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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]    
Net income (loss) $ 639 $ (1,400)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 315 291
Policy charges and fee income (840) (949)
Net derivative (gains) losses (821) 2,546
Credit losses on AFS debt securities and loans (10) (1)
Investment (gains) losses, net 336 (182)
(Gains) losses on businesses HFS 0 (1)
Realized and unrealized (gains) losses on trading securities 92 41
Non-cash long term incentive compensation expense 38 41
Amortization and depreciation 180 153
Equity (income) loss from limited partnerships (71) (107)
Changes in:    
Net broker-dealer and customer related receivables/payables 11 (328)
Reinsurance recoverable (376) (79)
Segregated cash and securities, net (189) 341
Capitalization of deferred policy acquisition costs (209) (186)
Future policy benefits 180 60
Current and deferred income taxes 93 (429)
Other, net (98) 175
Net cash provided by (used in) operating activities (730) (14)
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 8,651 9,257
Fixed maturities, at fair value using the fair value option 252 109
Mortgage loans on real estate 280 245
Trading account securities 45 799
Real estate joint ventures 0 0
Short term investments 6 18
Other 167 775
Payment for the purchase/origination of:    
Fixed maturities, available-for-sale (9,198) (10,240)
Fixed maturities, at fair value using the fair value option (254) (322)
Mortgage loans on real estate (688) (352)
Trading account securities (44) (70)
Short term investments (304) (5)
Other 569 (1,157)
Cash settlements related to derivative instruments 230 (2,973)
Investment in capitalized software, leasehold improvements and EDP equipment 1 (23)
Other, net 116 188
Net cash provided by (used in) investing activities (171) (3,751)
Cash flows from financing activities:    
Deposits 3,228 7,236
Withdrawals (2,257) (1,467)
Transfers (to) from Separate Accounts 454 497
Change in short-term financings 112 185
Change in collateralized pledged assets (40) (1,392)
Change in collateralized pledged liabilities 545 96
(Decrease) increase in overdrafts payable (15) 1
Repayment of long-term debt 0 (280)
Proceeds from notes issued by consolidated VIEs (11) 11
Dividends paid on common stock (70) (74)
Dividends paid on preferred stock (14) (13)
Issuance of preferred stock 0 293
Purchases of AB Holding Units to fund long-term incentive compensation plan awards (14) (36)
Purchase of treasury shares (279) (430)
Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds (56) (7)
Distribution to noncontrolling interest of consolidated subsidiaries (139) (108)
Increase (decrease) in securities sold under agreement to repurchase 0 0
Other, net (7) (76)
Net cash provided by (used in) financing activities 1,437 4,436
Effect of exchange rate changes on cash and cash equivalents (11) (2)
Change in cash and cash equivalents 525 669
Cash and cash equivalents, beginning of year 5,188 6,179
Change in cash of businesses held-for-sale 0 (53)
Cash and cash equivalents, end of year 5,713 6,795
Non-cash transactions from investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations $ 29 $ 26