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Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Statement of Cash Flows [Abstract]    
Net income (loss) $ (24) $ (17)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 67 62
Policy charges and fee income (218) (212)
Net derivative (gains) losses 12 3
Dividend from AB Units 0 5
Equity in (income) loss from AB 0 (3)
Investment (gains) losses, net 3 1
Realized and unrealized (gains) losses on trading securities 0 1
Non-cash long-term incentive compensation expense 3 (2)
Amortization and depreciation 51 33
Changes in:    
Reinsurance recoverable (37) (89)
Capitalization of deferred policy acquisition costs (84) (84)
Future policy benefits 9 19
Current and deferred income taxes (4) 24
Other, net 61 4
Net cash provided by (used in) operating activities (161) (255)
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 132 162
Short-term investments 0 0
Other 1 0
Payment for the purchase/origination of:    
Fixed maturities, available-for-sale (376) (412)
Other (2)  
Other   0
Cash settlements related to derivative instruments, net (123) 46
Other, net (11) (5)
Net cash provided by (used in) investing activities (379) (209)
Cash flows from financing activities:    
Deposits 540 467
Withdrawals (72) (63)
Transfer (to) from Separate Accounts (136) (41)
Change in collateralized pledged assets (1) 0
Change in collateralized pledged liabilities (3) (1)
Cash contribution from parent company 100 0
Other, net 15 1
Net cash provided by (used in) financing activities 443 363
Change in cash and cash equivalents (97) (101)
Cash and cash equivalents, beginning of year 127 161
Cash and cash equivalents, end of year $ 30 $ 60