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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income (loss) $ (881) $ 1,482
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 828 (181)
Market risk benefit (gain) loss 619 (1,359)
Sales and maturities (purchases) of trading securities, net 290 (187)
Amortization of deferred gain on business sold through reinsurance (9) (11)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads 156 122
Accrued investment income 4 (35)
Insurance liabilities and reinsurance-related balances (1,322) 636
Accrued expenses (143) (262)
Federal income tax accruals (289) 407
Other (27) (136)
Net cash provided by (used in) operating activities (774) 476
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (2,999) (3,934)
Sales of available-for-sale securities and equity securities 1,739 105
Maturities of available-for-sale securities 1,440 1,604
Purchases of alternative investments (170) (161)
Sales and repayments of alternative investments 22 131
Issuance of mortgage loans on real estate (269) (539)
Repayment and maturities of mortgage loans on real estate 183 717
Repayment (issuance) of policy loans, net (27) 25
Net change in collateral on investments, derivatives and related settlements (184) 16
Other (60) (104)
Net cash provided by (used in) investing activities (325) (2,140)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities   (300)
Issuance of long-term debt, net of issuance costs   297
Payment related to sale-leaseback transactions (5) (4)
Proceeds from certain financing arrangements (10)  
Deposits of fixed account values balances 4,192 3,477
Withdrawals of fixed account values balances (2,570) (2,063)
Transfers from (to) separate accounts, net 21 94
Common stock issued for benefit plans (4) (10)
Repurchase of common stock   (400)
Dividends paid to preferred stockholders (25)  
Dividends paid to common stockholders (77) (79)
Net cash provided by (used in) financing activities 1,522 1,012
Net increase (decrease) in cash, invested cash and restricted cash 423 (652)
Cash, invested cash and restricted cash as of beginning-of-year 3,343 2,612
Cash, invested cash and restricted cash as of end-of-period $ 3,766 $ 1,960