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Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]    
Net income (loss) $ (19) $ 1
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 19 15
Policy charges and fee income (69) (66)
Net derivative (gains) losses 3 0
Dividend from AB Units 0 3
Equity in (income) loss from AB 0 (2)
Investment (gains) losses, net 1 0
Non-cash long-term incentive compensation expense 1 1
Amortization of deferred cost of reinsurance asset 0 0
Amortization and depreciation 19 13
Changes in:    
Reinsurance recoverable 14 25
Capitalization of deferred policy acquisition costs (26) (25)
Future policy benefits (4) (14)
Current and deferred income taxes (3) 30
Other, net 73 8
Net cash provided by (used in) operating activities 9 (11)
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 50 36
Short-term investments (2) 0
Other 0 0
Payment for the purchase/origination of:    
Fixed maturities, available-for-sale (119) (189)
Other (1) 0
Cash settlements related to derivative instruments, net (24) 22
Other, net 0 (4)
Net cash provided by (used in) investing activities (96) (135)
Cash flows from financing activities:    
Deposits 187 172
Withdrawals (20) (62)
Transfer (to) from Separate Accounts (59) (15)
Change in collateralized pledged liabilities (1) (1)
Shareholder dividend paid 0 0
Cash contribution from parent company 0 0
Other, net (1) 1
Net cash provided by (used in) financing activities 106 95
Change in cash and cash equivalents 19 (51)
Cash and cash equivalents, beginning of year 127 161
Cash and cash equivalents, end of year $ 146 $ 110