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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (511) $ (90)
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 1,459 3,705
Sales, maturities and repayments of equity securities 2 20
Sales, maturities and repayments of mortgage loans 262 461
Sales, maturities and repayments of limited partnerships and limited liability companies 37 67
Purchases of fixed maturity securities (1,854) (5,487)
Purchases of equity securities (1) 0
Purchases of mortgage loans (173) (1,972)
Purchases of limited partnerships and limited liability companies (121) (279)
Cash received in connection with freestanding derivatives 1,106 1,437
Cash paid in connection with freestanding derivatives (1,752) (1,196)
Receipts on loans to affiliate 50 0
Net change in policy loans 10 (7)
Net change in short-term investments (195) 551
Net change in other invested assets (18) (17)
Net cash provided by (used in) investing activities (1,188) (2,717)
Cash flows from financing activities    
Policyholder account balances: Deposits 6,743 6,218
Policyholder account balances: Withdrawals (5,269) (3,689)
Net change in payables for collateral under securities loaned and other transactions (159) (58)
Long-term and short-term debt repaid (50) (1)
Financing element on certain derivative instruments and other derivative related transactions, net 84 (76)
Net cash provided by (used in) financing activities 1,349 2,394
Change in cash, cash equivalents and restricted cash (350) (413)
Cash, cash equivalents and restricted cash, beginning of period 3,752 3,904
Cash, cash equivalents and restricted cash, end of period 3,402 3,491
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 36 34
Net cash paid (received) for income tax $ 0 $ 1