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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Amortization of deferred acquisition costs and value of business acquired $ 250 $ 394
Net investments (income) loss (267) (966)
Net recognized (gains) losses on investments and derivatives 4,892 (1,908)
Accrued investment income (124) (105)
Policy acquisition costs deferred (434) (287)
Increase (Decrease) in Interest Sensitive Contract Liabilities (1,604) 1,788
Increase (Decrease) in Insurance Liabilities 3,933 1,560
Funds withheld assets and liabilities 4,622 (90)
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 14,494 9,018
Trading securities (related party: 2022 – $79 and 2021 – $83) 105 127
Mortgage loans (related party: 2022 – $33 and 2021 – $0) 1,829 1,363
Investment funds (related party: 2022 – $769 and 2021 – $892) 940 946
Derivative instruments and other invested assets (related party: 2022 – $74 and 2021 – $330) 2,064 2,566
Short-term investments 114 400
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (18,665) (17,987)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(148)) (7,832) (3,596)
Trading securities (267) (318)
Investment funds (3,256) (1,056)
Derivative instruments and other invested assets (related party: 2022 – $(124) and 2021 – $0) (1,335) (2,247)
Short-term investments (271) (278)
Deposits on investment-type policies and contracts 13,925 11,120
Repayments of Annuities and Investment Certificates (4,074) (3,476)
Payments for coinsurance agreements on investment-type contracts, net (20) 0
Deposits on investment-type policies and contracts through reinsurance agreements 719 449
Withdrawals on investment-type policies and contracts through reinsurance agreements 3,944 4,101
Payments of Ordinary Dividends, Common Stock 1,125 0
Related Party    
Net investments (income) loss 12 (933)
Net recognized (gains) losses on investments and derivatives 183 (159)
Accrued investment income (22) (20)
Increase (Decrease) in Interest Sensitive Contract Liabilities (68) 188
Increase (Decrease) in Insurance Liabilities 76 142
Funds withheld assets and liabilities 970 (187)
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 3,047 881
Trading securities (related party: 2022 – $79 and 2021 – $83) 79 83
Mortgage loans (related party: 2022 – $33 and 2021 – $0) 33 0
Investment funds (related party: 2022 – $769 and 2021 – $892) 769 892
Derivative instruments and other invested assets (related party: 2022 – $74 and 2021 – $330) 74 330
Short-term investments 0 98
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (1,880) (1,626)
Mortgage loans (related party: 2022 – $(364) and 2021 – $(148)) (364) (148)
Trading securities (152) (230)
Investment funds (3,130) (923)
Derivative instruments and other invested assets (related party: 2022 – $(124) and 2021 – $0) (124) 0
Short-term investments (33) (100)
Deposits on investment-type policies and contracts 38 44
Repayments of Annuities and Investment Certificates (167) (200)
Deposits on investment-type policies and contracts through reinsurance agreements 153 177
Withdrawals on investment-type policies and contracts through reinsurance agreements 718 819
Equity securities | Related Party    
Purchases of:    
Equity securities (13) (46)
Reinsurance Settlements    
Purchases of:    
Transfer to Investments $ 20 $ 74