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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net income (loss) $ (1,362) $ 1,298
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss (353) (16)
Sales and maturities (purchases) of trading securities, net 164 219
Amortization of deferred gain (loss) on business sold through reinsurance (52) (22)
Impairment of intangibles 634  
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 9 325
Premiums and fees receivable (2) (99)
Accrued investment income (77) (44)
Insurance liabilities and reinsurance-related balances 2,311 (300)
Accrued expenses (375) 200
Federal income tax accruals (301) 234
Cash management agreement 2,803 (1,367)
Other 480 (226)
Net cash provided by (used in) operating activities 3,879 202
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (11,961) (11,756)
Sales of available-for-sale securities and equity securities 1,231 1,441
Maturities of available-for-sale securities 4,339 6,897
Purchases of alternative investments (453) (504)
Sales and repayments of alternative investments 380 258
Issuance of mortgage loans on real estate (1,928) (2,191)
Repayment and maturities of mortgage loans on real estate 1,866 1,267
Repayment (issuance) of policy loans, net 16 47
Net change in collateral on investments, derivatives and related settlements (3,667) 2,132
Other (83) (181)
Net cash provided by (used in) investing activities (10,260) (2,590)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation 145 65
Payment of long-term debt, including current maturities (40) (60)
Issuance (payment) of short-term debt (313) (14)
Payment related to sale-leaseback transactions (52)  
Proceeds from certain financing arrangements 53 50
Deposits of fixed account values, including the fixed portion of variable 11,054 9,136
Withdrawals of fixed account values, including the fixed portion of variable (4,916) (4,935)
Transfers from (to) separate accounts, net 12 (252)
Common stock issued for benefit plans (21) (12)
Dividends paid to Lincoln National Corporation (580) (795)
Other (1) (63)
Net cash provided by (used in) financing activities 5,341 3,120
Net increase (decrease) in cash, invested cash and restricted cash (1,040) 732
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 $ 1,291 $ 2,194