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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income (loss) $ 52 $ 252
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 24 362
Trading securities purchases, sales and maturities, net 235 (1,209)
Amortization of deferred gain on business sold through reinsurance (11) (8)
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (169) (70)
Change in premiums and fees receivable (97) (37)
Change in accrued investment income (37) (65)
Change in future contract benefits and other contract holder funds 1,389 (348)
Change in reinsurance related assets and liabilities (653) (299)
Change in accrued expenses (317) (56)
Change in federal income tax accruals (18) 16
Other 57 131
Net cash provided by (used in) operating activities 455 (1,331)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (3,590) (4,404)
Sales of available-for-sale securities and equity securities 395 2,381
Maturities of available-for-sale securities 1,317 1,456
Purchases of alternative investments (79) (174)
Sales and repayments of alternative investments 55 32
Issuance of mortgage loans on real estate (839) (1,103)
Repayment and maturities of mortgage loans on real estate 227 242
Issuance (repayment) of policy loans, net (94) 11
Net change in collateral on investments, derivatives and related settlements 3,411 488
Other (61) (62)
Net cash provided by (used in) investing activities 742 (1,133)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities (300)  
Issuance of long-term debt, net of issuance costs 499  
Deposits of fixed account values, including the fixed portion of variable 3,917 4,042
Withdrawals of fixed account values, including the fixed portion of variable (1,684) (1,570)
Transfers to and from separate accounts, net 323 (507)
Common stock issued for benefit plans (9) (26)
Repurchase of common stock (225) (150)
Dividends paid to common stockholders (79) (77)
Net cash provided by (used in) financing activities 2,442 1,712
Net increase (decrease) in cash, invested cash and restricted cash 3,639 (752)
Cash, invested cash and restricted cash as of beginning-of-year 2,563 2,345
Cash, invested cash and restricted cash as of end-of-period $ 6,202 $ 1,593