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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (504) $ 227
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 2,948 6,221
Sales, maturities and repayments of equity securities 9 41
Sales, maturities and repayments of mortgage loans 549 1,379
Sales, maturities and repayments of limited partnerships and limited liability companies 81 134
Purchases of fixed maturity securities (4,142) (10,603)
Purchases of equity securities (2) (14)
Purchases of mortgage loans (342) (3,098)
Purchases of limited partnerships and limited liability companies (254) (432)
Cash received in connection with freestanding derivatives 2,625 2,723
Cash paid in connection with freestanding derivatives (3,018) (2,220)
Receipts on loans to affiliate 125 0
Issuances of loans to affiliate 0 (125)
Net change in policy loans (5) (17)
Net change in short-term investments (200) 555
Net change in other invested assets (83) (58)
Net cash provided by (used in) investing activities (1,709) (5,514)
Cash flows from financing activities    
Policyholder account balances: Deposits 11,431 13,892
Policyholder account balances: Withdrawals (9,035) (8,438)
Net change in payables for collateral under securities loaned and other transactions (436) 403
Long-term and short-term debt issued 0 125
Long-term and short-term debt repaid (126) (1)
Financing element on certain derivative instruments and other derivative related transactions, net (61) (112)
Other, net (1) (1)
Net cash provided by (used in) financing activities 1,772 5,868
Change in cash, cash equivalents and restricted cash (441) 581
Cash, cash equivalents and restricted cash, beginning of period 3,752 3,904
Cash, cash equivalents and restricted cash, end of period 3,311 4,485
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 38 34
Net cash paid (received) for income tax $ 1 $ 93