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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income (loss) $ 355 $ 827
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 (124) (30)
Trading securities purchases, sales and maturities, net (2,124) 130
Change in premiums and fees receivable 15 (91)
Change in accrued investment income (11) 14
Change in future contract benefits and other contract holder funds (389) (692)
Change in reinsurance related assets and liabilities (598) 612
Change in accrued expenses (94) (99)
Change in federal income tax accruals (86) 72
Realized (gain) loss 628 (55)
Amortization of deferred (gain) loss on business sold through reinsurance (13) 2
Change in cash management agreement (932) 63
Other 59 60
Net cash provided by (used in) operating activities (3,314) 813
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (7,181) (4,386)
Sales of available-for-sale securities and equity securities 5,095 525
Maturities of available-for-sale securities 3,263 3,285
Purchase of common stock in acquisition, net of cash acquired   (1,404)
Sale of business, net   (12)
Purchases of alternative investments (184) (146)
Sales and repayments of alternative investments 66 69
Issuance of mortgage loans on real estate (2,273) (1,308)
Repayment and maturities of mortgage loans on real estate 404 493
Issuance and repayment of policy loans, net 23 23
Net change in collateral on investments, derivatives and related settlements 1,028 502
Other (123) (84)
Net cash provided by (used in) investing activities 118 (2,443)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation   500
Payment of long-term debt, including current maturities (28)  
Issuance (payment) of short-term debt 454  
Proceeds from sale-leaseback transactions   51
Proceeds from certain financing arrangements 50  
Deposits of fixed account values, including the fixed portion of variable 7,877 5,904
Withdrawals of fixed account values, including the fixed portion of variable (2,951) (2,981)
Transfers to and from separate accounts, net (894) (1,353)
Common stock issued for benefit plans (29) (20)
Dividends paid to Lincoln National Corporation (400)  
Net cash provided by (used in) financing activities 4,079 2,101
Net increase (decrease) in cash, invested cash and restricted cash 883 471
Cash, invested cash and restricted cash as of beginning-of-year 1,848 947
Cash, invested cash and restricted cash as of end-of-period $ 2,731 $ 1,418