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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Policy acquisition costs deferred $ (173) $ (122)
Purchases of:    
Deposits on investment-type policies and contracts through reinsurance agreements 208 108
Withdrawals on investment-type policies and contracts through reinsurance agreements 888 91
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Amortization of deferred acquisition costs and value of business acquired 231 82
Net investments (income) loss 25 (29)
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10) (944) 209
Accrued investment income (69) (27)
Policy acquisition costs deferred (173) (122)
Interest sensitive contract liabilities 1,403 (189)
Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable 653 333
Funds withheld assets and liabilities (1,011) (7)
Sales, maturities and repayments of:    
Available-for-sale securities (related party: 2019 – $50 and 2018 – $57) 2,231 3,017
Trading securities 31 24
Investment funds 131 83
Derivative instruments and other invested assets 256 551
Short-term investments 104 103
Purchases of:    
Available-for-sale securities (related party: 2019 – $(280) and 2018 – $(158)) (4,470) (5,907)
Mortgage loans (1,049) (463)
Trading securities (284) (25)
Investment funds (185) (213)
Derivative instruments and other invested assets (287) (224)
Short-term investments (67) (209)
Deposits on investment-type policies and contracts 2,793 1,774
Repayments of Annuities and Investment Certificates (1,638) (1,474)
Payments for coinsurance agreements on investment-type contracts, net (25) (10)
Variable Interest Entities    
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10) (6) (6)
Purchases of:    
Sales, maturities, and repayments of investments 53 59
Related Party | Consolidated Entity Excluding Variable Interest Entities (VIE)    
Net investments (income) loss 18 (43)
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10) 0 (24)
Accrued investment income 3 0
Interest sensitive contract liabilities 167 0
Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable 95 0
Funds withheld assets and liabilities (500) 0
Sales, maturities and repayments of:    
Available-for-sale securities (related party: 2019 – $50 and 2018 – $57) 50 57
Trading securities 0 1
Investment funds 87 52
Purchases of:    
Available-for-sale securities (related party: 2019 – $(280) and 2018 – $(158)) (280) (158)
Trading securities (3)  
Investment funds (152) (182)
Short-term investments 0 (72)
Deposits on investment-type policies and contracts 101 0
Repayments of Annuities and Investment Certificates (106) 0
Deposits on investment-type policies and contracts through reinsurance agreements 45 0
Withdrawals on investment-type policies and contracts through reinsurance agreements 429 0
Related Party | Variable Interest Entities    
Net recognized (gains) losses on investments and derivatives (related party: 2018 – $0 and 2017 – $10) (5) (6)
Purchases of:    
Sales, maturities, and repayments of investments 51 59
Equity securities | Consolidated Entity Excluding Variable Interest Entities (VIE)    
Sales, maturities and repayments of:    
Equity securities 10 2
Purchases of:    
Equity securities (205) (9)
Reinsurance Settlements [Member]    
Purchases of:    
Transfer to Investments $ 12 $ 0