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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Statement of Cash Flows [Abstract]    
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 4 $ 0
Investments transferred in connection with reinsurance transaction 1,265  
Net income 395 594
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 46 56
Deferred income tax expense (benefit) (2) 104
Share-based compensation 30 32
Net realized investment (gains) losses (10) (6)
Net trading (gains) losses (4) (3)
Loss from equity method investments 12 12
Other than Temporary Impairments and Provision for Loan Losses 5  
Net (gains) losses of consolidated investment entities 4 1
Changes in operating assets and liabilities:    
Restricted and segregated investments (25) 75
Deferred acquisition costs (55) 13
Policyholder account balances, future policy benefits and claims, net (201) (325)
Derivatives, net of collateral 316 29
Receivables 125 (78)
Brokerage deposits (264) (207)
Accounts payable and accrued expenses (177) (373)
Change in Other Operating Assets and Liabilities of Consolidated Investment Entities 1 3
Other, net (24) (115)
Net cash provided by (used in) operating activities 172 (188)
Available-for-Sale securities:    
Proceeds from sales 92 361
Maturities, sinking fund payments and calls 1,986 1,195
Purchases (2,085) (1,456)
Proceeds from sales, maturities and repayments of mortgage loans 64 75
Funding of mortgage loans (43) (40)
Proceeds from sales, maturities and collections of other investments 51 224
Purchase of other investments (93) (272)
Purchase of investments by consolidated investment entities (203) (116)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 132 130
Purchase of land, buildings, equipment and software (31) (33)
Payments for Derivative Instrument, Investing Activities (42) (57)
Proceeds from Derivative Instrument, Investing Activities 35 53
Change In Reinsurance Deposit, Net (345)  
Other, net 1 3
Net cash provided by (used in) investing activities (481) 67
Investment certificates:    
Proceeds from additions 1,618 1,336
Maturities, withdrawals and cash surrenders (1,377) (1,192)
Policyholder account balances:    
Deposits and other additions 585 444
Net transfers from (to) separate accounts (1) (28)
Surrenders and other benefits (476) (501)
Cash paid for purchased options with deferred premiums (44) (45)
Cash received from purchased options with deferred premiums 12 24
Proceeds from Debt, Net of Issuance Costs 497  
Repayments of long-term debt (3) (3)
Dividends paid to shareholders (124) (122)
Repurchase of common shares (385) (425)
Exercise of stock options 1 2
Repayments of debt by consolidated investment entities (12) (52)
Proceeds from (Payments for) Other Financing Activities   (2)
Net cash provided by (used in) financing activities 291 (564)
Effect of exchange rate changes on cash 7 12
Cash and Cash Equivalents including Disposal Group, Period Increase (Decrease) (11) (673)
Less: Cash and Cash Equivalents of Disposal Group, Period Increase (Decrease) 111 0
Net increase (decrease) in cash and cash equivalents, including amounts restricted and cash balances classified as assets held-for-sale (122) (673)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 5,761 $ 4,471