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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net Income $ 1,001 $ 355
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (17) (4)
Deferred income tax (benefit) expense 486 (56)
Contractholder and policyholder charges, non-cash (192) (189)
Loss from equity method investments 38 34
Net realized investment (gains) losses (7) (10)
Impairments and provision for loan losses 24 0
Change in operating assets and liabilities:    
Deferred acquisition costs 153 (71)
Policyholder account balances, future policy benefits and claims, net 2,913 475
Derivatives, net of collateral (253) 230
Reinsurance recoverables (41) (29)
Other receivables 27 7
Accrued investment income 5 18
Current income tax expense (benefit) (461) (40)
Other, net 185 55
Net cash provided by (used in) operating activities 3,861 775
Available-for-Sale securities:    
Proceeds from sales 79 100
Maturities, sinking fund payments and calls 1,068 1,277
Purchases (1,514) (763)
Proceeds from sales, maturities and repayments of mortgage loans 86 119
Funding of mortgage loans (105) (114)
Proceeds from sales and collections of other investments 76 58
Purchase of other investments (87) (85)
Purchase of equipment and software (5) (4)
Change in policy loans, net 12 0
Cash paid for deposit receivable (1) (347)
Cash received for deposit receivable 53 41
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 108 43
Cash paid for written options with deferred premiums (258) (41)
Other, net 0 (23)
Net cash provided by (used in) investing activities (488) 261
Policyholder account balances:    
Deposits and other additions 774 1,151
Net transfers from (to) separate accounts (15) (28)
Surrenders and other benefits (726) (926)
Proceeds from line of credit with Ameriprise Financial, Inc. 6 3
Payments on line of credit with Ameriprise Financial, Inc. (56) (3)
Cash received for purchased options with deferred premiums 39 60
Cash paid for purchased options with deferred premiums (130) (85)
Cash dividends to Ameriprise Financial, Inc. (500) (550)
Net cash provided by (used in) financing activities (608) (378)
Net increase (decrease) in cash and cash equivalents 2,765 658
Cash and cash equivalents at beginning of period 1,275 1,085
Cash and cash equivalents at end of period 4,040 1,743
Supplemental Disclosures:    
Income taxes paid (received), net 4 63
Interest paid on borrowings 2 2
Non-cash investing activity:    
Partnership commitments not yet remitted 2 2
Investments transferred in connection with reinsurance transaction $ 0 $ 1,265