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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 80 $ 158
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 2,595 1,644
Sales, maturities and repayments of equity securities 53 14
Sales, maturities and repayments of mortgage loans 724 480
Sales, maturities and repayments of limited partnerships and limited liability companies 49 69
Purchases of fixed maturity securities (3,945) (2,469)
Purchases of equity securities (6) 0
Purchases of mortgage loans (568) (277)
Purchases of limited partnerships and limited liability companies (204) (178)
Cash received in connection with freestanding derivatives 1,012 3,411
Cash paid in connection with freestanding derivatives (1,581) (1,806)
Issuances of loans to affiliate 0 (100)
Net change in policy loans 40 39
Net change in short-term investments 1,573 (2,245)
Net change in other invested assets 0 18
Net cash provided by (used in) investing activities (258) (1,400)
Cash flows from financing activities    
Policyholder account balances: Deposits 1,921 1,839
Policyholder account balances: Withdrawals (682) (473)
Net change in payables for collateral under securities loaned and other transactions (968) 6,590
Long-term and short-term debt issued 0 100
Dividends paid to parent 0 (300)
Financing element on certain derivative instruments and other derivative related transactions, net (67) (486)
Other, net 0 (13)
Net cash provided by (used in) financing activities 204 7,257
Change in cash, cash equivalents and restricted cash 26 6,015
Cash, cash equivalents and restricted cash, beginning of period 3,684 2,493
Cash, cash equivalents and restricted cash, end of period 3,710 8,508
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 34 34
Net cash paid (received) for income tax $ (21) $ 0