | 156,000,000 | 224,000,000 | 227,000,000 | 216,000,000 | 191,000,000 | 180,000,000 | 161,000,000 | 88,000,000 | 95,000,000 | 153,000,000 | 89,000,000 | 162,000,000 | 231,000,000 | 1,275,000,000 | 122,000,000 | 102,000,000 | 194,000,000 | 239,000,000 | ||||
remeasurement of liability for future policy benefits | -6,000,000 | 59,000,000 | -13,000,000 | -2,000,000 | -3,000,000 | 16,000,000 | -8,000,000 | 1,000,000 | 29,000,000 | 49,000,000 | -7,000,000 | 4,000,000 | ||||||||||||||||||||
change in market risk benefits | -130,000,000 | -353,000,000 | -606,000,000 | 672,000,000 | -817,000,000 | 79,000,000 | -133,000,000 | -1,100,000,000 | -35,000,000 | -817,000,000 | -975,000,000 | 20,000,000 | ||||||||||||||||||||
equity loss from limited partnerships | -79,000,000 | -55,000,000 | -80,000,000 | -36,000,000 | -8,000,000 | -50,000,000 | -21,000,000 | -71,000,000 | ||||||||||||||||||||||||
changes in: | ||||||||||||||||||||||||||||||||
net broker-dealer and customer related receivables/payables | 69,000,000 | -178,000,000 | -274,000,000 | 248,000,000 | 59,000,000 | -337,000,000 | -144,000,000 | -24,000,000 | 86,000,000 | -310,000,000 | -45,000,000 | -641,000,000 | 384,000,000 | -378,000,000 | 172,000,000 | 11,000,000 | 494,000,000 | 99,000,000 | -396,000,000 | -328,000,000 | -313,000,000 | 276,000,000 | -177,000,000 | 881,000,000 | 101,000,000 | -120,000,000 | -163,000,000 | -221,000,000 | 423,000,000 | -64,000,000 | 196,000,000 | 283,000,000 |
reinsurance recoverable and related balances | -401,000,000 | |||||||||||||||||||||||||||||||
segregated cash and securities | -74,000,000 | 58,000,000 | 289,000,000 | -272,000,000 | 47,000,000 | 45,000,000 | 274,000,000 | 2,000,000 | 60,000,000 | -48,000,000 | 175,000,000 | 468,000,000 | -187,000,000 | 412,000,000 | -54,000,000 | -189,000,000 | -595,000,000 | 165,000,000 | 339,000,000 | 341,000,000 | 115,000,000 | 13,000,000 | 131,000,000 | -918,000,000 | -136,000,000 | 151,000,000 | 153,000,000 | -93,000,000 | 93,000,000 | 35,000,000 | -265,000,000 | -208,000,000 |
capitalization of deferred policy acquisition costs | -312,000,000 | -283,000,000 | -292,000,000 | -282,000,000 | -325,000,000 | -291,000,000 | -291,000,000 | -270,000,000 | -274,000,000 | -252,000,000 | -248,000,000 | -202,000,000 | -197,000,000 | -216,000,000 | -220,000,000 | -209,000,000 | -255,000,000 | -214,000,000 | -220,000,000 | -186,000,000 | -181,000,000 | -148,000,000 | -156,000,000 | -185,000,000 | -210,000,000 | -182,000,000 | -189,000,000 | -173,000,000 | ||||
future policy benefits | 87,000,000 | -197,000,000 | 173,000,000 | 28,000,000 | 35,000,000 | 84,000,000 | 158,000,000 | 117,000,000 | 133,000,000 | 156,000,000 | 135,000,000 | -95,000,000 | -78,000,000 | -205,000,000 | 147,000,000 | 180,000,000 | -192,000,000 | -142,000,000 | -25,000,000 | 60,000,000 | 86,000,000 | 39,000,000 | -108,000,000 | 1,936,000,000 | 22,000,000 | 924,000,000 | -21,000,000 | 22,000,000 | 221,000,000 | -449,000,000 | 83,000,000 | -254,000,000 |
current and deferred income taxes | -215,000,000 | -624,000,000 | -135,000,000 | 6,000,000 | 141,000,000 | 26,000,000 | 70,000,000 | 85,000,000 | -295,000,000 | 309,000,000 | -439,000,000 | -738,000,000 | -217,000,000 | 66,000,000 | 430,000,000 | 93,000,000 | 65,000,000 | 162,000,000 | -249,000,000 | -429,000,000 | -808,000,000 | -245,000,000 | -943,000,000 | 1,425,000,000 | -144,000,000 | 13,000,000 | -160,000,000 | 183,000,000 | 384,000,000 | 25,000,000 | 121,000,000 | 103,000,000 |
