XML 19 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net income (loss) $ 1,588 $ 483
Adjustments to reconile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 201 3,066
Market risk benefit (gain) loss (1,386) (2,832)
Sales and maturities (purchases) of trading securities, net 225 703
Change in:    
Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads 538 495
Accrued investment income (63) (77)
Insurance liabilities and reinsurance-related balances (2,921) (1,838)
Accrued expenses 82 (19)
Federal income tax accruals 334 (17)
Other (827) (170)
Net cash provided by (used in) operating activities (2,229) (206)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (7,685) (8,248)
Sales of available-for-sale securities and equity securities 1,404 2,838
Maturities of available-for-sale securities 6,312 4,086
Purchases of alternative investments (897) (426)
Sales and repayments of alternative investments 245 103
Issuance of mortgage loans on real estate (3,098) (1,377)
Repayment and maturities of mortgage loans on real estate 995 908
Repayment (issuance) of policy loans, net (34) (72)
Net change in collateral on investments, certain derivatives and related settlements 3,756 (205)
Cash received from disposition, net of cash transferred 619 0
Other (79) (227)
Net cash provided by (used in) investing activities 1,538 (2,620)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities (100) (500)
Issuance of long-term debt, net of issuance costs 346 0
Payment related to sale-leaseback transactions (12) (63)
Proceeds from certain financing arrangements 53 65
Payment related to certain financing arrangements (103) (35)
Deposits of fixed account balances 12,312 11,129
Withdrawals of fixed account balances (8,974) (7,759)
Transfers from (to) separate accounts, net 131 (519)
Common stock issued for benefit plans (4) (6)
Dividends paid to preferred stockholders (80) (71)
Dividends paid to common stockholders (230) (229)
Net cash provided by (used in) financing activities 3,339 2,012
Net increase (decrease) in cash, invested cash and restricted cash 2,648 (814)
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 $ 6,013 $ 2,529