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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net income (loss) $ (1,884) $ 218
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 3,646 (508)
Market risk benefit (gain) loss (168) 830
Sales and maturities (purchases) of trading securities, net 603 109
Amortization of deferred gain (loss) on business sold through reinsurance (17) (20)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals 321 248
Accrued investment income (8) (40)
Insurance liabilities and reinsurance-related balances (1,029) (258)
Accrued expenses (55) (344)
Federal income tax accruals (593) 11
Cash management agreement (594) 2,427
Other (120) 110
Net cash provided by (used in) operating activities 102 2,783
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (5,256) (8,090)
Sales of available-for-sale securities and equity securities 2,405 236
Maturities of available-for-sale securities 2,741 3,165
Purchases of alternative investments (317) (300)
Sales and repayments of alternative investments 64 181
Issuance of mortgage loans on real estate (719) (1,366)
Repayment and maturities of mortgage loans on real estate 524 1,422
Repayment (issuance) of policy loans, net (68) (6)
Net change in collateral on investments, certain derivatives and related settlements (444) (2,322)
Other (158) (93)
Net cash provided by (used in) investing activities (1,228) (7,173)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation 5 65
Payment of long-term debt, including current maturities   (40)
Issuance (payment) of short-term debt (288) (385)
Payment related to sale-leaseback transactions (58) (47)
Proceeds from certain financing arrangements 65 53
Payment related to certain financing arrangements (20)  
Deposits of fixed account balances 7,516 7,412
Withdrawals of fixed account balances (5,063) (3,538)
Transfers from (to) separate accounts, net (381) 142
Common stock issued for benefit plans (6) (21)
Dividends paid to Lincoln National Corporation (260) (305)
Net cash provided by (used in) financing activities 1,510 3,336
Net increase (decrease) in cash, invested cash and restricted cash 384 (1,054)
Cash, invested cash and restricted cash as of beginning-of-year 2,499 2,331
Cash, invested cash and restricted cash as of end-of-period $ 2,883 $ 1,277