XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (595) $ (511)
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 2,241 1,459
Sales, maturities and repayments of equity securities 24 2
Sales, maturities and repayments of mortgage loans 281 262
Sales, maturities and repayments of limited partnerships and limited liability companies 78 37
Purchases of fixed maturity securities (2,426) (1,854)
Purchases of equity securities (1) (1)
Purchases of mortgage loans (446) (173)
Purchases of limited partnerships and limited liability companies (79) (121)
Cash received in connection with freestanding derivatives 3,561 1,106
Cash paid in connection with freestanding derivatives (3,174) (1,752)
Receipts on loans to affiliate 0 50
Net change in policy loans (318) 10
Net change in short-term investments (85) (195)
Net change in other invested assets (201) (18)
Net cash provided by (used in) investing activities (545) (1,188)
Cash flows from financing activities    
Policyholder account balances: Deposits 7,696 6,743
Policyholder account balances: Withdrawals (6,426) (5,269)
Net change in payables for collateral under securities loaned and other transactions (18) (159)
Short-term debt repaid 0 (50)
Financing element on certain derivative instruments and other derivative related transactions, net (130) 84
Net cash provided by (used in) financing activities 1,122 1,349
Change in cash, cash equivalents and restricted cash (18) (350)
Cash, cash equivalents and restricted cash, beginning of period 3,165 3,752
Cash, cash equivalents and restricted cash, end of period 3,147 3,402
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 34 36
Net cash paid (received) for income tax $ 1 $ 0