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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income (loss) $ (2,937) $ 839 $ 295
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization expenses 52 23 30
Amortization of premiums and accretion of discounts associated with investments, net (197) (204) (166)
(Gains) losses on investments and from sales of businesses, net 32 (36) 469
(Gains) losses on derivatives, net 7,082 1,225 1,443
(Income) loss from equity method investments, net of dividends or distributions 26 108 (11)
Interest credited to policyholder account balances 957 1,037 1,062
Universal life and investment-type product policy fees (2,696) (2,940) (3,193)
Goodwill impairment 381 0 33
Change in accrued investment income (44) 9 124
Change in premiums, reinsurance and other receivables (1,157) (586) (1,479)
Change in deferred policy acquisition costs and value of business acquired, net (455) 270 711
Change in income tax (2,195) 491 245
Change in other assets 2,060 2,127 2,258
Change in future policy benefits and other policy-related balances 2,197 2,104 1,398
Change in other liabilities 389 (267) 1,390
Other, net (206) 5 (67)
Net cash provided by (used in) operating activities 3,289 4,205 4,542
Cash flows from investing activities      
Sales, maturities and repayments of fixed maturity securities 39,080 35,704 20,249
Sales, maturities and repayments of equity securities 175 308 98
Sales, maturities and repayments of mortgage loans 1,518 1,059 2,428
Sales, maturities and repayments of real estate and real estate joint ventures 446 512 28
Sales, maturities and repayments of other limited partnership interests 417 425 255
Purchases of fixed maturity securities (34,906) (39,298) (24,520)
Purchases of equity securities (58) (273) (41)
Purchases of mortgage loans (2,803) (2,515) (343)
Purchases of real estate and real estate joint ventures (75) (109) (209)
Purchases of other limited partnership interests (203) (233) (345)
Cash received in connection with freestanding derivatives 707 223 788
Cash paid in connection with freestanding derivatives (2,764) (868) (1,991)
Cash received under repurchase agreements 0 199 0
Cash paid under repurchase agreements 0 (199) 0
Cash received under reverse repurchase agreements 0 199 0
Cash paid under reverse repurchase agreements 0 (199) 0
Sale of business, net of cash and cash equivalents disposed of $0, $0 and $251, respectively 0 0 451
Sales of loans to affiliates 0 0 520
Net change in policy loans 109 (72) 52
Net change in short-term investments 882 (495) 3,581
Net change in other invested assets 7 (55) (305)
Net cash provided by (used in) investing activities 2,532 (5,687) 696
Cash flows from financing activities      
Policyholder account balances: Deposits 9,672 19,970 18,581
Policyholder account balances: Withdrawals (12,001) (20,797) (21,564)
Net change in payables for collateral under securities loaned and other transactions (3,257) 3,118 703
Long-term debt issued 0 175 0
Long-term debt repaid (26) (235) (1,379)
Financing element on certain derivative instruments, net (1,011) (81) (414)
Redemption of common stock 0 0 (906)
Common stock redemption premium 0 0 (484)
Dividends paid to MetLife, Inc. (261) (500) (155)
Capital contributions 1,568 11 231
Net cash provided by (used in) financing activities (5,316) 1,661 (5,387)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances 0 (2) (45)
Change in cash and cash equivalents 505 177 (194)
Cash and cash equivalents, beginning of year 1,383 1,206 1,400
Cash and cash equivalents, end of year 1,888 1,383 1,206
Supplemental disclosures of cash flow information      
Interest 70 77 116
Income tax 431 (263) (221)
Non-cash transactions:      
Capital contributions 10 5 13
Transfer of fixed maturity securities from affiliates 3,565 0 0
Transfer of mortgage loans from affiliates 395 0 0
Transfer of short-term investments from affiliates 94 0 0
Transfer of fixed maturity securities to affiliates 346 0 804
Reduction of other invested assets in connection with reinsurance transactions $ 676 $ 0 $ 0