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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net Income (Loss) $ 32 $ 125
Adjustments to reconcile net income to net cash provided by operating activities    
Net realized capital losses (gains) 193 (21)
Recognition of Deferred Revenue (15) 0
Amortization of DAC and VOBA (43) 11
Depreciation and amortization 11 4
Other operating activities, net (139) 126
Change in assets and liabilities:    
(Increase) decrease in reinsurance recoverables 289 3
Increase (decrease) in accrued deferred income taxes 93 15
Increase in unpaid losses and loss adjustment expenses, reserve for future policy benefits (241) 4
Net change in other assets and other liabilities 202 0
Net Cash Provided by (Used in) Operating Activities 382 267
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 1,112 1,605
Fixed maturities, fair value option 1 3
Equity securities, fair value 14 31
Mortgage loans 20 98
Partnerships 22 50
Payments for the purchase of:    
Fixed maturities, available-for-sale (853) (1,212)
Equity securities, fair value (2) (7)
Mortgage loans (13) (63)
Partnerships (24) (44)
Payment to Acquire Repurchase Agreements (7) 0
Change in derivatives, net (52) (156)
Payments for (Proceeds from) Policy Loans (11) (46)
Net additions to property and equipment 0 (1)
Payments for (proceeds from) short-term investments (349) (460)
Other investing activities, net 0 15
Net cash provided by (used in) investing activities (142) (187)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 680 1,354
Withdrawals and other deductions from investment and universal life-type contracts (2,958) (7,472)
Net transfers from separate accounts related to investment and universal life-type contracts (1,890) (5,918)
Net increase (decrease) in securities loaned or sold under agreements to repurchase 29 (136)
Net repayments at maturity or settlement of consumer notes 0 (4)
Net cash used for financing activities (359) (340)
Foreign exchange rate effect on cash 2 0
Cash, Period Increase (Decrease) (117) (260)
Cash - beginning of period 221 537
Cash - end of period $ 104 $ 277