other | -587,000,000 | 605,000,000 | -21,000,000 | -72,000,000 | -138,000,000 | 50,000,000 | 371,000,000 | -166,000,000 | -823,000,000 | 519,000,000 | 270,000,000 | -205,000,000 | -287,000,000 | 157,000,000 | 136,000,000 | -98,000,000 | -63,000,000 | 150,000,000 | 214,000,000 | 175,000,000 | -255,000,000 | 375,000,000 | 119,000,000 | -448,000,000 | -76,000,000 | -28,000,000 | 30,000,000 | -88,000,000 | -83,000,000 | 41,000,000 | 75,000,000 | -255,000,000 |
net cash from operating activities | -154,000,000 | 369,000,000 | 341,000,000 | 158,000,000 | 400,000,000 | 683,000,000 | 892,000,000 | 31,000,000 | -392,000,000 | 410,000,000 | 361,000,000 | -587,000,000 | -106,000,000 | 79,000,000 | -94,000,000 | -730,000,000 | -402,000,000 | 241,000,000 | -581,000,000 | -14,000,000 | -66,000,000 | 553,000,000 | 34,000,000 | -582,000,000 | 76,000,000 | 133,000,000 | -316,000,000 | -109,000,000 | 94,000,000 | 281,000,000 | -50,000,000 | -264,000,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -154,000,000 | 369,000,000 | 341,000,000 | 158,000,000 | 400,000,000 | 683,000,000 | 892,000,000 | 31,000,000 | -392,000,000 | 410,000,000 | 361,000,000 | -587,000,000 | -106,000,000 | 79,000,000 | -94,000,000 | -730,000,000 | -402,000,000 | 241,000,000 | -581,000,000 | -14,000,000 | -66,000,000 | 553,000,000 | 34,000,000 | -582,000,000 | 76,000,000 | 133,000,000 | -316,000,000 | -109,000,000 | 94,000,000 | 281,000,000 | -50,000,000 | -264,000,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||
proceeds from the sale/maturity/pre-payment of: | ||||||||||||||||||||||||||||||||
fixed maturities, available-for-sale | 4,512,000,000 | 4,860,000,000 | 4,898,000,000 | 4,470,000,000 | 3,266,000,000 | 2,384,000,000 | 3,378,000,000 | 1,906,000,000 | 2,514,000,000 | 3,188,000,000 | 3,309,000,000 | 1,481,000,000 | 1,134,000,000 | 1,881,000,000 | 3,881,000,000 | 8,651,000,000 | 8,523,000,000 | 5,273,000,000 | 11,381,000,000 | 9,257,000,000 | 8,564,000,000 | 2,827,000,000 | 4,833,000,000 | 2,762,000,000 | 3,477,000,000 | 4,649,000,000 | 2,301,000,000 | 2,900,000,000 | ||||
fixed maturities, at fair value using the fair value option | 213,000,000 | 261,000,000 | 168,000,000 | 131,000,000 | 245,000,000 | 231,000,000 | 200,000,000 | 199,000,000 | 160,000,000 | 84,000,000 | 209,000,000 | 30,000,000 | 92,000,000 | 88,000,000 | 93,000,000 | 252,000,000 | 153,000,000 | 200,000,000 | 301,000,000 | 109,000,000 | ||||||||||||
mortgage loans on real estate | 800,000,000 | 664,000,000 | 315,000,000 | 349,000,000 | 160,000,000 | 550,000,000 | 204,000,000 | 256,000,000 | 93,000,000 | 117,000,000 | 155,000,000 | 81,000,000 | 253,000,000 | 188,000,000 | 433,000,000 | 280,000,000 | 279,000,000 | 874,000,000 | 298,000,000 | 245,000,000 | 176,000,000 | 71,000,000 | 263,000,000 | 120,000,000 | 244,000,000 | 420,000,000 | 72,000,000 | 216,000,000 | 393,000,000 | 222,000,000 | 85,000,000 | 68,000,000 |
trading account securities | 180,000,000 | 101,000,000 | 101,000,000 | 168,000,000 | 89,000,000 | 486,000,000 | 261,000,000 | 251,000,000 | 298,000,000 | 185,000,000 | 318,000,000 | 162,000,000 | 166,000,000 | 112,000,000 | 48,000,000 | 45,000,000 | 44,000,000 | 478,000,000 | 3,838,000,000 | 799,000,000 | 633,000,000 | 630,000,000 | 389,000,000 | 510,000,000 | 1,955,000,000 | 1,100,000,000 | 3,819,000,000 | 3,843,000,000 | 2,403,000,000 | 2,071,000,000 | 3,237,000,000 | 1,629,000,000 |
short term investments | 4,000,000 | 5,000,000 | 98,000,000 | 34,000,000 | 79,000,000 | 186,000,000 | 289,000,000 | 282,000,000 | 620,000,000 | 302,000,000 | 1,813,000,000 | 589,000,000 | 262,000,000 | 207,000,000 | 100,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 63,000,000 | 18,000,000 | 63,000,000 | 496,000,000 | 220,000,000 | 718,000,000 | ||||||||
