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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income (loss) $ 968 $ (883) $ (2,775)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization expenses 14 25 56
Amortization of premiums and accretion of discounts associated with investments, net (259) (271) (231)
(Gains) losses on investments, net 204 27 67
(Gains) losses on derivatives, net (102) 3,084 6,998
(Income) loss from equity method investments, net of dividends and distributions (66) (50) 26
Interest credited to policyholder account balances 1,047 1,076 1,131
Universal life and investment-type product policy fees (3,190) (3,156) (3,097)
Goodwill impairment 0 0 381
Change in accrued investment income (177) (80) (35)
Change in premiums, reinsurance and other receivables (224) 55 45
Change in deferred policy acquisition costs and value of business acquired, net 689 660 (555)
Change in income tax 1,111 0 (1,830)
Change in other assets 2,063 2,176 2,152
Change in future policy benefits and other policy-related balances 1,386 1,522 2,404
Change in other liabilities 94 (314) (590)
Other, net 63 75 (16)
Net cash provided by (used in) operating activities 3,621 3,946 4,131
Cash flows from investing activities      
Sales, maturities and repayments of fixed maturity securities 15,621 16,409 45,460
Sales, maturities and repayments of equity securities 22 97 224
Sales, maturities and repayments of mortgage loans 793 761 1,560
Sales, maturities and repayments of real estate joint ventures 87 77 446
Sales, maturities and repayments of other limited partnership interests 187 262 417
Purchases of fixed maturity securities (16,427) (17,811) (39,097)
Purchases of equity securities (2) (2) (58)
Purchases of mortgage loans (3,890) (2,044) (2,847)
Purchases of real estate joint ventures (31) (268) (75)
Purchases of other limited partnership interests (327) (263) (203)
Cash received in connection with freestanding derivatives 1,802 1,859 707
Cash paid in connection with freestanding derivatives (2,938) (3,829) (2,764)
Issuance of loan to affiliate (2) 0 0
Sale of operating joint venture interest to a former affiliate 0 42 0
Receipts on loans to a former affiliate 0 0 50
Net change in policy loans 105 (14) 109
Net change in short-term investments 269 1,057 596
Net change in other invested assets (17) (16) 7
Net cash provided by (used in) investing activities (4,748) (3,683) 4,532
Cash flows from financing activities      
Policyholder account balances: Deposits 5,899 4,381 10,040
Policyholder account balances: Withdrawals (3,400) (3,114) (12,292)
Net change in payables for collateral under securities loaned and other transactions 889 (3,139) (3,251)
Long-term debt issued 228 0 0
Long-term debt repaid (9) (13) (26)
Returns of capital 0 (3,425) 0
Capital contributions 0 1,300 1,688
Capital contribution associated with the sale of operating joint venture interest to a former affiliate 0 202 0
Dividends paid to MetLife, Inc. 0 0 (261)
Financing element on certain derivative instruments and other derivative related transactions, net (303) (149) (1,011)
Other, net (46) 0 0
Net cash provided by (used in) financing activities 3,258 (3,957) (5,113)
Change in cash, cash equivalents and restricted cash 2,131 (3,694) 3,550
Cash, cash equivalents and restricted cash, beginning of year 1,363 5,057 1,507
Cash, cash equivalents and restricted cash, end of year 3,494 1,363 5,057
Supplemental disclosures of cash flow information      
Net cash paid (received) for interest 3 81 130
Net cash paid (received) for income tax (891) (684) 150
Non-cash transactions:      
Transfer of fixed maturity securities from former affiliates 0 0 4,030
Transfer of mortgage loans from former affiliates 0 0 662
Transfer of short-term investments from former affiliates 0 0 94
Transfer of fixed maturity securities to former affiliates 0 293 346
Reduction of other invested assets in connection with affiliated reinsurance transactions 0 0 676
Reduction of policyholder account balances in connection with reinsurance transactions $ 0 $ 293 $ 0