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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ (154) $ (161)
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 7,802 4,560
Sales, maturities and repayments of equity securities 34 16
Sales, maturities and repayments of mortgage loans 1,032 880
Sales, maturities and repayments of limited partnerships and limited liability companies 227 136
Purchases of fixed maturity securities (8,305) (6,528)
Purchases of equity securities (3) (3)
Purchases of mortgage loans (1,500) (659)
Purchases of limited partnerships and limited liability companies (216) (336)
Cash received in connection with freestanding derivatives 8,641 3,990
Cash paid in connection with freestanding derivatives (8,639) (4,634)
Receipts on loans to affiliate 0 125
Net change in policy loans (57) (23)
Net change in short-term investments (509) (177)
Net change in other invested assets (293) (115)
Net cash provided by (used in) investing activities (1,786) (2,768)
Cash flows from financing activities    
Policyholder account balances: Deposits 38,787 15,929
Policyholder account balances: Withdrawals (35,399) (12,699)
Net change in payables for collateral under securities loaned and other transactions 94 (623)
Long-term and short-term debt repaid (2) (126)
Financing element on certain derivative instruments and other derivative related transactions, net 297 36
Other, net (1) (1)
Net cash provided by (used in) financing activities 3,776 2,516
Change in cash, cash equivalents and restricted cash 1,836 (413)
Cash, cash equivalents and restricted cash, beginning of period 3,165 3,752
Cash, cash equivalents and restricted cash, end of period 5,001 3,339
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 66 70
Net cash paid (received) for income tax $ 1 $ 1