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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Cash Flows [Abstract]    
Net Income $ 1,794 $ 145
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (9) 5
Deferred income tax (benefit) expense 1,209 (21)
Contractholder and policyholder charges, non-cash (96) (95)
Loss from equity method investments 16 16
Net realized investment (gains) losses (4) (10)
Impairments and provision for loan losses 21 0
Change in operating assets and liabilities:    
Deferred acquisition costs 446 (52)
Policyholder account balances, future policy benefits and claims, net 2,730 (100)
Derivatives, net of collateral (745) 296
Reinsurance recoverables (19) (14)
Other receivables 14 (10)
Accrued investment income (6) (3)
Current income tax expense (benefit) (1,086) (3)
Other, net 40 23
Net cash provided by (used in) operating activities 4,305 177
Available-for-Sale securities:    
Proceeds from sales 79 82
Maturities, sinking fund payments and calls 474 645
Purchases (413) (511)
Proceeds from sales, maturities and repayments of mortgage loans 52 55
Funding of mortgage loans (58) (37)
Proceeds from sales and collections of other investments 33 26
Purchase of other investments (73) (46)
Purchase of equipment and software (2) (2)
Change in policy loans, net (2) 7
Cash paid for deposit receivable (1) (345)
Cash received for deposit receivable 30 0
Advance on line of credit to Ameriprise Financial, Inc. 702 0
Repayment from Ameriprise Financial, Inc. on line of credit (702) 0
Cash received from written options with deferred premiums 95 34
Cash paid for written options with deferred premiums (258) (42)
Other, net 1 15
Net cash provided by (used in) investing activities (43) (119)
Policyholder account balances:    
Deposits and other additions 255 585
Net transfers from (to) separate accounts 30 (1)
Surrenders and other benefits (430) (476)
Proceeds from line of credit with Ameriprise Financial, Inc. 5 0
Payments on line of credit with Ameriprise Financial, Inc. (55) 0
Cash received for purchased options with deferred premiums 0 12
Cash paid for purchased options with deferred premiums (36) (37)
Cash dividends to Ameriprise Financial, Inc. (250) (250)
Net cash provided by (used in) financing activities (481) (167)
Net increase (decrease) in cash and cash equivalents 3,781 (109)
Cash and cash equivalents at beginning of period 1,275 1,085
Cash and cash equivalents at end of period 5,056 976
Supplemental Disclosures:    
Income taxes paid (received), net 2 (1)
Interest paid on borrowings 1 1
Non-cash investing activity:    
Partnership commitments not yet remitted 2 0
Investments transferred in connection with reinsurance transaction $ 0 $ 1,265