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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:        
Net income $ 586,000,000 $ 387,000,000 $ 333,000,000  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Future policy benefits, claims reserves and interest credited 577,000,000 538,000,000 449,000,000  
Deferred income tax (benefit) expense 0 (1,000,000) (50,000,000)  
Net (gains) losses 44,000,000 134,000,000 429,000,000  
(Gains) losses on limited partnerships/corporations 12,000,000 (29,000,000) (34,000,000)  
Deferred policy acquisition costs, value of business acquired and sales inducements, net 13,000,000 (17,000,000) (23,000,000)  
Change in:        
Premium receivable and reinsurance recoverable 313,000,000 205,000,000 200,000,000  
Other receivables and asset accruals (62,000,000) 4,000,000 9,000,000  
Due to/from affiliates (73,000,000) 30,000,000 48,000,000  
Other payables and accruals (22,000,000) (25,000,000) (147,000,000)  
Other, net (10,000,000) 2,000,000 (13,000,000)  
Net cash provided by operating activities 1,378,000,000 1,320,000,000 1,315,000,000  
Proceeds from the sale, maturity, disposal or redemption of:        
Fixed maturities 4,586,000,000 4,781,000,000 5,351,000,000  
Equity securities 0 64,000,000 5,000,000  
Mortgage loans on real estate 627,000,000 451,000,000 597,000,000  
Limited partnerships/corporations 82,000,000 102,000,000 82,000,000  
Acquisition of:        
Fixed maturities (4,245,000,000) (3,191,000,000) (6,084,000,000)  
Mortgage loans on real estate (243,000,000) (296,000,000) (588,000,000)  
Limited partnerships/corporations (246,000,000) (113,000,000) (179,000,000)  
Derivatives, net 86,000,000 (65,000,000) (264,000,000)  
Short-term investments, net 66,000,000 162,000,000 (248,000,000)  
Short-term loan to affiliate, net 195,000,000 (295,000,000) 130,000,000  
Increase (Decrease) in Collateral Held under Securities Lending 155,000,000 78,000,000 21,000,000  
Receipts on deposit asset contracts 204,000,000 240,000,000 119,000,000  
Other, net 0 42,000,000 28,000,000  
Net cash provided by (used in) investing activities 1,267,000,000 1,934,000,000 (544,000,000)  
Cash Flows from Financing Activities:        
Deposits received for investment contracts 1,992,000,000 1,559,000,000 4,388,000,000  
Maturities and withdrawals from investment contracts (3,847,000,000) (4,536,000,000) (4,530,000,000)  
Dividends paid and distributions of capital (473,000,000) (310,000,000) (857,000,000)  
Proceeds from (Payments for) Other Financing Activities 13,000,000 (1,000,000) 12,000,000  
Net cash (used in) financing activities (2,315,000,000) (3,288,000,000) (987,000,000)  
Net increase (decrease) in cash and cash equivalents 330,000,000 (34,000,000) (216,000,000)  
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents (516,000,000) (186,000,000) (220,000,000) $ (436,000,000)
Supplemental disclosure of cash flow information:        
Income taxes paid (received), net 57,000,000 (6,000,000) $ 46,000,000  
Contribution of capital $ 0 $ 0