Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Consolidating Balance Sheet

The following table presents the condensed consolidating balance sheet information as of December 31, 2013:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Assets
Investments:
Fixed maturity securities available-for-sale, at fair value	$	—		$	150		$	58,679		$	(200	)	$	58,629
Equity securities available-for-sale, at fair value		—			—			341			—			341
Commercial mortgage loans		—			—			5,899			—			5,899
Restricted commercial mortgage loans related to securitization entities		—			—			233			—			233
Policy loans		—			—			1,434			—			1,434
Other invested assets		—			91			1,595			—			1,686
Restricted other invested assets related to securitization entities, at fair value		—			—			391			—			391
Investments in subsidiaries		14,358			14,929			—			(29,287	)		—
Total investments		14,358			15,170			68,572			(29,487	)		68,613
Cash and cash equivalents		—			1,219			2,995			—			4,214
Accrued investment income		—			—			682			(4	)		678
Deferred acquisition costs		—			—			5,278			—			5,278
Intangible assets		—			—			399			—			399
Goodwill		—			—			867			—			867
Reinsurance recoverable		—			—			17,219			—			17,219
Other assets		(2	)		276			367			(2	)		639
Intercompany notes receivable		8			248			393			(649	)		—
Separate account assets		—			—			10,138			—			10,138
Total assets	$	14,364		$	16,913		$	106,910		$	(30,142	)	$	108,045
Liabilities and stockholders’ equity
Liabilities:
Future policy benefits	$	—		$	—		$	33,705		$	—		$	33,705
Policyholder account balances		—			—			25,528			—			25,528
Liability for policy and contract claims		—			—			7,204			—			7,204
Unearned premiums		—			—			4,107			—			4,107
Other liabilities		(3	)		365			3,739			(5	)		4,096
Intercompany notes payable		—			601			248			(849	)		—
Borrowings related to securitization entities		—			—			242			—			242
Non-recourse funding obligations		—			—			2,038			—			2,038
Long-term borrowings		—			4,636			525			—			5,161
Deferred tax liability		(26	)		(796	)		1,028			—			206
Separate account liabilities		—			—			10,138			—			10,138
Total liabilities		(29	)		4,806			88,502			(854	)		92,425
Stockholders’ equity:
Common stock		1			—			—			—			1
Additional paid-in capital		12,127			9,297			17,215			(26,512	)		12,127
Accumulated other comprehensive income (loss)		2,542			2,507			2,512			(5,019	)		2,542
Retained earnings		2,423			303			(2,551	)		2,248			2,423
Treasury stock, at cost		(2,700	)		—			—			—			(2,700	)
Total Genworth Financial, Inc.’s stockholders’ equity		14,393			12,107			17,176			(29,283	)		14,393
Noncontrolling interests		—			—			1,232			(5	)		1,227
Total stockholders’ equity		14,393			12,107			18,408			(29,288	)		15,620
Total liabilities and stockholders’ equity	$	14,364		$	16,913		$	106,910		$	(30,142	)	$	108,045

