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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net income (loss) $ (370) $ 2,321
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 2,612 (1,282)
Market risk benefit (gain) loss (1,404) (881)
Sales and maturities (purchases) of trading securities, net 607 117
Amortization of deferred gain on business sold through reinsurance (19) (22)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads 317 244
Accrued investment income (5) (40)
Insurance liabilities and reinsurance-related balances (1,578) 1,670
Accrued expenses (68) (375)
Federal income tax accruals (198) 599
Other (146) 14
Net cash provided by (used in) operating activities (252) 2,365
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (5,323) (8,204)
Sales of available-for-sale securities and equity securities 2,402 308
Maturities of available-for-sale securities 2,820 3,231
Purchases of alternative investments (322) (329)
Sales and repayments of alternative investments 64 183
Issuance of mortgage loans on real estate (719) (1,366)
Repayment and maturities of mortgage loans on real estate 525 1,428
Repayment (issuance) of policy loans, net (67) (5)
Net change in collateral on investments, certain derivatives and related settlements (401) (1,893)
Other (161) (101)
Net cash provided by (used in) investing activities (1,182) (6,748)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities   (300)
Issuance of long-term debt, net of issuance costs   297
Payment related to sale-leaseback transactions (58) (47)
Proceeds from certain financing arrangements 65 53
Payment related to certain financing arrangements (20)  
Deposits of fixed account balances 7,524 7,420
Withdrawals of fixed account balances (5,076) (3,556)
Transfers from (to) separate accounts, net (381) 142
Common stock issued for benefit plans (6) (14)
Repurchase of common stock   (500)
Dividends paid to preferred stockholders (36)  
Dividends paid to common stockholders (153) (157)
Net cash provided by (used in) financing activities 1,859 3,338
Net increase (decrease) in cash, invested cash and restricted cash 425 (1,045)
Cash, invested cash and restricted cash as of beginning-of-year 3,343 2,612
Cash, invested cash and restricted cash as of end-of-period $ 3,768 $ 1,567