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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Statement of Cash Flows [Abstract]    
Net income (loss) $ 2,739 $ (412)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 1,002 905
Policy charges and fee income (2,449) (2,755)
Net derivative (gains) losses (3,118) 3,930
Credit and intent to sell losses on available for sale debt securities and loans 266 (4)
Investment (gains) losses, net 624 (761)
(Gains) losses on businesses HFS 0 (2)
Realized and unrealized (gains) losses on trading securities 239 48
Non-cash long-term incentive compensation expense 104 34
Amortization and depreciation 587 336
Equity (income) loss from limited partnerships (128) (431)
Changes in:    
Net broker-dealer and customer related receivables/payables (195) (625)
Reinsurance recoverable [1] (846) (758)
Segregated cash and securities, net 169 845
Capitalization of deferred policy acquisition costs (645) (620)
Future policy benefits 122 (107)
Current and deferred income taxes 589 (516)
Other, net 195 539
Net cash provided by (used in) operating activities (745) (354)
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 14,413 25,911
Fixed maturities, at fair value using the fair value option 433 610
Mortgage loans on real estate 901 1,417
Trading account securities 205 5,115
Short term investments 313 84
Other 454 1,447
Payment for the purchase/origination of:    
Fixed maturities, available-for-sale (17,022) (33,276)
Fixed maturities, at fair value using the fair value option (416) (1,564)
Mortgage loans on real estate (2,604) (1,680)
Trading account securities (185) (178)
Short term investments (676) (14)
Other (992) (2,259)
Purchase of business, net of cash acquired 40 0
Cash from the sale of business, net of cash sold 0 215
Cash settlements related to derivative instruments, net 799 (6,502)
Repayments of loans to affiliates 0 0
Investment in capitalized software, leasehold improvements and EDP equipment (102) (93)
Other, net 167 (8)
Net cash provided by (used in) investing activities (4,272) (10,775)
Cash flows from financing activities:    
Deposits 11,680 12,760
Withdrawals (5,011) (4,617)
Transfers (to) from Separate Accounts 1,148 1,455
Change in short-term financings 155 1
Change in collateralized pledged assets 37 55
Change in collateralized pledged liabilities (2,472) 1,494
(Decrease) increase in overdrafts payable (20) 25
Repayment of long-term debt 0 (280)
Repayment of acquisition-related debt obligation (43) 0
Proceeds from notes issued by consolidated VIEs (34) 874
Dividends paid on common stock (220) (224)
Dividends paid on preferred stock (54) (53)
Issuance of preferred stock 0 293
Purchases of AB Holding Units to fund long-term incentive compensation plan awards (108) (122)
Purchase of treasury shares (699) (1,169)
Purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds (49) 23
Distribution to noncontrolling interest of consolidated subsidiaries (318) (296)
Other, net 65 (38)
Net cash provided by (used in) financing activities 4,058 10,181
Effect of exchange rate changes on cash and cash equivalents (90) (15)
Change in cash and cash equivalents (1,049) (963)
Cash and cash equivalents, beginning of year 5,188 6,179
Change in cash of businesses held-for-sale 0 39
Cash and cash equivalents, end of year 4,139 5,255
Non-cash transactions from investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 54 93
Transfer of assets to reinsurer $ 0 $ (9,023)
[1] Amount includes cash paid for Venerable Transaction of $494 million. See the Note 1 of the Notes to these Consolidated Financial Statements.