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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Amortization of deferred acquisition costs and value of business acquired $ 247 $ 815
Net investments (income) loss (90) (94)
Net recognized (gains) losses on investments and derivatives 462 (1,682)
Accrued investment income (27) (99)
Policy acquisition costs deferred (470) (521)
Interest sensitive contract liabilities 1,691 3,086
Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable 338 973
Funds withheld assets and liabilities (856) (2,488)
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 8,850 8,344
Trading securities 133 195
Mortgage loans 1,593 1,513
Investment funds 465 309
Derivative instruments and other invested assets 1,331 1,008
Short-term investments 766 274
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (14,071) (11,413)
Mortgage loans (2,971) (5,013)
Trading securities (188) (425)
Investment funds (970) (765)
Derivative instruments and other invested assets (1,451) (853)
Short-term investments (449) (653)
Deposits on investment-type policies and contracts 13,994 8,879
Repayments of Annuities and Investment Certificates (5,320) (4,846)
Payments for coinsurance agreements on investment-type contracts, net (17) (39)
Deposits on investment-type policies and contracts through reinsurance agreements 29,876 619
Withdrawals on investment-type policies and contracts through reinsurance agreements 3,313 2,764
Variable Interest Entities    
Net investments (income) loss (24) 0
Net recognized (gains) losses on investments and derivatives 6 (10)
Sales, maturities and repayments of:    
Trading securities 10 33
Equity securities (related party: 2020 – $3 and 2019 – $51; consolidated variable interest entities: 2020 – $0 and 2019 – $51) 0 51
Investment funds 20 8
Purchases of:    
Investment funds 0 (27)
Related Party    
Net investments (income) loss (72) (95)
Net recognized (gains) losses on investments and derivatives 15 (26)
Accrued investment income (18) (3)
Interest sensitive contract liabilities 135 338
Future policy benefits, other policy claims and benefits, dividends payable to policyholders and reinsurance recoverable 209 223
Funds withheld assets and liabilities (644) (1,261)
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 238 101
Trading securities 31 65
Mortgage loans 0 4
Investment funds 408 196
Short-term investments 28 0
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (1,526) (1,065)
Mortgage loans (17) (366)
Trading securities (150) (6)
Investment funds (914) (637)
Short-term investments (28) 0
Deposits on investment-type policies and contracts 63 130
Repayments of Annuities and Investment Certificates (292) (332)
Deposits on investment-type policies and contracts through reinsurance agreements 252 159
Withdrawals on investment-type policies and contracts through reinsurance agreements 1,063 1,351
Equity securities | Related Party    
Sales, maturities and repayments of:    
Equity securities (related party: 2020 – $3 and 2019 – $51; consolidated variable interest entities: 2020 – $0 and 2019 – $51) 4 51
Purchases of:    
Equity securities (3) (243)
Reinsurance Settlements [Member]    
Purchases of:    
Transfer to Investments 53 56
Reinsurance Settlements [Member] | Related Party    
Purchases of:    
Transfer to Investments $ 0 $ 97