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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Amortization of deferred acquisition costs and value of business acquired $ 164 $ (413)
Net investments (income) loss (381) 343
Net recognized (gains) losses on investments and derivatives (651) 2,144
Accrued investment income (63) 5
Policy acquisition costs deferred (143) (112)
Increase (Decrease) in Interest Sensitive Contract Liabilities (34) (1,282)
Increase (Decrease) in Insurance Liabilities 1,250 186
Funds withheld assets and liabilities 1,252 1,426
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 3,431 4,541
Mortgage loans 325 898
Investment funds (related party: 2021 – $155 and 2020 – $65) 173 111
Derivative instruments and other invested assets 915 475
Short-term investments 330 139
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (8,275) (4,226)
Mortgage loans (related party: 2021 – $(42) and 2020 – $0) (1,786) (1,365)
Trading securities (149) (77)
Investment funds (467) (375)
Derivative instruments and other invested assets (1,613) (305)
Short-term investments (232) (125)
Deposits on investment-type policies and contracts 5,162 2,838
Repayments of Annuities and Investment Certificates (1,684) (1,633)
Payments for coinsurance agreements on investment-type contracts, net (8) (6)
Deposits on investment-type policies and contracts through reinsurance agreements 214 131
Withdrawals on investment-type policies and contracts through reinsurance agreements 1,925 923
Variable Interest Entities    
Net investments (income) loss 56 0
Net recognized (gains) losses on investments and derivatives 67 0
Related Party    
Net investments (income) loss (416) 362
Net recognized (gains) losses on investments and derivatives (77) 158
Accrued investment income (23) (16)
Increase (Decrease) in Interest Sensitive Contract Liabilities 64 (81)
Increase (Decrease) in Insurance Liabilities 59 59
Funds withheld assets and liabilities 153 422
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 350 205
Investment funds (related party: 2021 – $155 and 2020 – $65) 155 65
Short-term investments 98 0
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (767) (425)
Mortgage loans (related party: 2021 – $(42) and 2020 – $0) (42) 0
Trading securities (120) (77)
Investment funds (429) (358)
Short-term investments (100) 0
Deposits on investment-type policies and contracts 26 18
Repayments of Annuities and Investment Certificates (100) (135)
Deposits on investment-type policies and contracts through reinsurance agreements 102 72
Withdrawals on investment-type policies and contracts through reinsurance agreements 408 418
Equity securities | Related Party    
Purchases of:    
Equity securities (35) (3)
Reinsurance Settlements    
Purchases of:    
Transfer to Investments $ 54 $ 0