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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income (loss) $ 886 $ 1,641 $ 2,079
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Trading securities purchases, sales and maturities, net (2,510) (118) 121
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (409) (81) 16
Change in premiums and fees receivable 105 (87) 34
Change in accrued investment income (29) (17) (16)
Change in future contract benefits and other contract holder funds (1,479) (105) (1,720)
Change in reinsurance related assets and liabilities (134) 718 128
Change in accrued expenses 107 (101) 113
Change in federal income tax accruals (227) 154 (1,119)
Realized (gain) loss 610 (141) 170
Amortization of deferred gain on business sold through reinsurance (31) (9) (23)
Impairment of intangibles     905
Other 425 89 100
Net cash provided by (used in) operating activities (2,686) 1,943 788
Cash Flows from Investing Activities      
Purchases of available-for-sale securities and equity securities (15,326) (12,650) (10,148)
Sales of available-for-sale securities and equity securities 6,807 3,668 1,612
Maturities of available-for-sale securities 6,571 6,004 5,886
Purchase of common stock in acquisition, net of cash acquired   (1,410)  
Sale of business, net   (12)  
Purchases of alternative investments (433) (314) (357)
Sales and repayments of alternative investments 131 178 184
Issuance of mortgage loans on real estate (4,262) (2,927) (2,058)
Repayment and maturities of mortgage loans on real estate 1,163 1,085 1,184
Issuance and repayment of policy loans, net 32 21 51
Net change in collateral on investments, derivatives and related settlements 79 735 (429)
Other (261) (193) (113)
Net cash provided by (used in) investing activities (5,499) (5,815) (4,188)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities (308) (537)  
Issuance of long-term debt, net of issuance costs 744 1,094  
Payment related to early extinguishment of debt (42) (23)  
Proceeds from sale-leaseback transactions   88 62
Payments related to sale-leaseback transactions (83)    
Proceeds from certain financing arrangements 107    
Deposits of fixed account values, including the fixed portion of variable 16,069 13,638 10,797
Withdrawals of fixed account values, including the fixed portion of variable (5,849) (6,007) (5,825)
Transfers to and from separate accounts, net (1,362) (2,469) (1,787)
Common stock issued for benefit plans (20) (6) 46
Repurchase of common stock (550) (900) (725)
Dividends paid to common stockholders (303) (289) (262)
Net cash provided by (used in) financing activities 8,403 4,589 2,306
Net increase (decrease) in cash, invested cash and restricted cash 218 717 (1,094)
Cash, invested cash and restricted cash as of beginning-of-year 2,345 1,628 2,722
Cash, invested cash and restricted cash as of end-of-year $ 2,563 $ 2,345 $ 1,628