payment for the purchase/origination of: | ||||||||||||||||||||||||||||||||
mortgage loans, at fair value using the fair value option | ||||||||||||||||||||||||||||||||
cash settlements related to derivative instruments | 121,000,000 | -86,000,000 | 371,000,000 | 200,000,000 | -1,157,000,000 | -536,000,000 | -259,000,000 | -1,179,000,000 | 367,000,000 | -1,047,000,000 | -458,000,000 | -197,000,000 | -1,115,000,000 | 133,000,000 | 436,000,000 | 230,000,000 | 565,000,000 | -402,000,000 | -3,127,000,000 | -2,973,000,000 | -1,337,000,000 | -2,501,000,000 | -577,000,000 | 5,581,000,000 | -1,133,000,000 | 1,291,000,000 | -107,000,000 | -1,005,000,000 | 1,192,000,000 | -276,000,000 | -279,000,000 | -54,000,000 |
investment in capitalized software, leasehold improvements and edp equipment | 16,000,000 | -33,000,000 | -7,000,000 | -10,000,000 | -26,000,000 | -28,000,000 | -36,000,000 | -63,000,000 | -35,000,000 | -25,000,000 | -39,000,000 | -18,000,000 | -65,000,000 | -83,000,000 | -20,000,000 | 1,000,000 | -27,000,000 | -41,000,000 | -29,000,000 | -23,000,000 | -63,000,000 | -16,000,000 | -14,000,000 | -14,000,000 | -21,000,000 | -33,000,000 | -23,000,000 | -16,000,000 | -39,000,000 | -38,000,000 | -22,000,000 | -24,000,000 |
net cash from investing activities | -2,483,000,000 | -4,768,000,000 | -2,518,000,000 | -1,199,000,000 | -5,536,000,000 | -2,392,000,000 | -5,245,000,000 | -2,682,000,000 | 115,000,000 | -2,449,000,000 | -1,087,000,000 | -1,430,000,000 | -3,215,000,000 | -2,524,000,000 | -1,577,000,000 | -171,000,000 | -1,914,000,000 | -2,484,000,000 | -4,540,000,000 | -3,751,000,000 | -3,855,000,000 | -5,530,000,000 | -2,585,000,000 | 4,147,000,000 | -1,085,000,000 | -4,969,000,000 | -2,372,000,000 | -70,000,000 | -993,000,000 | -2,863,000,000 | 1,348,000,000 | 459,000,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||
policyholders’ account balances: | ||||||||||||||||||||||||||||||||
deposits | 6,241,000,000 | 5,573,000,000 | 8,209,000,000 | 6,722,000,000 | 5,238,000,000 | 4,823,000,000 | 4,794,000,000 | 4,239,000,000 | 4,235,000,000 | 3,630,000,000 | 4,685,000,000 | 4,375,000,000 | 4,687,000,000 | 4,466,000,000 | 3,986,000,000 | 3,228,000,000 | 4,761,000,000 | 2,771,000,000 | 2,753,000,000 | 7,236,000,000 | 3,518,000,000 | 3,329,000,000 | 2,092,000,000 | 2,507,000,000 | 2,899,000,000 | 5,024,000,000 | 2,490,000,000 | 2,430,000,000 | 1,622,000,000 | 2,805,000,000 | 3,035,000,000 | 2,532,000,000 |
withdrawals | -3,945,000,000 | -3,542,000,000 | -2,578,000,000 | -2,059,000,000 | -2,818,000,000 | -2,981,000,000 | -2,147,000,000 | -2,572,000,000 | -3,113,000,000 | -1,899,000,000 | -2,175,000,000 | -2,655,000,000 | -1,951,000,000 | -1,955,000,000 | -799,000,000 | -2,257,000,000 | -2,452,000,000 | -1,499,000,000 | -1,651,000,000 | -1,467,000,000 | -1,216,000,000 | -1,087,000,000 | -930,000,000 | -1,099,000,000 | -1,068,000,000 | -1,169,000,000 | -1,315,000,000 | -1,067,000,000 | -430,000,000 | -1,420,000,000 | -1,366,000,000 | -1,384,000,000 |
transfers (to) from separate accounts | 500,000,000 | 493,000,000 | 448,000,000 | 484,000,000 | 469,000,000 | 448,000,000 | 431,000,000 | 401,000,000 | 385,000,000 | 327,000,000 | 338,000,000 | 309,000,000 | 299,000,000 | 291,000,000 | 403,000,000 | 454,000,000 | 530,000,000 | 498,000,000 | 460,000,000 | 497,000,000 | 533,000,000 | 1,046,000,000 | 360,000,000 | 513,000,000 | 411,000,000 | 527,000,000 | 407,000,000 | 424,000,000 | ||||
