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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net income (loss) $ (2,233) $ 1,185
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss (771) 97
Sales and maturities (purchases) of trading securities, net 163 219
Amortization of deferred gain on business sold through reinsurance (56) (27)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 80 348
Premiums and fees receivable (3) (98)
Accrued investment income (80) (34)
Insurance liabilities and reinsurance-related balances 6,166 (1,779)
Accrued expenses (402) 246
Federal income tax accruals (490) 216
Impairment of intangibles 634  
Other 386 (265)
Net cash provided by (used in) operating activities 3,394 108
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (12,008) (11,897)
Sales of available-for-sale securities and equity securities 1,196 1,452
Maturities of available-for-sale securities 4,333 7,055
Purchases of alternative investments (484) (506)
Sales and repayments of alternative investments 383 258
Issuance of mortgage loans on real estate (1,928) (2,213)
Repayment and maturities of mortgage loans on real estate 1,872 1,274
Repayment (issuance) of policy loans, net 17 48
Net change in collateral on investments, derivatives and related settlements (3,155) 2,312
Other (93) (219)
Net cash provided by (used in) investing activities (9,867) (2,436)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities (300)  
Issuance of long-term debt, net of issuance costs 296  
Payment related to modification or early extinguishment of debt   (8)
Payment related to sale-leaseback transactions (52)  
Proceeds from certain financing arrangements 53 50
Deposits of fixed account values, including the fixed portion of variable 11,067 9,150
Withdrawals of fixed account values, including the fixed portion of variable (4,943) (4,961)
Transfers from (to) separate accounts, net 12 (252)
Common stock issued for benefit plans (15) 14
Repurchase of common stock (550) (455)
Dividends paid to common stockholders (234) (241)
Other (1) (63)
Net cash provided by (used in) financing activities 5,333 3,234
Net increase (decrease) in cash, invested cash and restricted cash (1,140) 906
Cash, invested cash and restricted cash as of beginning-of-year 2,612 1,708
Cash, invested cash and restricted cash as of end-of-period $ 1,472 $ 2,614