The following table presents the condensed consolidating balance sheet information as of December 31, 2012:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Assets
Investments:
Fixed maturity securities available-for-sale, at fair value	$	—		$	151		$	62,210		$	(200	)	$	62,161
Equity securities available-for-sale, at fair value		—			—			518			—			518
Commercial mortgage loans		—			—			5,872			—			5,872
Restricted commercial mortgage loans related to securitization entities		—			—			341			—			341
Policy loans		—			—			1,601			—			1,601
Other invested assets		—			5			3,488			—			3,493
Restricted other invested assets related to securitization entities, at fair value		—			—			393			—			393
Investments in subsidiaries		16,429			17,725			—			(34,154	)		—
Total investments		16,429			17,881			74,423			(34,354	)		74,379
Cash and cash equivalents		—			843			2,789			—			3,632
Accrued investment income		—			—			719			(4	)		715
Deferred acquisition costs		—			—			5,036			—			5,036
Intangible assets		—			—			366			—			366
Goodwill		—			—			868			—			868
Reinsurance recoverable		—			—			17,230			—			17,230
Other assets		1			294			417			(2	)		710
Intercompany notes receivable		—			254			488			(742	)		—
Separate account assets		—			—			9,937			—			9,937
Assets associated with discontinued operations		—			—			439			—			439
Total assets	$	16,430		$	19,272		$	112,712		$	(35,102	)	$	113,312
Liabilities and stockholders’ equity
Liabilities:
Future policy benefits	$	—		$	—		$	33,505		$	—		$	33,505
Policyholder account balances		—			—			26,262			—			26,262
Liability for policy and contract claims		—			—			7,509			—			7,509
Unearned premiums		—			—			4,333			—			4,333
Other liabilities		1			342			4,901			(5	)		5,239
Intercompany notes payable		—			688			254			(942	)		—
Borrowings related to securitization entities		—			—			336			—			336
Non-recourse funding obligations		—			—			2,066			—			2,066
Long-term borrowings		—			4,203			573			—			4,776
Deferred tax liability		(64	)		(672	)		2,243			—			1,507
Separate account liabilities		—			—			9,937			—			9,937
Liabilities associated with discontinued operations		—			—			61			—			61
Total liabilities		(63	)		4,561			91,980			(947	)		95,531
Stockholders’ equity:
Common stock		1			—			—			—			1
Additional paid-in capital		12,127			9,311			16,777			(26,088	)		12,127
Accumulated other comprehensive income (loss)		5,202			5,100			5,197			(10,297	)		5,202
Retained earnings		1,863			300			(2,535	)		2,235			1,863
Treasury stock, at cost		(2,700	)		—			—			—			(2,700	)
Total Genworth Financial, Inc.’s stockholders’ equity		16,493			14,711			19,439			(34,150	)		16,493
Noncontrolling interests		—			—			1,293			(5	)		1,288
Total stockholders’ equity		16,493			14,711			20,732			(34,155	)		17,781
Total liabilities and stockholders’ equity	$	16,430		$	19,272		$	112,712		$	(35,102	)	$	113,312

Condensed Consolidating Income Statement

The following table presents the condensed consolidating income statement information for the year ended December 31, 2013:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Revenues:
Premiums	$	—		$	—		$	5,148		$	—		$	5,148
Net investment income		(1	)		1			3,286			(15	)		3,271
Net investment gains (losses)		—			6			(43	)		—			(37	)
Insurance and investment product fees and other		—			—			1,025			(4	)		1,021
Total revenues		(1	)		7			9,416			(19	)		9,403
Benefits and expenses:
Benefits and other changes in policy reserves		—			—			4,895			—			4,895
Interest credited		—			—			738			—			738
Acquisition and operating expenses, net of deferrals		33			32			1,594			—			1,659
Amortization of deferred acquisition costs and intangibles		—			—			569			—			569
Interest expense		—			322			189			(19	)		492
Total benefits and expenses		33			354			7,985			(19	)		8,353
Income from continuing operations before income taxes and equity in income of subsidiaries		(34	)		(347	)		1,431			—			1,050
Provision (benefit) for income taxes		13			(120	)		431			—			324
Equity in income of subsidiaries		607			796			—			(1,403	)		—
Income from continuing operations		560			569			1,000			(1,403	)		726
Income (loss) from discontinued operations, net of taxes		—			(29	)		17			—			(12	)
Net income		560			540			1,017			(1,403	)		714
Less: net income attributable to noncontrolling interests		—			—			154			—			154
Net income available to Genworth Financial, Inc.’s common stockholders	$	560		$	540		$	863		$	(1,403	)	$	560

The following table presents the condensed consolidating income statement information for the year ended December 31, 2012:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Revenues:
Premiums	$	—		$	—		$	5,041		$	—		$	5,041
Net investment income		—			1			3,357			(15	)		3,343
Net investment gains (losses)		—			(29	)		56			—			27
Insurance and investment product fees and other		—			(1	)		1,234			(4	)		1,229
Total revenues		—			(29	)		9,688			(19	)		9,640
Benefits and expenses:
Benefits and other changes in policy reserves		—			—			5,378			—			5,378
Interest credited		—			—			775			—			775
Acquisition and operating expenses, net of deferrals		7			8			1,579			—			1,594
Amortization of deferred acquisition costs and intangibles		—			—			722			—			722
Goodwill impairment		—			—			89			—			89
Interest expense		—			315			179			(18	)		476
Total benefits and expenses		7			323			8,722			(18	)		9,034
Income from continuing operations before income taxes and equity in income of subsidiaries		(7	)		(352	)		966			(1	)		606
Provision (benefit) for income taxes		(3	)		(110	)		251			—			138
Equity in income of subsidiaries		329			636			(38	)		(927	)		—
Income from continuing operations		325			394			677			(928	)		468
Income from discontinued operations, net of taxes		—			—			57			—			57
Net income		325			394			734			(928	)		525
Less: net income attributable to noncontrolling interests		—			—			200			—			200
Net income available to Genworth Financial, Inc.’s common stockholders	$	325		$	394		$	534		$	(928	)	$	325

