XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income (loss) $ 1,629 $ 591 $ 614
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Realized (gain) loss (89) 526 828
Trading securities purchases, sales and maturities, net (108) 253 (2,522)
Amortization of deferred gain on business sold through reinsurance (40) (33) (27)
Change in:      
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 292 68 (448)
Premiums and fees receivable (95) (20) 104
Accrued investment income 8 (88) (22)
Insurance liabilities and reinsurance-related balances (585) 392 (1,195)
Accrued expenses 367 (21) 89
Federal income tax accruals 264 (134) (282)
Cash management agreement (1,286) (1,341) (1,115)
Other (165) 92 343
Net cash provided by (used in) operating activities 192 285 (3,633)
Cash Flows from Investing Activities      
Purchases of available-for-sale securities and equity securities (16,834) (16,149) (14,927)
Sales of available-for-sale securities and equity securities 2,341 1,214 6,771
Maturities of available-for-sale securities 9,417 5,180 6,426
Purchases of alternative investments (754) (395) (433)
Sales and repayments of alternative investments 377 171 131
Issuance of mortgage loans on real estate (3,062) (1,790) (4,218)
Repayment and maturities of mortgage loans on real estate 1,873 1,133 1,144
Issuance (repayment) of policy loans, net 61 49 32
Net change in collateral on investments, derivatives and related settlements 3,095 1,775 349
Other (253) (149) (259)
Net cash provided by (used in) investing activities (3,739) (8,961) (4,984)
Cash Flows from Financing Activities      
Capital contribution from Lincoln National Corporation 65 510 50
Payment of long-term debt, including current maturities (60) (30) (28)
Issuance of long-term debt, net of issuance costs   30 28
Issuance (payment) of short-term debt 587 (112) 321
Payment related to sale-leaseback transactions (59) (47) (83)
Proceeds from certain financing arrangements 159 109 107
Deposits of fixed account values, including the fixed portion of variable 12,622 14,009 16,049
Withdrawals of fixed account values, including the fixed portion of variable (6,575) (6,069) (5,800)
Transfers to and from separate accounts, net (340) 528 (1,362)
Common stock issued for benefit plans (13) (9) (34)
Dividends paid to Lincoln National Corporation (1,910) (660) (600)
Other (60)    
Net cash provided by (used in) financing activities 4,416 8,259 8,648
Net increase (decrease) in cash, invested cash and restricted cash 869 (417) 31
Cash, invested cash and restricted cash as of beginning-of-year 1,462 1,879 1,848
Cash, invested cash and restricted cash as of end-of-period $ 2,331 $ 1,462 $ 1,879