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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income (loss) $ 502 $ 133
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 2 351
Trading securities purchases, sales and maturities, net 226 (1,210)
Amortization of deferred gain on business sold through reinsurance (9) (7)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (172) (78)
Premiums and fees receivable (98) (38)
Accrued investment income (43) (54)
Future contract benefits and other contract holder funds 316 (397)
Reinsurance related assets and liabilities 364 (330)
Accrued expenses (285) (71)
Federal income tax accruals 99 (15)
Cash management agreement (1,870) (12)
Other 51 91
Net cash provided by (used in) operating activities (917) (1,637)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (3,513) (4,353)
Sales of available-for-sale securities and equity securities 380 2,371
Maturities of available-for-sale securities 1,267 1,427
Purchases of alternative investments (79) (174)
Sales and repayments of alternative investments 55 32
Issuance of mortgage loans on real estate (829) (1,099)
Repayment and maturities of mortgage loans on real estate 224 240
Issuance (repayment) of policy loans, net (94) 10
Net change in collateral on investments, derivatives and related settlements 4,221 567
Other (59) (64)
Net cash provided by (used in) investing activities 1,573 (1,043)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation 475  
Payment of long-term debt, including current maturities (30)  
Issuance of long-term debt, net of issuance costs 30  
Issuance (payment) of short-term debt 11 398
Deposits of fixed account values, including the fixed portion of variable 3,911 4,037
Withdrawals of fixed account values, including the fixed portion of variable (1,671) (1,559)
Transfers to and from separate accounts, net 323 (507)
Common stock issued for benefit plans (13) (17)
Dividends paid to Lincoln National Corporation (305) (200)
Net cash provided by (used in) financing activities 2,731 2,152
Net increase (decrease) in cash, invested cash and restricted cash 3,387 (528)
Cash, invested cash and restricted cash as of beginning-of-year 1,879 1,848
Cash, invested cash and restricted cash as of end-of-period $ 5,266 $ 1,320