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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income (loss) $ 252 $ 367
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 (70) 6
Trading securities purchases, sales and maturities, net (1,209) 39
Change in premiums and fees receivable (37) (84)
Change in accrued investment income (65) (59)
Change in future contract benefits and other contract holder funds (348) (104)
Change in reinsurance related assets and liabilities (299) (113)
Change in accrued expenses (56) (41)
Change in federal income tax accruals 16 68
Realized (gain) loss 362 (12)
Amortization of deferred gain on business sold through reinsurance (8)
Other 131 73
Net cash provided by (used in) operating activities (1,331) 140
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (4,404) (2,020)
Sales of available-for-sale securities and equity securities 2,381 427
Maturities of available-for-sale securities 1,456 1,368
Purchases of alternative investments (174) (63)
Sales and repayments of alternative investments 32 31
Issuance of mortgage loans on real estate (1,103) (546)
Repayment and maturities of mortgage loans on real estate 242 261
Issuance and repayment of policy loans, net 11 11
Net change in collateral on investments, derivatives and related settlements 488 (32)
Other (62) (32)
Net cash provided by (used in) investing activities (1,133) (595)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities   (487)
Issuance of long-term debt, net of issuance costs   1,094
Payment related to early extinguishment of debt   (23)
Deposits of fixed account values, including the fixed portion of variable 4,042 2,765
Withdrawals of fixed account values, including the fixed portion of variable (1,570) (1,498)
Transfers to and from separate accounts, net (507) (686)
Common stock issued for benefit plans (26) (9)
Repurchase of common stock (150)  
Dividends paid to common stockholders (77) (72)
Net cash provided by (used in) financing activities 1,712 1,084
Net increase (decrease) in cash, invested cash and restricted cash (752) 629
Cash, invested cash and restricted cash as of beginning-of-year 2,345 1,628
Cash, invested cash and restricted cash as of end-of-period $ 1,593 $ 2,257