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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income (loss) $ 387,000,000 $ 333,000,000 $ 796,000,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Future policy benefits, claims reserves and interest credited 538,000,000 449,000,000 492,000,000
Deferred income tax (benefit) expense (1,000,000) (50,000,000) 200,000,000
Net (gains) losses 134,000,000 429,000,000 (166,000,000)
(Gains) losses on limited partnerships/corporations 29,000,000 (34,000,000) 147,000,000
Deferred Policy Acquisition Costs, Period Increase (Decrease) 17,000,000 (23,000,000) (54,000,000)
Change in:      
Premiums receivable and reinsurance recoverable 205,000,000 200,000,000 (228,000,000)
Other receivables and asset accruals 4,000,000 9,000,000 10,000,000
Due to/from affiliates 30,000,000 48,000,000 33,000,000
Other payables and accruals (25,000,000) (147,000,000) 447,000,000
Other, net 2,000,000 (13,000,000) (27,000,000)
Net cash provided by operating activities 1,320,000,000 1,315,000,000 1,464,000,000
Proceeds from the sale, maturity, disposal or redemption of:      
Fixed maturities 4,781,000,000 5,351,000,000 4,865,000,000
Equity securities 64,000,000 5,000,000 158,000,000
Mortgage loans on real estate 451,000,000 597,000,000 606,000,000
Limited partnerships/corporations 102,000,000 82,000,000 318,000,000
Acquisition of:      
Fixed maturities (3,191,000,000) (6,084,000,000) (5,776,000,000)
Equity securities 0 0 178,000,000
Mortgage loans on real estate (296,000,000) (588,000,000) (690,000,000)
Limited partnerships/corporations (113,000,000) (179,000,000) (238,000,000)
Derivatives, net 65,000,000 264,000,000 (54,000,000)
Short-term investments, net 162,000,000 (248,000,000) 15,000,000
Short-term loan to affiliate, net (295,000,000) 130,000,000 523,000,000
Receipts on deposit asset contracts 240,000,000 119,000,000 70,000,000
Other, net (36,000,000) 7,000,000 (50,000,000)
Net cash provided by (used in) investing activities 1,934,000,000 (544,000,000) (431,000,000)
Cash Flows from Financing Activities:      
Deposits received for investment contracts 1,559,000,000 4,388,000,000 4,281,000,000
Maturities and withdrawals from investment contracts (4,536,000,000) (4,530,000,000) (4,718,000,000)
Dividends paid and distributions of capital (310,000,000) (857,000,000) (552,000,000)
Capital contribution from parent 0 0 20,000,000
Proceeds from (Payments for) Other Financing Activities (1,000,000) 12,000,000 12,000,000
Net cash (used in) financing activities (3,288,000,000) (987,000,000) (957,000,000)
Net increase (decrease) in cash and cash equivalents (34,000,000) (216,000,000) 76,000,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance 186,000,000 220,000,000 436,000,000
Supplemental disclosure of cash flow information:      
Income taxes paid (received), net (6,000,000) 46,000,000 (92,000,000)
Noncash capital contribution from parent     $ 298,000,000
Contribution of capital $ 0 $ 0