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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement of Cash Flows [Abstract]      
Net income (loss) $ 3,394 $ 706 $ 1,060
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Interest credited to policyholders’ account balances 1,040 1,029 887
Policy charges and fee income (3,334) (3,344) (3,291)
Net derivative (gains) losses (890) 1,211 1,161
Investment (gains) losses, net 125 (16) 20
Realized and unrealized (gains) losses on trading securities (166) 41 43
Non-cash long term incentive compensation expense 185 152 172
Amortization of deferred sales commission 32 41 49
Other depreciation and amortization (136) (98) (18)
Amortization of deferred cost of reinsurance asset (84) 159 121
Amortization of other intangibles 31 29 28
Return of real estate joint venture and limited partnerships 140 126 161
Changes in:      
Net broker-dealer and customer related receivables/payables (278) 608 (38)
Reinsurance recoverable (416) (304) (929)
Segregated cash and securities, net 130 (381) (89)
Deferred policy acquisition costs 268 52 (243)
Future policy benefits 1,511 431 631
Current and deferred income taxes (664) (742) 50
Other, net 189 (161) (99)
Net cash provided by (used in) operating activities 1,077 (461) (324)
Cash flows from investing activities:      
Fixed maturities, available for sale 9,738 7,154 4,368
Mortgage loans on real estate 934 676 609
Trading account securities 9,125 6,271 10,768
Other 228 32 134
Fixed maturities, available for sale (12,465) (7,873) (4,701)
Mortgage loans on real estate (2,108) (3,261) (1,311)
Trading account securities (12,667) (8,691) (12,501)
Other (280) (250) (132)
Cash settlements related to derivative instruments (1,259) 102 529
Decrease in loans to affiliates 0 384 0
Change in short-term investments (264) (205) (363)
Investment in capitalized software, leasehold improvements and EDP equipment (100) (85) (71)
Purchase of business, net of cash acquired (130) (21) 0
Other, net 238 409 203
Net cash provided by (used in) investing activities (9,010) (5,358) (2,468)
Cash flows from financing activities:      
Deposits 9,882 9,746 5,757
Withdrawals (5,926) (2,874) (2,861)
Transfer (to) from Separate Accounts 1,656 1,202 1,045
Change in short-term financings 53 (69) 95
Change in collateralized pledged assets 710 (677) (2)
Change in collateralized pledged liabilities 1,108 125 (270)
(Decrease) increase in overdrafts payable 63 (85) 80
Repayment of long term debt 0 0 (200)
Shareholder dividends paid 0 (1,050) (767)
Repurchase of AB Holding units (220) (236) (214)
Redemptions (purchases) of non-controlling interests of consolidated company-sponsored investment funds 120 (137) 0
Distribution to noncontrolling interest in consolidated subsidiaries (457) (385) (414)
Increase (decrease) in Securities sold under agreement to repurchase (109) 104 939
(Increase) decrease in securities purchased under agreement to resell 0 79 (79)
Capital Contribution from Parent 1,500 0 0
Other, net (10) 8 5
Net cash provided by (used in) financing activities 8,370 5,751 3,114
Effect of exchange rate changes on cash and cash equivalents 22 (10) (10)
Change in cash and cash equivalents 459 (78) 312
Cash and cash equivalents, beginning of year 2,950 [1] 3,028 2,716
Cash and cash equivalents, end of year 3,409 [1] 2,950 [1] 3,028
Supplemental cash flow information:      
Interest paid (8) (11) 19
Income taxes (refunded) paid $ 33 $ 613 $ (80)
[1] See Note 2 for details of balances with variable interest entities.