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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (133) $ 760
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 1,474 1,178
Policy charges and fee income (1,262) (1,231)
Net derivative (gains) losses 575 1,584
Credit and intent to sell losses on available for sale debt securities and loans 54 35
Investment (gains) losses, net 31 20
(Gains) losses on businesses held-for-sale 0 (135)
Realized and unrealized (gains) losses on trading securities (39) (43)
Income (Loss) due to Novation in Pre-Tax Net Income 499 0
AB Retirement plan losses 21 0
Non-cash long term incentive compensation expense 48 53
Amortization and depreciation 433 434
Remeasurement of liability for future policy benefits (15) (2)
Change in market risk benefits 66 (1,220)
Equity (income) loss from limited partnerships (87) (58)
Changes in:    
Net broker-dealer and customer related receivables/payables (26) (168)
Reinsurance recoverable (562) (628)
Segregated cash and securities, net 17 276
Capitalization of deferred policy acquisition costs (574) (561)
Future policy benefits 201 275
Current and deferred income taxes (129) 149
Other, net (93) 205
Net cash provided by (used in) operating activities 499 923
Proceeds from the sale/maturity/pre-payment of:    
Fixed maturities, available-for-sale 9,368 5,284
Fixed maturities, at fair value using the fair value option 299 399
Mortgage loans on real estate 664 460
Trading account securities 269 512
Short term investments 132 571
Other 283 331
Payment for the purchase/origination of:    
Fixed maturities, available-for-sale (11,576) (10,523)
Fixed maturities, at fair value using the fair value option (709) (426)
Mortgage loans on real estate (2,103) (1,148)
Trading account securities (395) (1,446)
Short term investments (99) (384)
Other (83) (473)
Cash settlements related to derivative instruments, net 571 (1,438)
Investment in capitalized software, leasehold improvements and EDP equipment (17) (99)
Other, net (321) 453
Net cash provided by (used in) investing activities (3,717) (7,927)
Policyholders’ account balances:    
Deposits 14,931 9,033
Withdrawals (4,637) (4,719)
Transfers (to) from Separate Accounts 932 832
Payments of market risk benefits (366) (376)
Repayment of short-term financings 0 (254)
Change in collateralized pledged assets 17 (75)
Change in collateralized pledged liabilities 1,298 4,829
Issuance of long-term debt 495 0
Repayments of Senior Debt 0 (565)
Proceeds from collateralized loan obligations 46 0
Repayment of collateralized loan obligations (38) 0
Proceeds from notes issued by consolidated VIEs 1,203 176
Repayment of notes issued by consolidated VIEs (839) 0
Dividends paid on common stock (156) (151)
Dividends paid on preferred stock (32) (40)
Redemption of preferred stock (279) 0
Purchase of AllianceBernstein Units (758) 0
Purchase of AB Holding Units to fund long-term incentive compensation plan awards, net (44) (34)
Purchase of treasury shares (497) (500)
Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds 173 291
Distribution to noncontrolling interest of consolidated subsidiaries (229) (189)
Change in securities lending (33) 36
Other, net (17) 15
Net cash provided by (used in) financing activities 11,170 8,309
Effect of exchange rate changes on cash and cash equivalents 41 (13)
Change in cash and cash equivalents 7,993 1,292
Cash and cash equivalents, beginning of period 6,964 8,239
Change in cash of businesses held-for-sale 0 153
Cash and cash equivalents, end of period 14,957 9,684
Non-cash transactions from investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations $ 24 $ 222