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SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - Statements of Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net Cash Provided by (Used in) Operating Activities $ (2,074) $ 3,609 $ (217)
Cash Flows from Investing Activities      
Net change in collateral on investments, certain derivatives and related settlements (260) (4,070) 3,261
Other (310) (48) (303)
Net cash provided by (used in) investing activities (3,334) (11,646) (3,584)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities (500) (300) 0
Issuance of long-term debt, net of issuance costs 0 296 0
Payment related to modification or early extinguishment of debt 0 0 (8)
Issuance of preferred stock, net of issuance costs 0 986 0
Repurchase of common stock 0 (550) (1,105)
Dividends paid to preferred stockholders (82) 0 0
Dividends paid to common stockholders (305) (310) (319)
Net cash provided by (used in) financing activities 5,430 8,768 4,705
Net increase (decrease) in cash, invested cash and restricted cash 22 731 904
Cash, invested cash and restricted cash as of beginning-of-year 3,343 2,612 1,708
Cash, invested cash and restricted cash as of end-of-year 3,365 3,343 2,612
Parent Company      
Cash Flows from Operating Activities      
Net Cash Provided by (Used in) Operating Activities 398 608 1,860
Cash Flows from Investing Activities      
Capital contribution to subsidiaries (7) (925) (65)
Net change in collateral on investments, certain derivatives and related settlements 69 583 168
Other 45 (5) (40)
Net cash provided by (used in) investing activities 107 (347) 63
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities (500) (300) 0
Issuance of long-term debt, net of issuance costs 0 296 0
Payment related to modification or early extinguishment of debt 0 0 (8)
Increase (decrease) in loans from subsidiaries, net (84) (563) (188)
Increase (decrease) in loans to subsidiaries, net (113) 708 (234)
Common stock issued for benefit plans (7) (16) 20
Issuance of preferred stock, net of issuance costs 0 986 0
Repurchase of common stock 0 (550) (1,105)
Dividends paid to preferred stockholders (82) 0 0
Dividends paid to common stockholders (305) (310) (319)
Net cash provided by (used in) financing activities (1,091) 251 (1,834)
Net increase (decrease) in cash, invested cash and restricted cash (586) 512 89
Cash, invested cash and restricted cash as of beginning-of-year 715 203 114
Cash, invested cash and restricted cash as of end-of-year $ 129 $ 715 $ 203