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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (192) $ (504)
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 5,416 2,948
Sales, maturities and repayments of equity securities 32 9
Sales, maturities and repayments of mortgage loans 685 549
Sales, maturities and repayments of limited partnerships and limited liability companies 155 81
Purchases of fixed maturity securities (6,392) (4,142)
Purchases of equity securities (3) (2)
Purchases of mortgage loans (883) (342)
Purchases of limited partnerships and limited liability companies (153) (254)
Cash received in connection with freestanding derivatives 5,616 2,625
Cash paid in connection with freestanding derivatives (5,743) (3,018)
Receipts on loans to affiliate 0 125
Net change in policy loans (138) (5)
Net change in short-term investments (46) (200)
Net change in other invested assets (189) (83)
Net cash provided by (used in) investing activities (1,643) (1,709)
Cash flows from financing activities    
Policyholder account balances: Deposits 20,400 11,431
Policyholder account balances: Withdrawals (17,963) (9,035)
Net change in payables for collateral under securities loaned and other transactions 234 (436)
Long-term and short-term debt repaid (1) (126)
Financing element on certain derivative instruments and other derivative related transactions, net (183) (61)
Other, net (1) (1)
Net cash provided by (used in) financing activities 2,486 1,772
Change in cash, cash equivalents and restricted cash 651 (441)
Cash, cash equivalents and restricted cash, beginning of period 3,165 3,752
Cash, cash equivalents and restricted cash, end of period 3,816 3,311
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 34 38
Net cash paid (received) for income tax $ 1 $ 1