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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income (loss) $ 469 $ 464
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss (266) (211)
Trading securities purchases, sales and maturities, net (189) 98
Amortization of deferred gain (loss) on business sold through reinsurance (18) (7)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 24 50
Premiums and fees receivable (91) (169)
Accrued investment income (44) (51)
Insurance liabilities and reinsurance-related balances 303 (265)
Accrued expenses (229) (35)
Federal income tax accruals 85 99
Cash management agreement 872 (182)
Other   (204)
Net cash provided by (used in) operating activities 916 (413)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (3,910) (3,783)
Sales of available-for-sale securities and equity securities 105 592
Maturities of available-for-sale securities 1,566 1,862
Purchases of alternative investments (141) (163)
Sales and repayments of alternative investments 130 54
Issuance of mortgage loans on real estate (540) (869)
Repayment and maturities of mortgage loans on real estate 716 398
Repayment (issuance) of policy loans, net 25 (76)
Net change in collateral on investments, derivatives and related settlements (242) 987
Other (79) (30)
Net cash provided by (used in) investing activities (2,370) (1,028)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation   65
Payment of long-term debt, including current maturities   (60)
Issuance (payment) of short-term debt (347) 71
Payment related to sale-leaseback transactions (4)  
Deposits of fixed account values, including the fixed portion of variable 3,043 3,132
Withdrawals of fixed account values, including the fixed portion of variable (1,819) (1,768)
Transfers to and from separate accounts, net 14 (122)
Common stock issued for benefit plans (17) (10)
Dividends paid to Lincoln National Corporation (25) (180)
Other   (63)
Net cash provided by (used in) financing activities 845 1,065
Net increase (decrease) in cash, invested cash and restricted cash (609) (376)
Cash, invested cash and restricted cash as of beginning-of-year 2,331 1,462
Cash, invested cash and restricted cash as of end-of-period $ 1,722 $ 1,086