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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net income (loss) $ 1,264 $ 1,002
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 38 183
Trading securities purchases, sales and maturities, net 83 128
Change in premiums and fees receivable 60 21
Change in accrued investment income (75) (47)
Change in future contract benefits and other contract holder funds (1,152) (807)
Change in reinsurance related assets and liabilities 80 (276)
Change in accrued expenses (21) (124)
Change in federal income tax accruals 154 143
Realized (gain) loss 105 121
Amortization of deferred gain on business sold through reinsurance (22) (55)
Other 95 391
Net cash provided by (used in) operating activities 609 680
Cash Flows from Investing Activities    
Purchases of available-for-sale securities (7,465) (8,278)
Sales of available-for-sale securities 1,104 2,411
Maturities of available-for-sale securities 4,100 4,001
Purchases of alternative investments (228) (222)
Sales and repayments of alternative investments 140 173
Issuance of mortgage loans on real estate (1,342) (1,402)
Repayment and maturities of mortgage loans on real estate 849 649
Issuance and repayment of policy loans, net 34 72
Net change in collateral on investments and derivatives 90 1,064
Other (66) (80)
Net cash provided by (used in) investing activities (2,784) (1,612)
Cash Flows from Financing Activities    
Proceeds from sales leaseback transaction 45  
Deposits of fixed account values, including the fixed portion of variable 7,625 7,432
Withdrawals of fixed account values, including the fixed portion of variable (4,309) (4,138)
Transfers to and from separate accounts, net (1,183) (1,200)
Common stock issued for benefit plans 38 (9)
Repurchase of common stock (600) (675)
Dividends paid to common stockholders (198) (180)
Net cash provided by (used in) financing activities 1,418 1,230
Net increase (decrease) in cash and invested cash (757) 298
Cash and invested cash as of beginning-of-year 2,722 3,146
Cash and invested cash as of end-of-period $ 1,965 $ 3,444