XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (161) $ (688)
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 4,560 8,442
Sales, maturities and repayments of equity securities 16 41
Sales, maturities and repayments of mortgage loans 880 1,767
Sales, maturities and repayments of limited partnerships and limited liability companies 136 180
Purchases of fixed maturity securities (6,528) (14,255)
Purchases of equity securities (3) (14)
Purchases of mortgage loans (659) (4,060)
Purchases of limited partnerships and limited liability companies (336) (619)
Cash received in connection with freestanding derivatives 3,990 3,737
Cash paid in connection with freestanding derivatives (4,634) (3,395)
Receipts on loans to affiliate 125 0
Issuances of loans to affiliate 0 (125)
Net change in policy loans (23) (17)
Net change in short-term investments (177) 384
Net change in other invested assets (115) (101)
Net cash provided by (used in) investing activities (2,768) (8,035)
Cash flows from financing activities    
Policyholder account balances: Deposits 15,929 23,155
Policyholder account balances: Withdrawals (12,699) (14,202)
Net change in payables for collateral under securities loaned and other transactions (623) 265
Long-term and short-term debt issued 0 125
Long-term and short-term debt repaid (126) (2)
Financing element on certain derivative instruments and other derivative related transactions, net 36 (137)
Other, net (1) (1)
Net cash provided by (used in) financing activities 2,516 9,203
Change in cash, cash equivalents and restricted cash (413) 480
Cash, cash equivalents and restricted cash, beginning of period 3,752 3,904
Cash, cash equivalents and restricted cash, end of period 3,339 4,384
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 70 67
Net cash paid (received) for income tax $ 1 $ 93