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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net income (loss) $ (1,569) $ (2,074)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 4,513 (541)
Market risk benefit (gain) loss (1,182) 755
Sales and maturities (purchases) of trading securities, net 689 164
Amortization of deferred gain (loss) on business sold through reinsurance (31) (29)
Impairment of intangibles   634
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads 501 370
Accrued investment income (74) (77)
Insurance liabilities and reinsurance-related balances (1,327) 1,944
Accrued expenses (67) (379)
Federal income tax accruals (415) (489)
Cash management agreement (622) 2,803
Other (145) 419
Net cash provided by (used in) operating activities 271 3,500
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (8,151) (11,961)
Sales of available-for-sale securities and equity securities 2,828 1,231
Maturities of available-for-sale securities 3,975 4,339
Purchases of alternative investments (416) (453)
Sales and repayments of alternative investments 104 380
Issuance of mortgage loans on real estate (1,375) (1,924)
Repayment and maturities of mortgage loans on real estate 906 1,866
Repayment (issuance) of policy loans, net (73) 16
Net change in collateral on investments, certain derivatives and related settlements (407) (3,667)
Other (269) (83)
Net cash provided by (used in) investing activities (2,878) (10,256)
Cash Flows from Financing Activities    
Capital contribution from Lincoln National Corporation 5 145
Payment of long-term debt, including current maturities   (40)
Issuance (payment) of short-term debt (65) (313)
Payment related to sale-leaseback transactions (63) (52)
Proceeds from certain financing arrangements 65 53
Payment related to certain financing arrangements (35)  
Deposits of fixed account balances 11,117 11,832
Withdrawals of fixed account balances (7,740) (5,408)
Transfers from (to) separate accounts, net (519) 101
Common stock issued for benefit plans (7) (21)
Dividends paid to Lincoln National Corporation (365) (580)
Other   (1)
Net cash provided by (used in) financing activities 2,393 5,716
Net increase (decrease) in cash, invested cash and restricted cash (214) (1,040)
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 $ 2,285 $ 1,291