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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net Cash Provided by (Used in) Operating Activities $ 163 $ 2,366
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 2,608 2,738
Maturities of fixed maturity securities available-for-sale 228 216
Proceeds from Sale of Available-for-sale Securities, Equity 4 1
Proceeds from Sale and Collection of Mortgage Notes Receivable 188 164
Payments to Fund Policy Loans 13 10
Payments to Acquire Available-for-sale Securities (4,762) (5,293)
Payments to Acquire Mortgage Notes Receivable (443) (356)
Proceeds from Collection of Policy Loans 0 (4)
Increase (Decrease) in Funds Held under Reinsurance Agreements 5 26
Payments to Acquire Property, Plant, and Equipment (6) (4)
Change in short-term investments (232) 64
Change in other invested assets 172 (2)
Net cash used in investing activities (2,235) (2,492)
Cash Flows from Financing Activities:    
Dividends to stockholders (49) (48)
Proceeds from (Repayments of) Secured Debt (14) (42)
Repayments of Long-term Debt (1) (1)
Purchases of treasury stock (27) (1)
Change in cash collateral for derivative positions and other arrangements (6) (25)
Decrease Increase In Reinsurance Deposits Financing Activities (3) 0
Deposits to investment-type policies and contracts 2,369 255
Withdrawals from investment-type policies and contracts (505) (281)
Issuance of preferred interests by subsidiary 90 0
Net cash provided by (used in) financing activities 1,854 (143)
Effect of exchange rate changes on cash (21) (17)
Cash and Cash Equivalents, Period Increase (Decrease) (239) (286)
Cash and cash equivalents, beginning of period   3,408
Cash and cash equivalents, end of period 2,709 3,122
Supplemental disclosures of cash flow information:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 33 36
Income Taxes Paid, Net $ 81 $ 61