payments of market risk benefits | -154,000,000 | -150,000,000 | -212,000,000 | -154,000,000 | -138,000,000 | -169,000,000 | -174,000,000 | -202,000,000 | -185,000,000 | -184,000,000 | -203,000,000 | -172,000,000 | ||||||||||||||||||||
proceeds from short-term financings | ||||||||||||||||||||||||||||||||
repayment of short-term financings | 0 | 0 | 0 | -254,000,000 | ||||||||||||||||||||||||||||
change in collateralized pledged assets | -330,000,000 | 36,000,000 | 9,000,000 | 8,000,000 | -24,000,000 | 14,000,000 | 96,000,000 | -171,000,000 | 78,000,000 | -82,000,000 | -38,000,000 | -7,000,000 | -1,000,000 | -28,000,000 | 105,000,000 | -40,000,000 | -21,000,000 | -12,000,000 | 1,459,000,000 | -1,392,000,000 | -199,000,000 | 0 | 16,000,000 | 44,000,000 | -74,000,000 | 12,000,000 | -3,000,000 | -6,000,000 | 62,000,000 | -62,000,000 | 14,000,000 | 17,000,000 |
change in collateralized pledged liabilities | -878,000,000 | 2,184,000,000 | 4,169,000,000 | -2,871,000,000 | 146,000,000 | -126,000,000 | 1,166,000,000 | 3,663,000,000 | 1,122,000,000 | -1,050,000,000 | 1,617,000,000 | 665,000,000 | 897,000,000 | -943,000,000 | -2,074,000,000 | 545,000,000 | -81,000,000 | 227,000,000 | 1,171,000,000 | 96,000,000 | -1,125,000,000 | 1,734,000,000 | -418,000,000 | 657,000,000 | -539,000,000 | 417,000,000 | 852,000,000 | 631,000,000 | -612,000,000 | -419,000,000 | 399,000,000 | 56,000,000 |
issuance of long-term debt | 0 | 0 | 0 | 495,000,000 | 0 | 1,000,000 | 0 | 496,000,000 | 0 | -1,000,000 | ||||||||||||||||||||||
repayment of long term debt | 0 | 0 | 0 | |||||||||||||||||||||||||||||
proceeds from collateralized loan obligations | 0 | 0 | 12,000,000 | 34,000,000 | 5,000,000 | 0 | 0 | |||||||||||||||||||||||||
repayment of collateralized loan obligations | 0 | -14,000,000 | -14,000,000 | -24,000,000 | ||||||||||||||||||||||||||||
proceeds from notes issued by consolidated vies | 548,000,000 | 57,000,000 | 742,000,000 | 461,000,000 | 383,000,000 | -7,000,000 | 0 | 0 | 40,000,000 | 9,000,000 | -32,000,000 | -11,000,000 | -1,000,000 | 441,000,000 | 422,000,000 | 11,000,000 | ||||||||||||||||
repayment of notes issued by consolidated vies | -368,000,000 | -3,000,000 | -374,000,000 | -465,000,000 | ||||||||||||||||||||||||||||
dividends paid on common stock | -77,000,000 | -81,000,000 | -82,000,000 | -74,000,000 | -75,000,000 | -76,000,000 | -78,000,000 | -73,000,000 | -74,000,000 | -77,000,000 | -78,000,000 | -72,000,000 | -74,000,000 | -75,000,000 | -75,000,000 | -70,000,000 | -72,000,000 | -74,000,000 | -76,000,000 | -74,000,000 | -75,000,000 | -76,000,000 | -77,000,000 | -69,000,000 | ||||||||
dividends paid on preferred stock | -13,000,000 | -16,000,000 | -18,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -13,000,000 | -19,000,000 | -11,000,000 | -10,000,000 | -13,000,000 | ||||||||
redemption of preferred stock | -10,000,000 | -160,000,000 | ||||||||||||||||||||||||||||||
purchase of alliancebernstein units | -3,000,000 | 0 | -23,000,000 | |||||||||||||||||||||||||||||
purchase of ab holding units to fund long-term incentive compensation plan awards | -114,000,000 | -4,000,000 | -14,000,000 | -30,000,000 | -79,000,000 | -44,000,000 | -28,000,000 | -6,000,000 | -23,000,000 | |||||||||||||||||||||||
purchase of treasury shares | -277,000,000 | -676,000,000 | -235,000,000 | -262,000,000 | -260,000,000 | -254,000,000 | -247,000,000 | -253,000,000 | -241,000,000 | -238,000,000 | -226,000,000 | -214,000,000 | -150,000,000 | -200,000,000 | -220,000,000 | -279,000,000 | -468,000,000 | -460,000,000 | -279,000,000 | -430,000,000 | -100,000,000 | -100,000,000 | -25,000,000 | -205,000,000 | -591,000,000 | |||||||
purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds | 67,000,000 | -26,000,000 | 81,000,000 | 92,000,000 | -59,000,000 | 108,000,000 | 88,000,000 | 203,000,000 | 113,000,000 | 98,000,000 | -87,000,000 | 150,000,000 | 101,000,000 | 12,000,000 | -5,000,000 | -56,000,000 | 323,000,000 | 102,000,000 | -72,000,000 | -7,000,000 | 50,000,000 | 9,000,000 | -195,000,000 | -74,000,000 | 31,000,000 | 79,000,000 | ||||||
distribution to noncontrolling interest of consolidated subsidiaries | -87,000,000 | -77,000,000 | -99,000,000 | -130,000,000 | -106,000,000 | -89,000,000 | -90,000,000 | -99,000,000 | -82,000,000 | -78,000,000 | -85,000,000 | -89,000,000 | -83,000,000 | -80,000,000 | -99,000,000 | -139,000,000 | -96,000,000 | -101,000,000 | -87,000,000 | -108,000,000 | -74,000,000 | -68,000,000 | -69,000,000 | -93,000,000 | -70,000,000 | -62,000,000 | -56,000,000 | -68,000,000 | ||||
change in securities lending | 332,000,000 | -27,000,000 | -42,000,000 | 9,000,000 | 10,000,000 | -25,000,000 | 5,000,000 | 31,000,000 | ||||||||||||||||||||||||
net cash from financing activities | 1,494,000,000 | 3,052,000,000 | 8,942,000,000 | 2,228,000,000 | 2,549,000,000 | 1,583,000,000 | 3,364,000,000 | 4,945,000,000 | 2,387,000,000 | 470,000,000 | 3,394,000,000 | 2,749,000,000 | 3,588,000,000 | 1,513,000,000 | 1,108,000,000 | 1,437,000,000 | 2,330,000,000 | 1,751,000,000 | 3,994,000,000 | 4,436,000,000 | 1,498,000,000 | 5,285,000,000 | 557,000,000 | 2,334,000,000 | 992,000,000 | 4,581,000,000 | 2,294,000,000 | 838,000,000 | 594,000,000 | 529,000,000 | -542,000,000 | 1,074,000,000 |
effect of exchange rate changes on cash and cash equivalents | 1,000,000 | -6,000,000 | 28,000,000 | 13,000,000 | -28,000,000 | 21,000,000 | -3,000,000 | -10,000,000 | 25,000,000 | -18,000,000 | 6,000,000 | 10,000,000 | 34,000,000 | -38,000,000 | -41,000,000 | -11,000,000 | -3,000,000 | -14,000,000 | 1,000,000 | -2,000,000 | 22,000,000 | 12,000,000 | 2,000,000 | -13,000,000 | 16,000,000 | 1,000,000 | -3,000,000 | -3,000,000 | -14,000,000 | 8,000,000 | ||
change in cash and cash equivalents | -1,142,000,000 | -1,353,000,000 | 6,793,000,000 | 1,200,000,000 | -2,615,000,000 | -105,000,000 | -992,000,000 | 2,284,000,000 | 2,135,000,000 | -1,587,000,000 | 2,674,000,000 | 742,000,000 | 301,000,000 | -970,000,000 | -604,000,000 | 525,000,000 | 11,000,000 | -506,000,000 | -1,126,000,000 | 669,000,000 | -2,401,000,000 | 320,000,000 | -1,992,000,000 | 5,886,000,000 | -1,000,000 | -263,000,000 | -395,000,000 | 660,000,000 | -308,000,000 | -2,056,000,000 | 742,000,000 | 1,277,000,000 |
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 6,964,000,000 | 0 | 0 | 0 | 8,239,000,000 | 0 | 0 | ||||||||||||||||||||||
change in cash of businesses held-for-sale | 0 | 0 | 319,000,000 | -166,000,000 | 8,000,000 | -10,000,000 | 1,000,000 | -5,000,000 | -78,000,000 | 0 | 92,000,000 | -53,000,000 | -104,000,000 | 0 | ||||||||||||||||||
cash and cash equivalents, end of period | -1,142,000,000 | -1,353,000,000 | 6,793,000,000 | 8,164,000,000 | -2,615,000,000 | -105,000,000 | -673,000,000 | 10,357,000,000 | 2,143,000,000 | -1,597,000,000 | -263,000,000 | -395,000,000 | 5,129,000,000 | -2,056,000,000 | 742,000,000 | 6,091,000,000 | ||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||||
interest paid | ||||||||||||||||||||||||||||||||
federal | ||||||||||||||||||||||||||||||||
state | ||||||||||||||||||||||||||||||||
california | ||||||||||||||||||||||||||||||||
new jersey | ||||||||||||||||||||||||||||||||
new york | ||||||||||||||||||||||||||||||||
pennsylvania | ||||||||||||||||||||||||||||||||
