XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net Income (Loss) $ 125 $ 75
Adjustments to reconcile net income to net cash provided by operating activities    
Net realized capital losses (gains) (21) 46
Amortization of deferred policy acquisition costs 11 8
Additions to deferred policy acquisition costs 0 (1)
Depreciation and amortization 4 6
Other operating activities, net 126 37
Change in assets and liabilities:    
(Increase) decrease in reinsurance recoverables 3 17
Increase (decrease) in accrued deferred income taxes 15 72
Increase in unpaid losses and loss adjustment expenses, reserve for future policy benefits 4 62
Net change in other assets and other liabilities 0 20
Net Cash Provided by (Used in) Operating Activities 267 342
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 1,605 2,929
Fixed maturities, fair value option 3 19
Equity securities, fair value 31 0
Equity securities, available-for-sale 0 44
Mortgage loans 98 128
Partnerships 50 38
Payments for the purchase of:    
Fixed maturities, available-for-sale (1,212) (3,068)
Equity securities, fair value (7) 0
Equity securities, available-for-sale   (161)
Mortgage loans (63) (41)
Partnerships (44) (31)
Change in derivatives, net (156) (51)
Payments for (Proceeds from) Policy Loans (46) 2
Net additions to property and equipment (1) 0
Payments for (proceeds from) short-term investments (460) (289)
Other investing activities, net 15 14
Net cash provided by (used in) investing activities (187) (467)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 1,354 1,385
Withdrawals and other deductions from investment and universal life-type contracts 7,472 3,749
Net transfers from separate accounts related to investment and universal life-type contracts 5,918 2,057
Net increase (decrease) in securities loaned or sold under agreements to repurchase (136) 419
Payments of Capital Distribution   (298)
Net repayments at maturity or settlement of consumer notes (4) (7)
Net cash used for financing activities (340) (193)
Cash, Period Increase (Decrease) (260) (318)
Cash - beginning of period 537 554
Cash - end of period 277 236
Supplemental Disclosure of Cash Flow Information    
Income taxes received (paid) $ 0 $ 56