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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Cash Flows [Abstract]    
Net income $ 437 $ 2,036
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 60 47
Deferred income tax expense (benefit) 60 1,273
Share-based compensation 35 36
Net realized investment (gains) losses (65) (5)
Net trading (gains) losses 1 (3)
Loss from equity method investments 12 19
Impairments and provision for loan losses   21
Net (gains) losses of consolidated investment entities (19) 6
Changes in operating assets and liabilities:    
Restricted and segregated investments (315)  
Deferred acquisition costs (60) 452
Policyholder account balances, future policy benefits and claims, net (1,050) 2,634
Derivatives, net of collateral 144 (681)
Receivables (238) (13)
Brokerage deposits (102) 378
Accounts payable and accrued expenses (163) (432)
Current income tax expense (benefit) 90 (1,081)
Increase (Decrease) in Deferred Income Taxes (115)  
Other operating assets and liabilities of consolidated investment entities, net 4 (1)
Other, net 284 207
Net cash provided by (used in) operating activities (1,000) 4,893
Available-for-Sale securities:    
Proceeds from sales 92 633
Maturities, sinking fund payments and calls 2,964 2,050
Purchases (3,245) (2,529)
Proceeds from sales, maturities and repayments of mortgage loans 55 54
Funding of mortgage loans (22) (62)
Proceeds from sales, maturities and collections of other investments 54 77
Purchase of other investments (31) (115)
Purchase of investments by consolidated investment entities (737) (133)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 240 141
Purchase of land, buildings, equipment and software (22) (29)
Cash paid for written options with deferred premiums (211) (258)
Cash received from written options with deferred premiums 21 95
Cash paid for deposit receivable (2) (1)
Cash received for deposit receivable 21 30
Other, net 14 7
Net cash provided by (used in) investing activities (809) (40)
Investment certificates:    
Proceeds from additions 723 1,271
Maturities, withdrawals and cash surrenders (1,224) (1,449)
Policyholder account balances:    
Deposits and other additions 384 255
Net transfers from (to) separate accounts (60) 30
Surrenders and other benefits (368) (430)
Change in banking deposits, net 580 2,372
Cash paid for purchased options with deferred premiums (42) (36)
Cash received from purchased options with deferred premiums 306  
Issuance of long-term debt 4  
Repayments of long-term debt (2) (753)
Dividends paid to shareholders (129) (122)
Repurchase of common shares (470) (480)
Exercise of stock options 0 1
Borrowings of Consolidated Investment Entities 797  
Repayments of debt by consolidated investment entities (63) (29)
Other, net (3) (2)
Net cash provided by (used in) financing activities 433 628
Effect of exchange rate changes on cash 9 (17)
Net increase (decrease) in cash and cash equivalents, including amounts restricted (1,367) 5,464
Cash and cash equivalents, including amounts restricted, at beginning of period 8,903 6,213
Cash and cash equivalents, including amounts restricted, at end of period $ 7,536 $ 11,677