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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income (loss) $ 1,298 $ 31
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss (16) 448
Trading securities purchases, sales and maturities, net 219 24
Amortization of deferred gain on business sold through reinsurance (22) (27)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 325 355
Premiums and fees receivable (99) (33)
Accrued investment income (44) (157)
Insurance liabilities and reinsurance-related balances (300) 634
Accrued expenses 200 (188)
Federal income tax accruals 234 (236)
Cash management agreement (1,367) (1,694)
Other (226) 50
Net cash provided by (used in) operating activities 202 (793)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (11,756) (12,107)
Sales of available-for-sale securities and equity securities 1,441 1,354
Maturities of available-for-sale securities 6,897 3,581
Purchases of alternative investments (504) (265)
Sales and repayments of alternative investments 258 116
Issuance of mortgage loans on real estate (2,191) (1,221)
Repayment and maturities of mortgage loans on real estate 1,267 835
Issuance (repayment) of policy loans, net 47 (51)
Net change in collateral on investments, derivatives and related settlements 2,132 2,207
Other (181) (113)
Net cash provided by (used in) investing activities (2,590) (5,664)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation 65 475
Payment of long-term debt, including current maturities (60) (30)
Issuance of long-term debt, net of issuance costs   30
Issuance (payment) of short-term debt (14) (142)
Proceeds from certain financing arrangements 50 69
Deposits of fixed account values, including the fixed portion of variable 9,136 10,544
Withdrawals of fixed account values, including the fixed portion of variable (4,935) (4,590)
Transfers to and from separate accounts, net (252) 427
Common stock issued for benefit plans (12) (8)
Dividends paid to Lincoln National Corporation (795) (486)
Other (63)  
Net cash provided by (used in) financing activities 3,120 6,289
Net increase (decrease) in cash, invested cash and restricted cash 732 (168)
Cash, invested cash and restricted cash as of beginning-of-year 1,462 1,879
Cash, invested cash and restricted cash as of end-of-period $ 2,194 $ 1,711