The following table presents the condensed consolidating income statement information for the year ended December 31, 2011:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Revenues:
Premiums	$	—		$	—		$	5,688		$	—		$	5,688
Net investment income		—			2			3,393			(15	)		3,380
Net investment gains (losses)		—			(18	)		(177	)		—			(195	)
Insurance and investment product fees and other		—			2			1,053			(5	)		1,050
Total revenues		—			(14	)		9,957			(20	)		9,923
Benefits and expenses:
Benefits and other changes in policy reserves		—			—			5,941			—			5,941
Interest credited		—			—			794			—			794
Acquisition and operating expenses, net of deferrals		32			1			1,900			(3	)		1,930
Amortization of deferred acquisition costs and intangibles		—			—			593			—			593
Goodwill impairment		—			—			29			—			29
Interest expense		—			325			198			(17	)		506
Total benefits and expenses		32			326			9,455			(20	)		9,793
Income from continuing operations before income taxes and equity in income of subsidiaries		(32	)		(340	)		502			—			130
Provision (benefit) for income taxes		(11	)		(120	)		120			—			(11	)
Equity in income of subsidiaries		59			769			—			(828	)		—
Income from continuing operations		38			549			382			(828	)		141
Income from discontinued operations, net of taxes		—			—			36			—			36
Net income		38			549			418			(828	)		177
Less: net income attributable to noncontrolling interests		—			—			139			—			139
Net income available to Genworth Financial, Inc.’s common stockholders	$	38		$	549		$	279		$	(828	)	$	38

Condensed Consolidating Statement of Comprehensive Income

The following table presents the condensed consolidating comprehensive income statement information for the year ended December 31, 2013:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Net income	$	560		$	540		$	1,017		$	(1,403	)	$	714
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired		(1,778	)		(1,733	)		(1,817	)		3,511			(1,817	)
Net unrealized gains (losses) on other-than- temporarily impaired securities		66			65			66			(131	)		66
Derivatives qualifying as hedges		(590	)		(590	)		(615	)		1,205			(590	)
Foreign currency translation and other adjustments		(358	)		(335	)		(442	)		693			(442	)
Total other comprehensive income (loss)		(2,660	)		(2,593	)		(2,808	)		5,278			(2,783	)
Total comprehensive income (loss)		(2,100	)		(2,053	)		(1,791	)		3,875			(2,069	)
Less: comprehensive income attributable to noncontrolling interests		—			—			31			—			31
Total comprehensive income (loss) available to Genworth Financial, Inc.’s common stockholders	$	(2,100	)	$	(2,053	)	$	(1,822	)	$	3,875		$	(2,100	)

The following table presents the condensed consolidating comprehensive income statement information for the year ended December 31, 2012:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Net income	$	325		$	394		$	734		$	(928	)	$	525
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired		1,075			1,046			1,078			(2,121	)		1,078
Net unrealized gains (losses) on other-than- temporarily impaired securities		78			78			78			(156	)		78
Derivatives qualifying as hedges		(100	)		(100	)		(98	)		198			(100	)
Foreign currency translation and other adjustments		102			81			126			(183	)		126
Total other comprehensive income (loss)		1,155			1,105			1,184			(2,262	)		1,182
Total comprehensive income (loss)		1,480			1,499			1,918			(3,190	)		1,707
Less: comprehensive income attributable to noncontrolling interests		—			—			227			—			227
Total comprehensive income (loss) available to Genworth Financial, Inc.’s common stockholders	$	1,480		$	1,499		$	1,691		$	(3,190	)	$	1,480

