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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 1,237 $ 1,309 $ 778
Adjustments to reconcile net income to net cash provided by operating activities:      
Net realized investment losses (gains), including other-than-temporary impairment losses 340 (12) 111
Interest credited to policyholder account values 978 1,844 1,406
Capitalization of deferred policy acquisition costs (942) (923) (823)
Amortization of deferred policy acquisition costs 423 392 433
Amortization and depreciation 183 99 81
Future policy benefits and claims (840) (934) (680)
Derivatives, net 272 (486) (247)
Other, net (5) (319) (77)
Net cash provided by operating activities 1,646 970 982
Cash flows from investing activities      
Proceeds from maturities of available-for-sale securities 4,528 4,471 3,007
Proceeds from sales of available-for-sale securities 407 1,857 852
Purchases of available-for-sale securities (10,821) (11,648) (8,938)
Proceeds from repayments and sales of mortgage loans 699 651 792
Issuances of mortgage loans (1,988) (1,807) (2,163)
Net (purchases) sales of short-term investments (486) 543 (1,174)
Collateral received, net (563) 378 217
Purchase of Jefferson National Financial Corp, net of cash assumed   (186)  
Other, net (244) (355) (231)
Net cash used in investing activities (8,468) (6,096) (7,638)
Cash flows from financing activities      
Net proceeds (repayments) from short-term debt 407 (300) (100)
Investment and universal life insurance product deposits 10,919 10,442 10,894
Investment and universal life insurance product withdrawals (5,639) (5,034) (4,132)
Proceeds from Nationwide Trust Company, FSB for funding agreement transfer 772    
Capital contribution from Nationwide Financial Services, Inc. 435    
Other, net (35) 21 19
Net cash provided by financing activities 6,859 5,129 6,681
Net increase in cash and cash equivalents 37 3 25
Cash and cash equivalents at beginning of year 95 92 67
Cash and cash equivalents at end of year $ 132 $ 95 $ 92