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Aflac Incorporated and Subsidiaries
Consolidated Balance Sheets
December 31,
(In millions)
2016
2015
Assets:
Investments and cash:
Securities available for sale, at fair value:
Fixed maturities (amortized cost $62,195 in 2016 and $56,903 in 2015)
$ 68,778
$ 60,795
Fixed maturities - consolidated variable interest entities (amortized
cost $4,168 in 2016 and $3,739 in 2015)
4,982
4,554
Perpetual securities (amortized cost $1,269 in 2016 and $1,586 in 2015)
1,425
1,719
Perpetual securities - consolidated variable interest entities
(amortized cost $237 in 2016 and $255 in 2015)
208
228
Equity securities (cost $231 in 2016 and $117 in 2015)
265
135
Equity securities - consolidated variable interest entities
(cost $972 in 2016 and $363 in 2015)
1,044
363
Securities held to maturity, at amortized cost:
Fixed maturities (fair value $40,021 in 2016 and $37,520 in 2015)
33,350
33,459
Other investments
1,450
(1)
294
Cash and cash equivalents
4,859
4,350
Total investments and cash
116,361
105,897
Receivables
669
705
Accrued investment income
754
768
Deferred policy acquisition costs
8,993
8,511
Property and equipment, at cost less accumulated depreciation
433
427
Other
(2)
2,609
1,948
Total assets
$ 129,819
$ 118,256
(1)
Includes $819 in 2016 of loan receivables from consolidated variable interest entities
(2)
Includes $127 in 2016 and $102 in 2015 of derivatives from consolidated variable interest entities
Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2016 related to debt issuance costs.
See the accompanying Notes to the Consolidated Financial Statements.
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