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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 139 $ (88)
Change in operating assets and liabilities:    
Accrued investment income (35) (27)
Premiums receivable and other reinsurance balances (93) 2
Deferred policy acquisition costs 7 (88)
Reinsurance ceded receivable balances (99) 39
Future policy benefits, other policy claims and benefits, and other reinsurance balances 3,064 2,051
Deferred income taxes (195) (67)
Other assets and other liabilities, net 37 (57)
Amortization of net investment premiums, discounts and other (12) (12)
Depreciation, Depletion and Amortization 11 4
Investment related (gains) losses, net (302) 285
Other, net (156) 165
Net cash provided by operating activities 2,366 2,207
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 2,738 2,141
Maturities of fixed maturity securities available-for-sale 216 283
Proceeds from Sale of Available-for-sale Securities, Equity 1 177
Proceeds from Sale and Collection of Mortgage Notes Receivable 164 189
Payments to Acquire Mortgage Notes Receivable (356) (541)
Payments to Fund Policy Loans 10 4
Payments to Acquire Available-for-sale Securities 5,293 3,157
Payments to Acquire Available-for-sale Securities, Equity 0 (15)
Proceeds from Collection of Policy Loans (4) 0
Increase (Decrease) in Funds Held under Reinsurance Agreements 26 17
Payments to Acquire Property, Plant, and Equipment (4) (6)
Change in short-term investments 64 (58)
Change in other invested assets (2) (96)
Net cash used in investing activities (2,492) (1,096)
Cash Flows from Financing Activities:    
Dividends to stockholders (48) (44)
Proceeds from (Repayments of) Secured Debt (42) (19)
Repayments of Long-term Debt (1) (1)
Purchases of treasury stock (1) (156)
Exercise of stock options, net 0 1
Change in cash collateral for derivative positions and other arrangements (25) 51
Deposits on universal life and other investment type policies and contracts 255 663
Withdrawals on universal life and other investment type policies and contracts (281) (188)
Net cash (used in) provided by financing activities (143) 307
Effect of exchange rate changes on cash (17) (47)
Cash and Cash Equivalents, Period Increase (Decrease) (286) 1,371
Cash and cash equivalents, beginning of period 3,408 1,449
Cash and cash equivalents, end of period 3,122 2,820
Supplemental disclosures of cash flow information:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 36 39
Income Taxes Paid, Net $ 61 $ (31)