other state and local | ||||||||||||||||||||||||||||||||
foreign | ||||||||||||||||||||||||||||||||
denmark | ||||||||||||||||||||||||||||||||
japan | ||||||||||||||||||||||||||||||||
luxembourg | ||||||||||||||||||||||||||||||||
puerto rico | ||||||||||||||||||||||||||||||||
united kingdom | ||||||||||||||||||||||||||||||||
taiwan | ||||||||||||||||||||||||||||||||
other foreign | ||||||||||||||||||||||||||||||||
income taxes (refunded) paid | ||||||||||||||||||||||||||||||||
non-cash transactions from investing and financing activities: | ||||||||||||||||||||||||||||||||
transfer of securities to reinsurer | 0 | |||||||||||||||||||||||||||||||
transfer of policy loans to reinsurer | 0 | |||||||||||||||||||||||||||||||
securities received in exchange for the 2029 notes | 7,000,000 | |||||||||||||||||||||||||||||||
debt issued in exchange for the 2029 notes | ||||||||||||||||||||||||||||||||
deconsolidated trading securities | ||||||||||||||||||||||||||||||||
deconsolidated redeemable noncontrolling interests | ||||||||||||||||||||||||||||||||
credit and intent to sell losses on available for sale debt securities and loans | -11,000,000 | 19,000,000 | 28,000,000 | 15,000,000 | 20,000,000 | 75,000,000 | 65,000,000 | 14,000,000 | 66,000,000 | 48,000,000 | ||||||||||||||||||||||
right-of-use assets obtained in exchange for lease obligations | 43,000,000 | 9,000,000 | 15,000,000 | 9,000,000 | 17,000,000 | 205,000,000 | 17,000,000 | 21,000,000 | 10,000,000 | 20,000,000 | 5,000,000 | 29,000,000 | 48,000,000 | 19,000,000 | 26,000,000 | 8,000,000 | 2,000,000 | 14,000,000 | ||||||||||||||
reinsurance recoverable | -255,000,000 | -307,000,000 | -254,000,000 | 14,000,000 | -251,000,000 | -375,000,000 | -365,000,000 | -305,000,000 | -345,000,000 | -456,000,000 | -260,000,000 | -209,000,000 | -261,000,000 | -376,000,000 | -319,000,000 | -62,000,000 | -617,000,000 | -79,000,000 | -85,000,000 | -24,000,000 | -179,000,000 | -113,000,000 | -76,000,000 | -5,000,000 | -47,000,000 | -18,000,000 | -283,000,000 | 72,000,000 | -12,000,000 | 32,000,000 | ||
net derivative (gains) losses | -799,000,000 | -615,000,000 | -68,000,000 | 2,546,000,000 | 3,612,000,000 | 1,478,000,000 | 6,033,000,000 | -9,401,000,000 | 1,683,000,000 | 451,000,000 | 236,000,000 | 1,630,000,000 | 281,000,000 | |||||||||||||||||||
investment (gains) losses | 14,000,000 | 346,000,000 | 65,000,000 | -182,000,000 | -585,000,000 | -21,000,000 | -201,000,000 | -65,000,000 | -30,000,000 | -199,000,000 | 12,000,000 | 11,000,000 | 131,000,000 | 35,000,000 | 22,000,000 | -102,000,000 | ||||||||||||||||
(gains) losses on businesses held-for-sale | 1,000,000 | |||||||||||||||||||||||||||||||
realized and unrealized (gains) losses on trading securities | 1,000,000 | 27,000,000 | 43,000,000 | 41,000,000 | -37,000,000 | -3,000,000 | -300,000,000 | 170,000,000 | -17,000,000 | -29,000,000 | -162,000,000 | -294,000,000 | -29,000,000 | |||||||||||||||||||
equity (income) income from limited partnerships | -28,000,000 | -20,000,000 | -22,000,000 | -107,000,000 | -97,000,000 | -46,000,000 | 38,000,000 | 22,000,000 | -25,000,000 | -26,000,000 | -28,000,000 | -13,000,000 | ||||||||||||||||||||
increase in overdrafts payable | 46,000,000 | -5,000,000 | -6,000,000 | 1,000,000 | -15,000,000 | -9,000,000 | 16,000,000 | 8,000,000 | 1,000,000 | -16,000,000 | -14,000,000 | -68,000,000 | 85,000,000 | 13,000,000 | -54,000,000 | 46,000,000 | -65,000,000 | 42,000,000 | -10,000,000 | -36,000,000 | 7,000,000 | |||||||||||
purchase of business, net of cash acquired | 0 | |||||||||||||||||||||||||||||||
