Aflac 2009 Annual Report Download - page 55

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Consolidated Balance Sheets Aac Incorporated and Subsidiaries
(In millions, except for share and per-share amounts) December 31, 2009 2008
Assets:
Investments and cash:
Securities available for sale, at fair value:
Fixed maturities (amortized cost $37,633 in 2009 and $36,034 in 2008) $ 36,781 $ 35,012
Perpetual securities (amortized cost $7,554 in 2009 and $9,074 in 2008) 7,263 8,047
Equity securities (cost $22 in 2009 and $24 in 2008) 24 27
Securities held to maturity, at amortized cost:
Fixed maturities (fair value $25,828 in 2009 and $23,084 in 2008) 26,687 24,436
Other investments 114 87
Cash and cash equivalents 2,323 941
Total investments and cash 73,192 68,550
Receivables 764 920
Accrued investment income 649 650
Deferred policy acquisition costs 8,533 8,237
Property and equipment, at cost less accumulated depreciation 593 597
Other 375 377
Total assets $ 84,106 $ 79,331
Liabilities and shareholders’ equity:
Liabilities:
Policy liabilities:
Future policy benefits $ 61,501 $ 59,310
Unpaid policy claims 3,270 3,118
Unearned premiums 926 874
Other policyholders’ funds 3,548 2,917
Total policy liabilities 69,245 66,219
Notes payable 2,599 1,721
Income taxes 1,653 1,201
Payables for return of cash collateral on loaned securities 483 1,733
Other 1,709 1,818
Commitments and contingent liabilities (Note 13)
Total liabilities 75,689 72,692
Shareholders’ equity:
Common stock of $.10 par value. In thousands: authorized 1,900,000 shares in
2009 and 2008; issued 661,209 shares in 2009 and 660,035 shares in 2008 66 66
Additional paid-in capital 1,228 1,184
Retained earnings 12,410 11,306
Accumulated other comprehensive income:
Unrealized foreign currency translation gains 776 750
Unrealized gains (losses) on investment securities:
Unrealized gains (losses) on securities not other-than-temporarily impaired (624) (1,211)
Unrealized gains (losses) on other-than-temporarily impaired securities (16) –
Total unrealized gains (losses) on investment securities (640) (1,211)
Pension liability adjustment (107) (121)
Treasury stock, at average cost (5,316) (5,335)
Total shareholders’ equity 8,417 6,639
Total liabilities and shareholders’ equity $ 84,106 $ 79,331
See the accompanying Notes to the Consolidated Financial Statements.
Aflac Annual Report for 2009 51