The following table presents the condensed consolidating comprehensive income statement information for the year ended December 31, 2011:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Net income	$	38		$	549		$	418		$	(828	)	$	177
Other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities not other-than-temporarily impaired		1,576			1,487			1,616			(3,064	)		1,615
Net unrealized gains (losses) on other-than- temporarily impaired securities		(11	)		(11	)		(10	)		21			(11	)
Derivatives qualifying as hedges		1,085			1,085			1,080			(2,165	)		1,085
Foreign currency translation and other adjustments		(109	)		(162	)		(134	)		270			(135	)
Total other comprehensive income (loss)		2,541			2,399			2,552			(4,938	)		2,554
Total comprehensive income (loss)		2,579			2,948			2,970			(5,766	)		2,731
Less: comprehensive income attributable to noncontrolling interests		—			—			152			—			152
Total comprehensive income (loss) available to Genworth Financial, Inc.’s common stockholders	$	2,579		$	2,948		$	2,818		$	(5,766	)	$	2,579

Condensed Consolidating Statement of Cash Flows

The following table presents the condensed consolidating cash flow statement information for the year ended December 31, 2013:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	560		$	540		$	1,017		$	(1,403	)	$	714
Less (income) loss from discontinued operations, net of taxes		—			29			(17	)		—			12
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings from subsidiaries		(607	)		(796	)		—			1,403			—
Dividends from subsidiaries		535			376			(497	)		(414	)		—
Amortization of fixed maturity discounts and premiums and limited partnerships		—			—			(97	)		—			(97	)
Net investment losses (gains)		—			(6	)		43			—			37
Charges assessed to policyholders		—			—			(812	)		—			(812	)
Acquisition costs deferred		—			—			(457	)		—			(457	)
Amortization of deferred acquisition costs and intangibles		—			—			569			—			569
Deferred income taxes		24			(138	)		35			—			(79	)
Net increase (decrease) in trading securities, held-for-sale investments and derivative instruments		—			1			(60	)		—			(59	)
Stock-based compensation expense		26			—			15			—			41
Change in certain assets and liabilities:
Accrued investment income and other assets		2			67			(112	)		—			(43	)
Insurance reserves		—			—			2,256			—			2,256
Current tax liabilities		3			45			240			—			288
Other liabilities and other policy-related balances		(4	)		(11	)		(1,024	)		—			(1,039	)
Cash from operating activities—discontinued operations		—			—			68			—			68
Net cash from operating activities		539			107			1,167			(414	)		1,399
Cash flows from investing activities:
Proceeds from maturities and repayments of investments:
Fixed maturity securities		—			—			5,040			—			5,040
Commercial mortgage loans		—			—			896			—			896
Restricted commercial mortgage loans related to securitization entities		—			—			60			—			60
Proceeds from sales of investments:
Fixed maturity and equity securities		—			150			4,286			—			4,436
Purchases and originations of investments:
Fixed maturity and equity securities		—			(150	)		(10,655	)		—			(10,805	)
Commercial mortgage loans		—			—			(873	)		—			(873	)
Other invested assets, net		—			—			89			—			89
Policy loans, net		—			—			242			—			242
Intercompany notes receivable		(8	)		(3	)		95			(84	)		—
Capital contributions to subsidiaries		(531	)		(1	)		532			—			—
Proceeds from sale of a subsidiary, net of cash transferred		—			425			(60	)		—			365
Cash from investing activities—discontinued operations		—			(30	)		—			—			(30	)
Net cash from investing activities		(539	)		391			(348	)		(84	)		(580	)
Cash flows from financing activities:
Deposits to universal life and investment contracts		—			—			2,999			—			2,999
Withdrawals from universal life and investment contracts		—			—			(3,269	)		—			(3,269	)
Redemption and repurchase of non-recourse funding obligations		—			—			(28	)		—			(28	)
Proceeds from the issuance of long-term debt		—			793			—			—			793
Repayment and repurchase of long-term debt		—			(365	)		—			—			(365	)
Repayment of borrowings related to securitization entities		—			—			(108	)		—			(108	)
Proceeds from intercompany notes payable		—			(87	)		3			84			—
Repurchase of subsidiary shares		—			—			(43	)		—			(43	)
Dividends paid to noncontrolling interests		—			—			(52	)		—			(52	)
Dividends paid to parent		—			(414	)		—			414			—
Other, net		—			(49	)		(24	)		—			(73	)
Cash from financing activities—discontinued operations		—			—			(3	)		—			(3	)
Net cash from financing activities		—			(122	)		(525	)		498			(149	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(109	)		—			(109	)
Net change in cash and cash equivalents		—			376			185			—			561
Cash and cash equivalents at beginning of period		—			843			2,810			—			3,653
Cash and cash equivalents at end of period		—			1,219			2,995			—			4,214
Less cash and cash equivalents of discontinued operations at end of period		—			—			—			—			—
Cash and cash equivalents of continuing operations at end of period	$	—		$	1,219		$	2,995		$	—		$	4,214

