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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income (loss) $ 614 $ 1,573 $ 2,018
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Trading securities purchases, sales and maturities, net (2,522) (120) 120
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (448) (108) (17)
Change in premiums and fees receivable 104 (87) 34
Change in accrued investment income (22) (6) 19
Change in future contract benefits and other contract holder funds (918) 1,105 (2,062)
Change in reinsurance related assets and liabilities (277) (1,233) 1,001
Change in accrued expenses 89 (99) 86
Change in federal income tax accruals (282) 65 (1,502)
Change in cash management agreement (1,115) 329 (277)
Realized (gain) loss 828 92 456
Amortization of deferred gain on business sold through reinsurance (27) (4) (18)
Impairment of intangibles 905
Other 343 88 91
Net cash provided by (used in) operating activities (3,633) 1,595 854
Cash Flows from Investing Activities      
Purchases of available-for-sale securities and equity securities (14,927) (12,406) (9,887)
Sales of available-for-sale securities and equity securities 6,771 3,191 1,773
Maturities of available-for-sale securities 6,426 6,348 5,790
Purchase of common stock in acquisition, net of cash acquired   (1,410)  
Sale of business, net   (12)  
Purchases of alternative investments (433) (314) (357)
Sales and repayments of alternative investments 131 178 184
Proceeds from affiliate transfer of alternative investments     66
Issuance of mortgage loans on real estate (4,218) (2,920) (2,047)
Repayment and maturities of mortgage loans on real estate 1,144 1,048 1,145
Issuance and repayment of policy loans, net 32 20 49
Net change in collateral on investments, derivatives and related settlements 349 654 (374)
Other (259) (191) (123)
Net cash provided by (used in) investing activities (4,984) (5,814) (3,781)
Cash Flows from Financing Activities      
Capital contribution from Lincoln National Corporation 50 500  
Payment of long-term debt, including current maturities (28) (13) (290)
Issuance of long-term debt, net of issuance costs 28 13 75
Issuance (payment) of short-term debt 321 278 (270)
Proceeds from sale-leaseback transactions   88 62
Payment related to sale-leaseback transactions (83)    
Proceeds from certain financing arrangements 107    
Deposits of fixed account values, including the fixed portion of variable 16,049 13,616 10,775
Withdrawals of fixed account values, including the fixed portion of variable (5,800) (5,957) (5,764)
Transfers to and from separate accounts, net (1,362) (2,469) (1,787)
Common stock issued for benefit plans (34) (25) (29)
Dividends paid to Lincoln National Corporation (600) (911) (955)
Net cash provided by (used in) financing activities 8,648 5,120 1,817
Net increase (decrease) in cash, invested cash and restricted cash 31 901 (1,110)
Cash, invested cash and restricted cash as of beginning-of-year 1,848 947 2,057
Cash, invested cash and restricted cash as of end-of-year $ 1,879 $ 1,848 $ 947