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Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Statement of Cash Flows [Abstract]    
Net income (loss) $ (32) $ (13)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 42 40
Policy charges and fee income (146) (144)
Net derivative (gains) losses 0 3
Dividend from AB Units 0 5
Equity in (income) loss from AB 0 (3)
Investment (gains) losses, net 3 0
Realized and unrealized (gains) losses on trading securities 0 1
Non-cash long-term incentive compensation expense 2 (3)
Amortization and depreciation 37 44
Changes in:    
Reinsurance recoverable 1 (58)
Capitalization of deferred policy acquisition costs (52) (52)
Future policy benefits 4 12
Current and deferred income taxes (2) 26
Other, net 104 (2)
Net cash provided by (used in) operating activities (39) (144)
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 120 77
Short-term investments (1) 0
Other 1 0
Payment for the purchase/origination of:    
Fixed maturities, available-for-sale (289) (295)
Proceeds from Sale of Other Investments   1
Other (2)  
Cash settlements related to derivative instruments, net (97) 45
Other, net (8) (5)
Net cash provided by (used in) investing activities (276) (177)
Cash flows from financing activities:    
Deposits 357 308
Withdrawals (44) (41)
Transfer (to) from Separate Accounts (93) (27)
Change in collateralized pledged liabilities (3) 0
Shareholder dividend paid 0 0
Cash contribution from parent company 0 0
Other, net 4 2
Net cash provided by (used in) financing activities 221 242
Change in cash and cash equivalents (94) (79)
Cash and cash equivalents, beginning of year 127 161
Cash and cash equivalents, end of year $ 33 $ 82