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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income (loss) $ 1,641 $ 2,079 $ 1,192
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 (81) 16 143
Trading securities purchases, sales and maturities, net (118) 121 168
Change in premiums and fees receivable (87) 34 (54)
Change in accrued investment income (17) (16) 8
Change in future contract benefits and other contract holder funds (105) (1,720) (1,024)
Change in reinsurance related assets and liabilities 718 128 226
Change in accrued expenses (101) 113 (27)
Change in federal income tax accruals 154 (1,119) 69
Realized (gain) loss (141) 170 339
Amortization of deferred gain on business sold through reinsurance (9) (23) (73)
Impairment of intangibles   905  
Other 89 100 305
Net cash provided by (used in) operating activities 1,943 788 1,272
Cash Flows from Investing Activities      
Purchases of available-for-sale securities and equity securities (12,650) (10,148) (11,113)
Sales of available-for-sale securities and equity securities 3,668 1,612 2,959
Maturities of available-for-sale securities 6,004 5,886 5,364
Purchase of common stock in acquisition, net of cash acquired (1,410)    
Sale of business, net (12)    
Purchases of alternative investments (314) (357) (302)
Sales and repayments of alternative investments 178 184 238
Issuance of mortgage loans on real estate (2,927) (2,058) (2,155)
Repayment and maturities of mortgage loans on real estate 1,085 1,184 942
Issuance and repayment of policy loans, net 21 51 92
Net change in collateral on investments, derivatives and related settlements 735 (429) 415
Other (193) (113) (106)
Net cash provided by (used in) investing activities (5,815) (4,188) (3,666)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities (537)   (600)
Issuance of long-term debt, net of issuance costs 1,094   395
Payment related to early extinguishment of debt (23)   (59)
Proceeds from sales leaseback transaction 88 62 85
Deposits of fixed account values, including the fixed portion of variable 13,638 10,797 10,053
Withdrawals of fixed account values, including the fixed portion of variable (6,007) (5,825) (5,505)
Transfers to and from separate accounts, net (2,469) (1,787) (1,308)
Common stock issued for benefit plans (6) 46 26
Repurchase of common stock (900) (725) (879)
Dividends paid to common stockholders (289) (262) (238)
Net cash provided by (used in) financing activities 4,589 2,306 1,970
Net increase (decrease) in cash, invested cash and restricted cash 717 (1,094) (424)
Cash, invested cash and restricted cash as of beginning-of-year 1,628 2,722 3,146
Cash, invested cash and restricted cash as of end-of-year $ 2,345 $ 1,628 $ 2,722