The following table presents the condensed consolidating cash flow statement information for the year ended December 31, 2012:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	325		$	394		$	734		$	(928	)	$	525
Less income from discontinued operations, net of taxes		—			—			(57	)		—			(57	)
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings from subsidiaries		(329	)		(636	)		38			927			—
Dividends from subsidiaries		—			545			(545	)		—			—
Amortization of fixed maturity discounts and premiums and limited partnerships		—			—			(88	)		—			(88	)
Net investment losses (gains)		—			29			(56	)		—			(27	)
Charges assessed to policyholders		—			—			(801	)		—			(801	)
Acquisition costs deferred		—			—			(611	)		—			(611	)
Amortization of deferred acquisition costs and intangibles		—			—			722			—			722
Goodwill impairment		—			—			89			—			89
Deferred income taxes		(3	)		(274	)		359			—			82
Net increase (decrease) in trading securities, held-for-sale investments and derivative instruments		—			(27	)		218			—			191
Stock-based compensation expense		7			16			3			—			26
Change in certain assets and liabilities:
Accrued investment income and other assets		—			53			(122	)		1			(68	)
Insurance reserves		—			—			2,330			—			2,330
Current tax liabilities		—			(43	)		(191	)		—			(234	)
Other liabilities and other policy-related balances		—			10			(1,181	)		5			(1,166	)
Cash from operating activities—discontinued operations		—			—			49			—			49
Net cash from operating activities		—			67			890			5			962
Cash flows from investing activities:
Proceeds from maturities and repayments of investments:
Fixed maturity securities		—			—			5,176			—			5,176
Commercial mortgage loans		—			—			891			—			891
Restricted commercial mortgage loans related to securitization entities		—			—			67			—			67
Proceeds from sales of investments:
Fixed maturity and equity securities		—			10			5,725			—			5,735
Purchases and originations of investments:
Fixed maturity and equity securities		—			(150	)		(12,172	)		—			(12,322	)
Commercial mortgage loans		—			—			(692	)		—			(692	)
Other invested assets, net		—			30			391			(5	)		416
Policy loans, net		—			—			(29	)		—			(29	)
Intercompany notes receivable		—			(31	)		(58	)		89			—
Capital contributions to subsidiaries		—			(20	)		20			—			—
Proceeds from sale of a subsidiary, net of cash transferred		—			—			77			—			77
Cash from investing activities—discontinued operations		—			(18	)		(23	)		—			(41	)
Net cash from investing activities		—			(179	)		(627	)		84			(722	)
Cash flows from financing activities:
Deposits to universal life and investment contracts		—			—			2,810			—			2,810
Withdrawals from universal life and investment contracts		—			—			(2,781	)		—			(2,781	)
Redemption and repurchase of non-recourse funding obligations		—			—			(1,056	)		—			(1,056	)
Proceeds from the issuance of long-term debt		—			361			—			—			361
Repayment and repurchase of long-term debt		—			(322	)		—			—			(322	)
Repayment of borrowings related to securitization entities		—			—			(72	)		—			(72	)
Proceeds from intercompany notes payable		—			58			31			(89	)		—
Dividends paid to noncontrolling interests		—			—			(50	)		—			(50	)
Other, net		—			(49	)		103			—			54
Cash from financing activities—discontinued operations		—			—			(45	)		—			(45	)
Net cash from financing activities		—			48			(1,060	)		(89	)		(1,101	)
Effect of exchange rate changes on cash and cash equivalents		—			—			26			—			26
Net change in cash and cash equivalents		—			(64	)		(771	)		—			(835	)
Cash and cash equivalents at beginning of period		—			907			3,581			—			4,488
Cash and cash equivalents at end of period		—			843			2,810			—			3,653
Less cash and cash equivalents of discontinued operations at end of period		—			—			21			—			21
Cash and cash equivalents of continuing operations at end of period	$	—		$	843		$	2,789		$	—		$	3,632

