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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income (loss) $ 1,573 $ 2,018 $ 1,173
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (108) (17) 55
Trading securities purchases, sales and maturities, net (120) 120 165
Change in premiums and fees receivable (87) 34 (49)
Change in accrued investment income (6) 19 8
Change in future contract benefits and other contract holder funds 1,105 (2,062) (2,036)
Change in reinsurance related assets and liabilities (1,233) 1,001 542
Change in accrued expenses (99) 86 26
Change in federal income tax accruals 65 (1,502) 146
Realized (gain) loss 92 456 511
Amortization of deferred (gain) loss on business sold through reinsurance (4) (18) (69)
Change in cash management agreement 329 (277) (66)
Impairment of intangibles   905  
Other 88 91 236
Net cash provided by (used in) operating activities 1,595 854 642
Cash Flows from Investing Activities      
Purchases of available-for-sale securities and equity securities (12,406) (9,887) (10,791)
Sales of available-for-sale securities and equity securities 3,191 1,773 3,076
Maturities of available-for-sale securities 6,348 5,790 5,290
Purchase of common stock in acquisition, net of cash acquired (1,410)    
Sale of business, net (12)    
Purchases of alternative investments (314) (357) (302)
Sales and repayments of alternative investments 178 184 238
Proceeds from affiliate transfer of alternative investments   66  
Issuance of mortgage loans on real estate (2,920) (2,047) (2,127)
Repayment and maturities of mortgage loans on real estate 1,048 1,145 877
Issuance and repayment of policy loans, net 20 49 91
Net change in collateral on investments, derivatives and related settlements 654 (374) 435
Other (191) (123) (99)
Net cash provided by (used in) investing activities (5,814) (3,781) (3,312)
Cash Flows from Financing Activities      
Capital contributions from Lincoln National Corporation 500    
Payment of long-term debt, including current maturities (13) (290) (250)
Issuance of long-term debt, net of issuance costs 13 75  
Issuance (payment) of short-term debt 278 (270) 190
Proceeds from sales leaseback transaction 88 62 85
Deposits of fixed account values, including the fixed portion of variable 13,616 10,775 10,030
Withdrawals of fixed account values, including the fixed portion of variable (5,957) (5,764) (5,449)
Transfers to and from separate accounts, net (2,469) (1,787) (1,308)
Common stock issued for benefit plans (25) (29) (22)
Dividends paid (911) (955) (949)
Net cash provided by (used in) financing activities 5,120 1,817 2,327
Net increase (decrease) in cash, invested cash and restricted cash 901 (1,110) (343)
Cash, invested cash and restricted cash as of beginning-of-year 947 2,057 2,400
Cash, invested cash and restricted cash as of end-of-year $ 1,848 $ 947 $ 2,057