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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income (loss) $ 1,405 $ 499 $ 886
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Realized (gain) loss 212 513 610
Trading securities purchases, sales and maturities, net (108) 266 (2,510)
Amortization of deferred gain on business sold through reinsurance (46) (41) (31)
Change in:      
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 315 48 (409)
Premiums and fees receivable (93) (21) 105
Accrued investment income 16 (84) (29)
Insurance liabilities and reinsurance-related balances (1,954) (699) (1,613)
Accrued expenses 389 (18) 107
Federal income tax accruals 232 (98) (227)
Other (217) 169 425
Net cash provided by (used in) operating activities 151 534 (2,686)
Cash Flows from Investing Activities      
Purchases of available-for-sale securities and equity securities (16,893) (16,761) (15,326)
Sales of available-for-sale securities and equity securities 2,268 1,426 6,807
Maturities of available-for-sale securities 9,621 5,354 6,571
Purchases of alternative investments (757) (396) (433)
Sales and repayments of alternative investments 377 171 131
Issuance of mortgage loans on real estate (3,084) (1,800) (4,262)
Repayment and maturities of mortgage loans on real estate 1,881 1,154 1,163
Issuance (repayment) of policy loans, net 62 50 32
Net change in collateral on investments, derivatives and related settlements 3,261 1,474 79
Other (303) (153) (261)
Net cash provided by (used in) investing activities (3,567) (9,481) (5,499)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities   (1,096) (308)
Issuance of long-term debt, net of issuance costs   1,289 744
Payment related to modification or early extinguishment of debt (8) (13) (42)
Payment related to sale-leaseback transactions (59) (47) (83)
Proceeds from certain financing arrangements 159 109 107
Deposits of fixed account values, including the fixed portion of variable 12,639 14,034 16,069
Withdrawals of fixed account values, including the fixed portion of variable (6,607) (6,113) (5,849)
Transfers to and from separate accounts, net (340) 528 (1,362)
Common stock issued for benefit plans 20 (7) (20)
Repurchase of common stock (1,105) (275) (550)
Dividends paid to common stockholders (319) (311) (303)
Other (60) (6)  
Net cash provided by (used in) financing activities 4,320 8,092 8,403
Net increase (decrease) in cash, invested cash and restricted cash 904 (855) 218
Cash, invested cash and restricted cash as of beginning-of-year 1,708 2,563 2,345
Cash, invested cash and restricted cash as of end-of-year $ 2,612 $ 1,708 $ 2,563