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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income (loss) $ 925 $ 926
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss (347) (39)
Sales and maturities (purchases) of trading securities, net 109 210
Amortization of deferred gain (loss) on business sold through reinsurance (35) (14)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (8) 109
Premiums and fees receivable (71) (98)
Accrued investment income (40) (11)
Insurance liabilities and reinsurance-related balances 54 (3)
Accrued expenses (340) 35
Federal income tax accruals 198 167
Cash management agreement 2,427 (1,223)
Other 258 (219)
Net cash provided by (used in) operating activities 3,130 (160)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (8,091) (8,192)
Sales of available-for-sale securities and equity securities 236 1,277
Maturities of available-for-sale securities 3,165 4,570
Purchases of alternative investments (300) (360)
Sales and repayments of alternative investments 181 128
Issuance of mortgage loans on real estate (1,368) (1,611)
Repayment and maturities of mortgage loans on real estate 1,422 846
Repayment (issuance) of policy loans, net (6) 16
Net change in collateral on investments, derivatives and related settlements (2,321) 1,704
Other (96) (67)
Net cash provided by (used in) investing activities (7,178) (1,689)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation 65 65
Payment of long-term debt, including current maturities (40) (60)
Issuance (payment) of short-term debt (385) (40)
Payment related to sale-leaseback transactions (47)  
Proceeds from certain financing arrangements 53 50
Deposits of fixed account values, including the fixed portion of variable 6,892 6,367
Withdrawals of fixed account values, including the fixed portion of variable (3,280) (3,283)
Transfers to and from separate accounts, net 62 (229)
Common stock issued for benefit plans (21) (11)
Dividends paid to Lincoln National Corporation (305) (495)
Other   (63)
Net cash provided by (used in) financing activities 2,994 2,301
Net increase (decrease) in cash, invested cash and restricted cash (1,054) 452
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 $ 1,277 $ 1,914