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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 423 $ 1,588
Adjustments to reconile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 847 201
Market risk benefit (gain) loss 10 (1,386)
Sales and maturities (purchases) of trading securities, net 653 225
Early extinguishment of debt (gain) loss (94) 0
Change in:    
Deferred acquisition costs, value of business acquired, deferred ales inducements and deferred front-end loads 482 538
Accrued investment income (48) (63)
Insurance liabilities and reinsurance-related balances (1,552) (2,921)
Accrued expenses 16 82
Federal income tax accruals (56) 334
Other (1,081) (827)
Net cash provided by (used in) operating activities (400) (2,229)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (12,192) (7,685)
Sales of available-for-sale securities and equity securities 2,595 1,404
Maturities of available-for-sale securities 8,413 6,312
Purchases of other investments (1,556) (897)
Sales and repayments of other investments 858 258
Issuance of mortgage loans on real estate (2,805) (3,098)
Repayment and maturities of mortgage loans on real estate 1,778 995
Repayment (issuance) of policy loans, net (108) (34)
Net change in collateral on investments, certain derivatives and related settlements 2,801 3,756
Cash received from disposition, net of cash transferred 0 619
Other 116 (92)
Net cash provided by (used in) investing activities (100) 1,538
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities (300) (100)
Issuance of long-term debt, net of issuance costs 0 346
Payment related to early extinguishment of debt (421) 0
Payment related to sale-leaseback transactions (5) (12)
Proceeds from certain financing arrangements 33 53
Payment related to certain financing arrangements (98) (103)
Policyholder Account Balance [Abstract]    
Deposits 15,394 12,312
Withdrawals (9,256) (8,974)
Transfers from (to) separate accounts, net (490) 131
Issuance of common stock 825 0
Common stock issued for benefit plans 4 (4)
Dividends paid to preferred stockholders (80) (80)
Dividends paid to common stockholders (239) (230)
Net cash provided by (used in) financing activities 5,367 3,339
Net increase (decrease) in cash, invested cash and restricted cash 4,867 2,648
Cash, invested cash and restricted cash as of beginning-of-year 5,801 3,365
Cash, invested cash and restricted cash as of end-of-period $ 10,668 $ 6,013