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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net income (loss) $ 846 $ 536
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 30 (17)
Trading securities purchases, sales and maturities, net 60 113
Change in premiums and fees receivable 65 6
Change in accrued investment income (20)  
Change in future contract benefits and other contract holder funds (864) 5
Change in reinsurance related assets and liabilities (92) (347)
Change in accrued expenses (96) (180)
Change in federal income tax accruals 162 (3)
Realized (gain) loss 49 159
Amortization of deferred gain on business sold through reinsurance (22) (37)
Other 84 301
Net cash provided by (used in) operating activities 202 536
Cash Flows from Investing Activities    
Purchases of available-for-sale securities (5,513) (5,727)
Sales of available-for-sale securities 842 2,068
Maturities of available-for-sale securities 2,840 2,579
Purchases of alternative investments (124) (129)
Sales and repayments of alternative investments 100 95
Issuance of mortgage loans on real estate (705) (956)
Repayment and maturities of mortgage loans on real estate 571 376
Issuance and repayment of policy loans, net 34 38
Net change in collateral on investments and derivatives (12) 1,474
Other (37) (58)
Net cash provided by (used in) investing activities (2,004) (240)
Cash Flows from Financing Activities    
Proceeds from sales leaseback transaction 45  
Deposits of fixed account values, including the fixed portion of variable 5,216 5,015
Withdrawals of fixed account values, including the fixed portion of variable (2,934) (2,769)
Transfers to and from separate accounts, net (770) (967)
Common stock issued for benefit plans 33 (11)
Repurchase of common stock (400) (475)
Dividends paid to common stockholders (132) (122)
Net cash provided by (used in) financing activities 1,058 671
Net increase (decrease) in cash and invested cash (744) 967
Cash and invested cash as of beginning-of-year 2,722 3,146
Cash and invested cash as of end-of-period $ 1,978 $ 4,113