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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income $ 1,737 $ 2,085 $ 1,807
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Net realized capital losses (gains) (34) (395) 165
Loss on extinguishment of debt 0 (90) (6)
Additional Cash Flow Elements, Operating Activities      
Amortization of deferred policy acquisition costs 1,706 1,622 1,442
Additions to deferred policy acquisition costs (1,666) (1,635) (1,404)
Depreciation and amortization 562 451 467
Loss (gain) on sale of business 48 0 (202)
Other operating activities, net 85 76 408
Increase in reinsurance recoverables (540) (81) (323)
Net change in accrued and deferred income taxes 459 886 (103)
Increase in insurance liabilities 1,426 768 493
Net change in other assets and other liabilities 88 (378) 87
Cash provided by operating activities 3,871 3,489 2,843
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities, available-for-sale 19,534 18,499 24,700
Proceeds from Sale and Maturity of Marketable Securities 1,485 1,553 1,230
Mortgage loans 948 771 483
Partnerships 167 238 433
Payments for the purchase of:      
Fixed maturities, available-for-sale (21,112) (19,881) (23,173)
Equity securities at fair value (962) (1,316) (1,500)
Mortgage loans (1,264) (1,275) (983)
Partnerships (491) (303) (481)
Net proceeds from (payments for) derivatives 112 32 (224)
Net additions to property and equipment (114) (105) (122)
Net proceeds from (payments for) from short-term investments (368) 1,491 (3,460)
Other investing activities, net (1) 49 20
Proceeds from businesses sold, net of cash transferred 0 0 1,115
Amounts paid for business acquired, net of cash acquired 0 (1,901) 0
Net cash used for investing activities (2,066) (2,148) (1,962)
Financing Activities      
Deposits and other additions to investment and universal life-type contracts 60 123 1,814
Withdrawals and other deductions from investment and universal life-type contracts (102) (124) (9,210)
Net transfers from separate accounts related to investment and universal life-type contracts 0 0 6,949
Repayments at maturity or settlement of consumer notes 0 0 (2)
Net decrease in securities loaned or sold under agreements to repurchase (587) (323) (621)
Repayment of debt (500) (1,583) (826)
Proceeds from the issuance of debt 0 1,376 490
Preferred stock issued, net of issuance costs 0 0 334
Net return of shares under incentive and stock compensation plans (21) (6) (16)
Treasury stock acquired (150) (200) 0
Payments for Repurchase of Preferred Stock and Preference Stock (21) (21) 0
Dividends paid on common stock (457) (433) (379)
Net cash used for financing activities (1,778) (1,191) (1,467)
Foreign exchange rate effect on cash 8 (9) (10)
Net increase (decrease) in cash and restricted cash, including cash classified within assets held for sale 35 141 (596)
Less: Net increase (decrease) in cash classified as assets held for sale 58 0 (537)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (23) 141 (59)
Cash and restricted cash — beginning of period 262 121 180
Cash and restricted cash — end of period 239 262 121
Supplemental Disclosure of Cash Flow Information      
Income tax received 71 396 9
Interest paid $ 232 $ 261 $ 292