Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2020

Supplemental Cash Flow Information [Abstract]

Non-cash investing activities include $5 million, $67 million and $43 million related to mergers and exchanges completed with equity securities, fixed income securities and limited partnerships, and modifications of certain mortgage loans and other investments in 2020, 2019 and 2018, respectively. Non-cash investing activities also include transfers of invested assets related to a coinsurance reinsurance agreement with Allstate Assurance Company (“AAC”) (see Note 4).

Liabilities for collateral received in conjunction with the Company’s securities lending program were $331 million, $522 million and $517 million as of December 31, 2020, 2019 and 2018, respectively, and are reported in other liabilities and accrued expenses. Obligations to return cash collateral for over-the-counter (“OTC”) and cleared derivatives were $3 million, $8 million and $8 million as of December 31, 2020, 2019 and 2018, respectively, and are reported in other liabilities and accrued expenses or other investments.

The accompanying cash flows are included in cash flows from operating activities in the Consolidated Statements of Cash Flows along with the activities resulting from management of the proceeds, which for the years ended December 31 are as follows:


($ in millions)	2020		2019		2018
Net change in proceeds managed
Net change in fixed income securities	$	—	$	28	$	94
Net change in short-term investments	196		(33)		(77)
Operating cash flow provided (used)	196		(5)		17
Net change in cash	—		—		—
Net change in proceeds managed	$	196	$	(5)	$	17

Net change in liabilities
Liabilities for collateral, beginning of year	$	(530)	$	(525)	$	(542)
Liabilities for collateral, end of year	(334)		(530)		(525)
Operating cash flow (used) provided	$	(196)	$	5	$	(17)