v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $89,966 and $82,106) (allowance for credit losses of $10 and $0) $ 81,216 $ 77,162
Fixed maturities, at fair value using the fair value option [1] 3,333 2,943
Mortgage loans on real estate (net of allowance for credit losses of $378 and $313) [1] 24,596 22,668
Mortgage loans, at fair value using the fair value option 71 50
Policy loans 1,845 1,862
Other Equity Investments [1] 3,747 3,779
Trading securities, at fair value 1,911 1,572
Other Invested assets [1] 10,934 10,968
Total investments 127,653 121,004
Cash and cash equivalents [1] 17,527 12,462
Cash and securities segregated, at fair value 579 499
Broker-dealer related receivables 2,371 2,162
Deferred policy acquisition costs 7,686 7,523
Goodwill and other intangible assets, net 5,317 5,309
Amounts due from reinsurers (allowance for credit losses of $6 and $7) 21,137 20,127
Current and deferred income taxes 3,269 2,577
Purchased market risk benefits 4,190 5,260
Other assets [1] 3,815 3,771
Assets for market risk benefits 1,303 752
Separate Accounts assets 139,161 136,544
Total Assets 334,008 317,990
LIABILITIES    
Policyholders’ account balances 150,483 133,433
Liability for market risk benefits 7,705 10,153
Future policy benefits and other policyholders’ liabilities 16,949 17,660
Broker-dealer related payables 905 1,370
Customer related payables 2,153 1,937
Amounts due to reinsurers 1,199 1,542
Short-term debt 0 25
Long-term debt 3,841 3,835
Notes issued by consolidated variable interest entities, at fair value using the fair value option [1] 3,485 2,702
Other liabilities [1] 7,883 7,001
Separate Accounts liabilities 139,161 136,544
Total Liabilities 333,764 316,202
Redeemable noncontrolling interest [1],[2] 425 322
Commitments and contingent liabilities [3]
Equity attributable to Holdings:    
Preferred stock and additional paid-in capital, $1 par value and $25,000 liquidation preference 1,068 1,068
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 466,227,784 and 468,341,734 shares issued, respectively; 268,492,237 and 283,358,187 shares outstanding, respectively 5 5
Additional paid-in capital 1,955 1,932
Treasury stock, at cost, 197,735,547 and 184,983,547 shares, respectively (5,799) (5,165)
Retained earnings 9,254 8,366
Accumulated other comprehensive income (loss) (8,286) (6,280)
Total equity attributable to Holdings (1,803) (74)
Noncontrolling interest 1,622 1,540
Total Equity (181) 1,466
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 334,008 $ 317,990
[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.