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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]      
Net income (loss) $ 495 $ 210 $ 113
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Capitalization of deferred policy acquisition costs, value of business acquired and sales inducements (64) (80) (80)
Net amortization of deferred policy acquisition costs, value of business acquired and sales inducements 87 234 168
Net accretion/amortization of discount/premium (3) 12 (1)
Future policy benefits, claims reserves and interest credited 547 534 1,289
Deferred income tax (benefit) expense 49 (158) (3)
Net realized capital losses 242 200 213
Depreciation 2 3 4
Change in:      
Accrued investment income 3 (3) (6)
Premiums receivable and reinsurance recoverable 87 138 205
Other receivables and asset accruals (15) 21 7
Due to/from affiliates 18 (105) 30
Other payables and accruals (169) (3) 126
Other, net (33) (24) (11)
Net cash provided by operating activities 1,246 979 2,054
Proceeds from the sale, maturity, disposal or redemption of:      
Fixed maturities 3,983 4,462 3,184
Equity securities, available-for-sale 3 25 49
Mortgage loans on real estate 598 494 375
Limited partnerships/corporations 99 81 71
Acquisition of:      
Fixed maturities (5,475) (4,247) (5,664)
Equity securities, available-for-sale (3) (2) 0
Mortgage loans on real estate (606) (1,149) (900)
Limited partnerships/corporations (254) (120) (113)
Derivatives, net 23 203 28
Policy loans, net 4 5 11
Short-term investments, net (26) 8 (33)
Short-term loan to affiliate, net 80 (80) 0
Collateral received (delivered), net (46) (189) (30)
Other investments, net 40 0 0
Net cash used in investing activities (1,660) (509) (3,022)
Cash Flows from Financing Activities:      
Deposits received for investment contracts 3,744 2,380 3,746
Maturities and withdrawals from investment contracts (3,108) (2,794) (2,534)
Settlements on deposit contracts (20) (64) (66)
Dividends paid and return of capital distribution (126) (265) (278)
Net cash (used in) provided by financing activities 490 (743) 868
Net increase (decrease) in cash and cash equivalents 76 (273) (100)
Cash and cash equivalents, beginning of year 288 561 661
Cash and cash equivalents, end of year 364 288 561
Supplemental cash flow information:      
Income taxes paid, net $ 83 $ 13 $ 15