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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 528 $ 659
Proceeds from the sale, maturity, disposal or redemption of:    
Fixed maturities 1,691 2,285
Equity securities 1 0
Mortgage loans on real estate 202 387
Limited partnerships/corporations 30 31
Acquisition of:    
Fixed maturities (2,241) (2,324)
Equity securities (30) 0
Mortgage loans on real estate (269) (215)
Limited partnerships/corporations (89) (81)
Derivatives, net 118 84
Policy loans, net 10 3
Short-term loan to affiliate, net (185) 0
Collateral received (delivered), net (10) (155)
Other investments, net 1 (3)
Net cash (used in) provided by investing activities (771) 12
Cash Flows from Financing Activities:    
Deposits received for investment contracts 2,591 1,611
Maturities and withdrawals from investment contracts (2,255) (2,014)
Settlements on deposit contracts (1) (2)
Proceeds from loans with affiliates 54 46
Payments of Distributions to Affiliates (294) (396)
Net cash provided by (used in) financing activities 95 (755)
Net decrease in cash and cash equivalents (148) (84)
Cash and cash equivalents, beginning of period 512 371
Cash and cash equivalents, end of period $ 364 $ 287