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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net income (loss) $ (1,273) $ 1,629 $ 591
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Realized (gain) loss (201) (89) 526
Sales and maturities (purchases) of trading securities, net 301 (108) 253
Amortization of deferred gain (loss) on business sold through reinsurance (69) (40) (33)
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 42 292 68
Premiums and fees receivable (53) (95) (20)
Accrued investment income (41) 8 (88)
Insurance liabilities and reinsurance-related balances 1,055 (585) 392
Accrued expenses (98) 367 (21)
Federal income tax accruals (268) 264 (134)
Cash management agreement 3,730 (1,286) (1,341)
Other 531 (165) 92
Net cash provided by (used in) operating activities 4,290 192 285
Cash Flows from Investing Activities      
Purchases of available-for-sale securities and equity securities (14,768) (16,834) (16,149)
Sales of available-for-sale securities and equity securities 2,347 2,341 1,214
Maturities of available-for-sale securities 5,487 9,417 5,180
Purchases of alternative investments (631) (754) (395)
Sales and repayments of alternative investments 441 377 171
Issuance of mortgage loans on real estate (2,503) (3,062) (1,790)
Repayment and maturities of mortgage loans on real estate 2,247 1,873 1,133
Repayment (issuance) of policy loans, net 4 61 49
Net change in collateral on investments, derivatives and related settlements (4,654) 3,095 1,775
Other (40) (253) (149)
Net cash provided by (used in) investing activities (12,070) (3,739) (8,961)
Cash Flows from Financing Activities      
Capital contribution from Lincoln National Corporation 925 65 510
Payment of long-term debt, including current maturities (40) (60) (30)
Issuance of long-term debt, net of issuance costs     30
Issuance (payment) of short-term debt (522) 587 (112)
Payment related to sale-leaseback transactions (70) (59) (47)
Proceeds from certain financing arrangements 186 159 109
Deposits of fixed account values, including the fixed portion of variable 15,212 12,622 14,009
Withdrawals of fixed account values, including the fixed portion of variable (6,880) (6,575) (6,069)
Transfers from (to) separate accounts, net (195) (340) 528
Common stock issued for benefit plans (21) (13) (9)
Dividends paid to Lincoln National Corporation (645) (1,910) (660)
Other (2) (60)  
Net cash provided by (used in) financing activities 7,948 4,416 8,259
Net increase (decrease) in cash, invested cash and restricted cash 168 869 (417)
Cash, invested cash and restricted cash as of beginning-of-year 2,331 1,462 1,879
Cash, invested cash and restricted cash as of end-of-period $ 2,499 $ 2,331 $ 1,462