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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2018
May 31, 2018
Sep. 30, 2017
Operating Activities      
Net Income (Loss) $ 124 $ 94 $ 270
Adjustments to reconcile net income to net cash provided by operating activities      
Net realized capital losses (gains) 132 107 61
Recognition of Deferred Revenue (22) 0 0
Amortization of DAC and VOBA (9) 16 25
Additions to deferred policy acquisition costs 0 (1) (2)
Depreciation and amortization 21 (1) 27
Other operating activities, net 9 131 132
Change in assets and liabilities:      
(Increase) decrease in reinsurance recoverables (1,309) (2) 75
Increase (decrease) in accrued deferred income taxes (15) 274 (36)
Increase in unpaid losses and loss adjustment expenses, reserve for future policy benefits (259) 45 141
Net change in other assets and other liabilities 148 (60) (81)
Net Cash Provided by (Used in) Operating Activities (1,136) 603 612
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities, available-for-sale 1,592 4,397 7,619
Fixed maturities, fair value option 13 5 46
Equity securities, fair value 58 49 0
Equity securities, available-for-sale 0 0 178
Mortgage loans 48 116 314
Partnerships 42 188 81
Payments for the purchase of:      
Fixed maturities, available-for-sale (1,338) (2,447) (7,106)
Equity securities, fair value (3) (25) 0
Equity securities, available-for-sale 0 0 (182)
Mortgage loans (268) (86) (389)
Payment for repurchase agreements program (17)    
Partnerships (47) (80) (163)
Change in derivatives, net (116) (200) (98)
Payments for (Proceeds from) Policy Loans 33 (26) 27
Net additions to property and equipment 0   (15)
Proceeds from Sale of Property, Plant, and Equipment   44  
Payments for (proceeds from) short-term investments 1,446 (1,494) (59)
Other investing activities, net (9) 22 13
Net cash provided by (used in) investing activities 1,434 463 266
Financing Activities      
Deposits and other additions to investment and universal life-type contracts 1,283 1,782 3,586
Withdrawals and other deductions from investment and universal life-type contracts (6,807) (9,206) (10,580)
Net transfers from separate accounts related to investment and universal life-type contracts (5,178) (6,999) (6,080)
Net increase (decrease) in securities loaned or sold under agreements to repurchase 0 (406) 331
Payments of Capital Distribution 0 (517) (598)
Net repayments at maturity or settlement of consumer notes 0 (8) (12)
Net cash used for financing activities (346) (1,356) (1,193)
Cash, Period Increase (Decrease) (48) (290) (315)
Cash - beginning of period 247 537 554
Cash - end of period 199 247 239
Supplemental Disclosure of Cash Flow Information      
Income taxes received (paid) $ 0 $ 271 $ 24