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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income (loss) $ (42) $ 616
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 671 480
Trading securities purchases, sales and maturities, net (33) (2,115)
Amortization of deferred gain on business sold through reinsurance (22) (15)
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (177) (109)
Change in premiums and fees receivable (25) 17
Change in accrued investment income (20) (27)
Change in future contract benefits and other contract holder funds 770 (864)
Change in reinsurance related assets and liabilities (50) (457)
Change in accrued expenses (296) (93)
Change in federal income tax accruals (85) (47)
Other 280 52
Net cash provided by (used in) operating activities 971 (2,562)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (8,732) (7,243)
Sales of available-for-sale securities and equity securities 1,789 5,114
Maturities of available-for-sale securities 2,389 3,322
Purchases of alternative investments (165) (184)
Sales and repayments of alternative investments 81 66
Issuance of mortgage loans on real estate (1,081) (2,286)
Repayment and maturities of mortgage loans on real estate 609 407
Issuance (repayment) of policy loans, net (74) 25
Net change in collateral on investments, derivatives and related settlements 1,910 844
Other (90) (124)
Net cash provided by (used in) investing activities (3,364) (59)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities (1,096)  
Issuance of long-term debt, net of issuance costs 1,289  
Payment related to early extinguishment of debt (13)  
Proceeds from certain financing arrangements 69 50
Deposits of fixed account values, including the fixed portion of variable 7,271 7,886
Withdrawals of fixed account values, including the fixed portion of variable (3,314) (2,975)
Transfers to and from separate accounts, net 216 (894)
Common stock issued for benefit plans (10) (24)
Repurchase of common stock (225) (300)
Dividends paid to common stockholders (156) (153)
Net cash provided by (used in) financing activities 4,031 3,590
Net increase (decrease) in cash, invested cash and restricted cash 1,638 969
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 $ 4,201 $ 3,314