cash from the sale of business, net of cash sold | 0 | 0 | ||||||||||||||||||||||||||||||
repayment of acquisition-related debt obligation | 0 | |||||||||||||||||||||||||||||||
issuance of preferred stock | 0 | 0 | 0 | 293,000,000 | 0 | |||||||||||||||||||||||||||
change in short-term financings | 255,000,000 | 0 | -751,000,000 | -8,000,000 | -8,000,000 | 2,000,000 | 41,000,000 | 112,000,000 | 91,000,000 | -81,000,000 | -103,000,000 | 185,000,000 | 105,000,000 | -383,000,000 | -59,000,000 | -98,000,000 | -6,000,000 | 148,000,000 | -117,000,000 | -1,508,000,000 | 167,000,000 | |||||||||||
transfer of assets to reinsurer | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
non-cash long-term incentive compensation expense | 18,000,000 | 24,000,000 | 17,000,000 | 182,000,000 | 42,000,000 | |||||||||||||||||||||||||||
purchases of ab holding units to fund long-term incentive compensation plan awards | -52,000,000 | -1,000,000 | -18,000,000 | -103,000,000 | -1,000,000 | -93,000,000 | -14,000,000 | -140,000,000 | -47,000,000 | -39,000,000 | -36,000,000 | -95,000,000 | -6,000,000 | -30,000,000 | -18,000,000 | -184,000,000 | ||||||||||||||||
changes in securities lending payable | 84,000,000 | |||||||||||||||||||||||||||||||
proceeds from the sale/maturity/prepayment of: | ||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the period | 4,281,000,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents, end of the period | 5,018,000,000 | |||||||||||||||||||||||||||||||
real estate joint ventures | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||
repayment of long-term debt | 0 | 0 | 0 | -280,000,000 | 0 | 202,000,000 | ||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 0 | 0 | 0 | 5,188,000,000 | 0 | 0 | 0 | 6,179,000,000 | 0 | 0 | 0 | 4,405,000,000 | 0 | 0 | 0 | 4,469,000,000 | 0 | 0 | 0 | 4,814,000,000 | ||||||||||||
cash and cash equivalents, end of year | 142,000,000 | -970,000,000 | -604,000,000 | 5,713,000,000 | -67,000,000 | -506,000,000 | -1,034,000,000 | 6,795,000,000 | -2,505,000,000 | 320,000,000 | -1,951,000,000 | 10,315,000,000 | ||||||||||||||||||||
(gains) losses on businesses hfs | -1,000,000 | |||||||||||||||||||||||||||||||
repayments of loans to affiliates | ||||||||||||||||||||||||||||||||
credit losses on afs debt securities and loans | 9,000,000 | -10,000,000 | 2,000,000 | 2,000,000 | -5,000,000 | -1,000,000 | 4,000,000 | 31,000,000 | 12,000,000 | |||||||||||||||||||||||
losses on businesses hfs | ||||||||||||||||||||||||||||||||
increase in securities sold under agreement to repurchase | 0 | 0 | 0 | -573,000,000 | -1,327,000,000 | 50,000,000 | -54,000,000 | 17,000,000 | ||||||||||||||||||||||||
non-cash pension plan restructuring | ||||||||||||||||||||||||||||||||
non-cash transactions: | ||||||||||||||||||||||||||||||||
credit losses on available-for-sale debt securities and loans | ||||||||||||||||||||||||||||||||
loss on businesses held-for-sale | 19,000,000 | 0 | ||||||||||||||||||||||||||||||
repayment of loans from affiliates | 0 | 0 | ||||||||||||||||||||||||||||||
capital contribution from parent company | ||||||||||||||||||||||||||||||||
(settlement) issuance of long-term debt | 0 | |||||||||||||||||||||||||||||||
contribution of 0.5% minority interest in axa financial, inc. | ||||||||||||||||||||||||||||||||
proceeds from the sale of business | 0 | |||||||||||||||||||||||||||||||
loss on businesses held for sale | 49,000,000 | |||||||||||||||||||||||||||||||
change in cash of businesses held for sale | 24,000,000 | |||||||||||||||||||||||||||||||
change in goodwill | ||||||||||||||||||||||||||||||||
