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Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income (loss) $ 300,000,000 $ 445,000,000 $ 115,000,000
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 (49,000,000) (64,000,000) (80,000,000)
Net amortization of deferred policy acquisition costs, value of business acquired and sales inducements 65,000,000 87,000,000 234,000,000
Net accretion/amortization of discount/premium 5,000,000 (3,000,000) 12,000,000
Future policy benefits, claims reserves and interest credited 568,000,000 547,000,000 534,000,000
Deferred income tax (benefit) expense 23,000,000 58,000,000 (95,000,000)
Net realized capital losses 144,000,000 242,000,000 200,000,000
Depreciation and amortization 21,000,000 14,000,000 17,000,000
(Gains) losses on limited partnerships/corporations (35,000,000) 0 0
Change in:      
Accrued investment income 9,000,000 3,000,000 (3,000,000)
Premiums receivable and reinsurance recoverable 105,000,000 87,000,000 138,000,000
Other receivables and asset accruals 55,000,000 (8,000,000) 19,000,000
Due to/from affiliates 2,000,000 24,000,000 (113,000,000)
Other payables and accruals 158,000,000 (176,000,000) 10,000,000
Other, net (8,000,000) (33,000,000) (24,000,000)
Net cash provided by operating activities 1,363,000,000 1,223,000,000 964,000,000
Proceeds from the sale, maturity, disposal or redemption of:      
Fixed maturities 3,956,000,000 3,983,000,000 4,462,000,000
Equity securities, available-for-sale 3,000,000 3,000,000 25,000,000
Mortgage loans on real estate 803,000,000 598,000,000 494,000,000
Limited partnerships/corporations 70,000,000 99,000,000 81,000,000
Acquisition of:      
Fixed maturities (4,582,000,000) (5,475,000,000) (4,247,000,000)
Equity securities, available-for-sale (12,000,000) (3,000,000) (2,000,000)
Mortgage loans on real estate (555,000,000) (606,000,000) (1,149,000,000)
Limited partnerships/corporations (190,000,000) (254,000,000) (120,000,000)
Derivatives, net 23,000,000 23,000,000 203,000,000
Policy loans, net 5,000,000 4,000,000 5,000,000
Short-term investments, net 50,000,000 (26,000,000) 8,000,000
Short-term loan to affiliate, net (69,000,000) 80,000,000 (80,000,000)
Collateral received (delivered), net (86,000,000) (46,000,000) (189,000,000)
Other, net (3,000,000) (45,000,000) (6,000,000)
Net cash used in investing activities (587,000,000) (1,665,000,000) (515,000,000)
Cash Flows from Financing Activities:      
Deposits received for investment contracts 3,395,000,000 3,744,000,000 2,380,000,000
Maturities and withdrawals from investment contracts (3,686,000,000) (3,108,000,000) (2,794,000,000)
Settlements on deposit contracts (5,000,000) (20,000,000) (64,000,000)
Short-term loans from affiliates, net 0 (68,000,000) 26,000,000
Dividends paid and return of capital distribution (396,000,000) (126,000,000) (265,000,000)
Proceeds from Contributions from Parent 57,000,000 55,000,000 12,000,000
Net cash (used in) provided by financing activities (635,000,000) 477,000,000 (705,000,000)
Net increase (decrease) in cash and cash equivalents 141,000,000 35,000,000 (256,000,000)
Cash and cash equivalents, beginning of year 371,000,000 336,000,000 592,000,000
Cash and cash equivalents, end of year 512,000,000 371,000,000 336,000,000
Supplemental cash flow information:      
Income taxes paid (received), net $ (13,000,000) $ 60,000,000 $ (43,000,000)