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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income (loss) $ 358 $ 355
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 435 628
Trading securities purchases, sales and maturities, net (44) (2,124)
Amortization of deferred gain on business sold through reinsurance (18) (13)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (155) (124)
Premiums and fees receivable (25) 15
Accrued investment income (20) (11)
Future contract benefits and other contract holder funds 140 (389)
Reinsurance related assets and liabilities (468) (598)
Accrued expenses (269) (94)
Federal income tax accruals 17 (86)
Cash management agreement (476) (932)
Other 198 59
Net cash provided by (used in) operating activities (327) (3,314)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (8,437) (7,181)
Sales of available-for-sale securities and equity securities 1,573 5,095
Maturities of available-for-sale securities 2,323 3,263
Purchases of alternative investments (165) (184)
Sales and repayments of alternative investments 81 66
Issuance of mortgage loans on real estate (1,071) (2,273)
Repayment and maturities of mortgage loans on real estate 596 404
Issuance (repayment) of policy loans, net (74) 23
Net change in collateral on investments, derivatives and related settlements 2,593 1,028
Other (88) (123)
Net cash provided by (used in) investing activities (2,669) 118
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation 475  
Payment of long-term debt, including current maturities (30) (28)
Issuance of long-term debt, net of issuance costs 30  
Issuance (payment) of short-term debt 19 454
Proceeds from certain financing arrangements 69 50
Deposits of fixed account values, including the fixed portion of variable 7,261 7,877
Withdrawals of fixed account values, including the fixed portion of variable (3,291) (2,951)
Transfers to and from separate accounts, net 216 (894)
Common stock issued for benefit plans (7) (29)
Dividends paid to Lincoln National Corporation (406) (400)
Net cash provided by (used in) financing activities 4,336 4,079
Net increase (decrease) in cash, invested cash and restricted cash 1,340 883
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 $ 3,219 $ 2,731