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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (55) $ 80
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 3,705 2,595
Sales, maturities and repayments of equity securities 20 53
Sales, maturities and repayments of mortgage loans 461 724
Sales, maturities and repayments of limited partnerships and limited liability companies 67 49
Purchases of fixed maturity securities (5,487) (3,945)
Purchases of equity securities 0 (6)
Purchases of mortgage loans (1,972) (568)
Purchases of limited partnerships and limited liability companies (279) (204)
Cash received in connection with freestanding derivatives 1,437 1,012
Cash paid in connection with freestanding derivatives (1,196) (1,581)
Net change in policy loans (7) 40
Net change in short-term investments 551 1,573
Net change in other invested assets (17) 0
Net cash provided by (used in) investing activities (2,717) (258)
Cash flows from financing activities    
Policyholder account balances: Deposits 6,208 1,921
Policyholder account balances: Withdrawals (3,714) (682)
Net change in payables for collateral under securities loaned and other transactions (58) (968)
Long-term debt repaid (1) 0
Financing element on certain derivative instruments and other derivative related transactions, net (76) (67)
Net cash provided by (used in) financing activities 2,359 204
Change in cash, cash equivalents and restricted cash (413) 26
Cash, cash equivalents and restricted cash, beginning of period 3,904 3,684
Cash, cash equivalents and restricted cash, end of period 3,491 3,710
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 34 34
Net cash paid (received) for income tax $ 1 $ (21)