XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net income (loss) $ 2,116 $ (370)
Adjustments to reconile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss (230) 2,612
Market risk benefit (gain) loss (2,043) (1,404)
Sales and maturities (purchases) of trading securities, net 150 607
Amortization of deferred gain (loss) on business sold through reinsurance 24 (19)
Change in:    
Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads 367 317
Accrued investment income (62) (5)
Insurance liabilities and reinsurance-related balances (2,360) (1,578)
Accrued expenses 48 (68)
Federal income tax accruals 509 (198)
Other (721) (146)
Net cash provided by (used in) operating activities (2,202) (252)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (5,109) (5,323)
Sales of available-for-sale securities and equity securities 1,243 2,402
Maturities of available-for-sale securities 3,610 2,820
Purchases of alternative investments (554) (322)
Sales and repayments of alternative investments 97 64
Issuance of mortgage loans on real estate (2,132) (719)
Repayment and maturities of mortgage loans on real estate 624 525
Repayment (issuance) of policy loans, net (37) (67)
Net change in collateral on investments, certain derivatives and related settlements 3,933 (401)
Cash received from disposition, net of cash transferred 621 0
Other (56) (161)
Net cash provided by (used in) investing activities 2,240 (1,182)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities (100) 0
Issuance of long-term debt, net of issuance costs 346 0
Payment related to sale-leaseback transactions (8) (58)
Proceeds from certain financing arrangements 0 65
Payment related to certain financing arrangements (88) (20)
Deposits of fixed account balances 8,108 7,524
Withdrawals of fixed account balances (6,068) (5,076)
Transfers from (to) separate accounts, net 87 (381)
Common stock issued for benefit plans (6) (6)
Dividends paid to preferred stockholders (46) (36)
Dividends paid to common stockholders (153) (153)
Net cash provided by (used in) financing activities 2,072 1,859
Net increase (decrease) in cash, invested cash and restricted cash 2,110 425
Cash, invested cash and restricted cash as of beginning-of-year 3,365 3,343
Cash, invested cash and restricted cash as of end-of-period $ 5,475 $ 3,768