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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income (loss) $ 2,079 $ 1,192 $ 1,154
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 16 143 (119)
Trading securities purchases, sales and maturities, net 121 168 146
Change in premiums and fees receivable 34 (54) 97
Change in accrued investment income (16) 8 (21)
Change in future contract benefits and other contract holder funds (1,720) (1,024) 991
Change in reinsurance related assets and liabilities 128 226 (252)
Change in federal income tax accruals (1,119) 69 61
Realized (gain) loss 170 339 151
Amortization of deferred gain on business sold through reinsurance (23) (73) (74)
Impairment of intangibles 905    
Other 213 278 109
Net cash provided by (used in) operating activities 788 1,272 2,243
Cash Flows from Investing Activities      
Purchases of available-for-sale securities (10,148) (11,113) (9,429)
Sales of available-for-sale securities 1,612 2,959 1,351
Maturities of available-for-sale securities 5,886 5,364 4,408
Purchases of alternative investments (357) (302) (324)
Sales and repayments of alternative investments 184 238 177
Issuance of mortgage loans on real estate (2,058) (2,155) (1,959)
Repayment and maturities of mortgage loans on real estate 1,184 942 853
Issuance and repayment of policy loans, net 51 92 125
Net change in collateral on investments and derivatives (429) 415 578
Proceeds from sale of subsidiary/business     75
Other (113) (106) (78)
Net cash provided by (used in) investing activities (4,188) (3,666) (4,223)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities   (600) (250)
Issuance of long-term debt, net of issuance costs   395 298
Payment related to early extinguishment of debt   (59)  
Proceeds from sales leaseback transaction 62 85 47
Deposits of fixed account values, including the fixed portion of variable 10,797 10,053 10,769
Withdrawals of fixed account values, including the fixed portion of variable (5,825) (5,505) (6,126)
Transfers to and from separate accounts, net (1,787) (1,308) (2,474)
Common stock issued for benefit plans 46 26 47
Repurchase of common stock (725) (879) (900)
Dividends paid to common stockholders (262) (238) (204)
Net cash provided by (used in) financing activities 2,306 1,970 1,207
Net increase (decrease) in cash and invested cash (1,094) (424) (773)
Cash and invested cash as of beginning-of-year 2,722 3,146 3,919
Cash and invested cash as of end-of-year $ 1,628 $ 2,722 $ 3,146