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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) $ (2,775) $ 918 $ 807
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization expenses 56 25 31
Amortization of premiums and accretion of discounts associated with investments, net (231) (233) (173)
(Gains) losses on investments and from sales of businesses, net 66 (5) 489
(Gains) losses on derivatives, net 6,998 1,321 1,255
(Income) loss from equity method investments, net of dividends or distributions 26 110 (17)
Interest credited to policyholder account balances 1,131 1,224 1,245
Universal life and investment-type product policy fees (3,097) (3,293) (3,610)
Goodwill impairment 381 0 33
Change in accrued investment income (35) 10 107
Change in premiums, reinsurance and other receivables 45 (403) (879)
Change in deferred policy acquisition costs and value of business acquired, net (555) 273 690
Change in income tax (1,830) 724 762
Change in other assets 2,152 2,231 2,376
Change in future policy benefits and other policy-related balances 2,404 2,283 1,103
Change in other liabilities (590) (206) 1,562
Other, net (15) 13 (20)
Net cash provided by (used in) operating activities 4,131 4,992 5,761
Cash flows from investing activities      
Sales, maturities and repayments of fixed maturity securities 45,460 38,341 22,990
Sales, maturities and repayments of equity securities 224 308 98
Sales, maturities and repayments of mortgage loans 1,560 1,083 2,456
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 (39,097) (43,502) (28,056)
Purchases of equity securities (58) (273) (89)
Purchases of mortgage loans (2,847) (2,560) (353)
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 707 224 788
Cash paid in connection with freestanding derivatives (2,764) (869) (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 26 520
Receipts on loans to affiliates 50 0 0
Net change in policy loans 109 (72) 52
Net change in short-term investments 596 (343) 3,491
Net change in other invested assets 7 (55) (598)
Net cash provided by (used in) investing activities 4,532 (7,097) (512)
Cash flows from financing activities      
Policyholder account balances: Deposits 10,040 20,269 18,947
Policyholder account balances: Withdrawals (12,292) (21,078) (21,853)
Net change in payables for collateral under securities loaned and other transactions (3,251) 3,121 704
Long-term debt issued 0 175 0
Long-term debt repaid (26) (235) (1,379)
Financing element on certain derivative instruments and other derivative related transactions, net (1,011) (97) (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 from MetLife, Inc. 1,688 406 476
Net cash provided by (used in) financing activities (5,113) 2,061 (5,064)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances 0 (2) (45)
Change in cash and cash equivalents 3,550 (46) 140
Cash and cash equivalents, beginning of year 1,507 1,553 1,413
Cash and cash equivalents, end of year 5,057 1,507 1,553
Supplemental disclosures of cash flow information      
Interest 130 137 171
Income tax 150 (463) (471)
Non-cash transactions:      
Returns of capital 26 50 40
Capital contributions 69 181 457
Transfer of fixed maturity securities from affiliates 4,030 0 0
Transfer of mortgage loans from affiliates 662 0 0
Transfer of short-term investments from affiliates 94 0 0
Transfer of fixed maturity securities to affiliates 346 0 804
Transfer of mortgage loans to affiliates 0 0 94
Reduction of other invested assets in connection with reinsurance transactions 676 0 863
Transfer of policyholder account balances to affiliate $ 0 $ 0 $ 528