proceeds from loans from affiliates | ||||||||||||||||||||||||||||||||
shareholder dividends paid | ||||||||||||||||||||||||||||||||
purchase of shares in consolidated subsidiaries | ||||||||||||||||||||||||||||||||
short-term investments | 398,000,000 | 819,000,000 | 794,000,000 | |||||||||||||||||||||||||||||
cash contribution from parent company | ||||||||||||||||||||||||||||||||
shareholder dividend paid | -74,000,000 | -73,000,000 | -68,000,000 | -73,000,000 | 0 | -15,000,000 | ||||||||||||||||||||||||||
purchase of ab units by holdings | 0 | |||||||||||||||||||||||||||||||
cash paid to repurchase common stock | -37,000,000 | -6,000,000 | -744,000,000 | |||||||||||||||||||||||||||||
repurchase of ab holding units from noncontrolling interest | -10,000,000 | |||||||||||||||||||||||||||||||
non-cash transactions during the period: | ||||||||||||||||||||||||||||||||
contribution of 0.5% minority interest in axa financial | 0 | |||||||||||||||||||||||||||||||
real estate held for the production of income | ||||||||||||||||||||||||||||||||
real estate | ||||||||||||||||||||||||||||||||
issuance of loans to affiliates | ||||||||||||||||||||||||||||||||
increase in securities purchased under agreement to resell | ||||||||||||||||||||||||||||||||
(income) loss related to derivative instruments | 1,934,000,000 | |||||||||||||||||||||||||||||||
non-cash pension restructuring | 4,000,000 | -1,000,000 | 102,000,000 | |||||||||||||||||||||||||||||
amortization of deferred cost of reinsurance asset | 8,000,000 | 5,000,000 | 5,000,000 | |||||||||||||||||||||||||||||
amortization of deferred sales commission | 4,000,000 | 6,000,000 | 7,000,000 | |||||||||||||||||||||||||||||
other depreciation and amortization | -25,000,000 | -12,000,000 | -20,000,000 | |||||||||||||||||||||||||||||
changes in goodwill | ||||||||||||||||||||||||||||||||
distribution from joint ventures and limited partnerships | 19,000,000 | 19,000,000 | 25,000,000 | |||||||||||||||||||||||||||||
deferred policy acquisition costs | -352,000,000 | -1,000,000 | 15,000,000 | |||||||||||||||||||||||||||||
fixed maturities, available for sale | 1,169,000,000 | 2,019,000,000 | 4,288,000,000 | |||||||||||||||||||||||||||||
decrease in loans to affiliates | 0 | 884,000,000 | 346,000,000 | |||||||||||||||||||||||||||||
change in short-term investments | -938,000,000 | 294,000,000 | 876,000,000 | |||||||||||||||||||||||||||||
transfer (to) from separate accounts | -28,000,000 | -205,000,000 | -102,000,000 | |||||||||||||||||||||||||||||
cash contribution from parent | 0 | 0 | 8,000,000 | |||||||||||||||||||||||||||||
redemption of noncontrolling interests of consolidated vies | -3,000,000 | |||||||||||||||||||||||||||||||
distribution to noncontrolling interests in consolidated subsidiaries | -68,000,000 | -81,000,000 | -135,000,000 | |||||||||||||||||||||||||||||
non-cash transactions during the period | ||||||||||||||||||||||||||||||||
capital contribution from parent | -8,000,000 | 0 | 630,000,000 | |||||||||||||||||||||||||||||
realized and unrealized gains on trading securities | 117,000,000 | 120,000,000 | ||||||||||||||||||||||||||||||
amortization of deferred compensation | 12,000,000 | |||||||||||||||||||||||||||||||
repurchase of ab holding units | -1,000,000 | |||||||||||||||||||||||||||||||
redemptions of non-controlling interests of consolidated vies | 373,000,000 | |||||||||||||||||||||||||||||||
increase in loans from affiliates | -470,000,000 | |||||||||||||||||||||||||||||||
contribution of 0.5% minority interest in axf | 65,000,000 |
