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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net income (loss) $ 435 $ 211
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 15 5
Trading securities purchases, sales and maturities, net 23 28
Change in premiums and fees receivable (35) (25)
Change in accrued investment income (62) (38)
Change in future contract benefits and other contract holder funds (281) 262
Change in reinsurance related assets and liabilities (13) (286)
Change in federal income tax accruals 40 (38)
Realized (gain) loss 39 114
Amortization of deferred gain on business sold through reinsurance (18) (18)
Other (34) 83
Net cash provided by (used in) operating activities 109 298
Cash Flows from Investing Activities    
Purchases of available-for-sale securities (3,158) (3,291)
Sales of available-for-sale securities 503 1,502
Maturities of available-for-sale securities 1,298 1,269
Purchases of alternative investments (53) (71)
Sales and repayments of alternative investments 53 32
Issuance of mortgage loans on real estate (341) (421)
Repayment and maturities of mortgage loans on real estate 229 182
Issuance and repayment of policy loans, net 18 11
Net change in collateral on investments and derivatives (32) 106
Other (16) (26)
Net cash provided by (used in) investing activities (1,499) (707)
Cash Flows from Financing Activities    
Deposits of fixed account values, including the fixed portion of variable 2,713 2,672
Withdrawals of fixed account values, including the fixed portion of variable (1,530) (1,413)
Transfers to and from separate accounts, net (356) (549)
Common stock issued for benefit plans and excess tax benefits 29 (10)
Repurchase of common stock (200) (200)
Dividends paid to common stockholders (65) (60)
Net cash provided by (used in) financing activities 591 440
Net increase (decrease) in cash and invested cash (799) 31
Cash and invested cash as of beginning-of-year 2,722 3,146
Cash and invested cash as of end-of-year $ 1,923 $ 3,177