The following table presents the condensed consolidating cash flow statement information for the year ended December 31, 2011:

(Amounts in millions)	Parent Guarantor			Issuer			All Other Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	38		$	549		$	418		$	(828	)	$	177
Less income from discontinued operations, net of taxes		—			—			(36	)		—			(36	)
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings from subsidiaries		(59	)		(769	)		—			828			—
Dividends from subsidiaries		—			478			(478	)		—			—
Amortization of fixed maturity discounts and premiums and limited partnerships		—			—			(77	)		—			(77	)
Net investment losses (gains)		—			18			177			—			195
Charges assessed to policyholders		—			—			(690	)		—			(690	)
Acquisition costs deferred		—			—			(637	)		—			(637	)
Amortization of deferred acquisition costs and intangibles		—			—			593			—			593
Goodwill impairment		—			—			29			—			29
Deferred income taxes		(11	)		(115	)		(224	)		—			(350	)
Gain on sale of subsidiary		—			—			(36	)		—			(36	)
Net increase (decrease) in trading securities, held-for-sale investments and derivative instruments		—			(47	)		1,498			—			1,451
Stock-based compensation expense		32			—			(1	)		—			31
Change in certain assets and liabilities:
Accrued investment income and other assets		—			28			(203	)		1			(174	)
Insurance reserves		—			—			2,507			—			2,507
Current tax liabilities		—			22			123			—			145
Other liabilities and other policy-related balances		—			62			(151	)		16			(73	)
Cash from operating activities—discontinued operations		—			—			70			—			70
Net cash from operating activities		—			226			2,882			17			3,125
Cash flows from investing activities:
Proceeds from maturities and repayments of investments:
Fixed maturity securities		—			—			5,233			—			5,233
Commercial mortgage loans		—			—			912			—			912
Restricted commercial mortgage loans related to securitization entities		—			—			96			—			96
Proceeds from sales of investments:
Fixed maturity and equity securities		—			201			6,083			—			6,284
Purchases and originations of investments:
Fixed maturity and equity securities		—			(10	)		(11,875	)		—			(11,885	)
Commercial mortgage loans		—			—			(300	)		—			(300	)
Other invested assets, net		—			(30	)		(482	)		(17	)		(529	)
Policy loans, net		—			—			(79	)		—			(79	)
Intercompany notes receivable		—			(66	)		13			53			—
Capital contributions to subsidiaries		—			(15	)		15			—			—
Proceeds from sale of a subsidiary, net of cash transferred		—			—			211			—			211
Payments for businesses purchased, net of cash acquired		—			2			(5	)		—			(3	)
Cash from investing activities—discontinued operations		—			—			1			—			1
Net cash from investing activities		—			82			(177	)		36			(59	)
Cash flows from financing activities:
Deposits to universal life and investment contracts		—			—			2,664			—			2,664
Withdrawals from universal life and investment contracts		—			—			(3,688	)		—			(3,688	)
Redemption and repurchase of non-recourse funding obligations		—			—			(130	)		—			(130	)
Proceeds from the issuance of long-term debt		—			397			148			—			545
Repayment and repurchase of long-term debt		—			(760	)		—			—			(760	)
Repayment of borrowings related to securitization entities		—			—			(96	)		—			(96	)
Proceeds from intercompany notes payable		—			(13	)		66			(53	)		—
Repurchase of subsidiary shares		—			—			(71	)		—			(71	)
Dividends paid to noncontrolling interests		—			—			(67	)		—			(67	)
Other, net		—			162			(136	)		—			26
Cash from financing activities—discontinued operations		—			—			(64	)		—			(64	)
Net cash from financing activities		—			(214	)		(1,374	)		(53	)		(1,641	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(69	)		—			(69	)
Net change in cash and cash equivalents		—			94			1,262			—			1,356
Cash and cash equivalents at beginning of period		—			813			2,319			—			3,132
Cash and cash equivalents at end of period		—			907			3,581			—			4,488
Less cash and cash equivalents of discontinued operations at end of period		—			—			45			—			45
Cash and cash equivalents of continuing operations at end of period	$	—		$	907		$	3,536		$	—		$	4,443