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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income (loss) $ 867 $ (42)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss 182 671
Trading securities purchases, sales and maturities, net 210 (33)
Amortization of deferred gain on business sold through reinsurance (17) (22)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 115 (177)
Premiums and fees receivable (97) (25)
Accrued investment income (10) (20)
Insurance liabilities and reinsurance-related balances (1,438) 720
Accrued expenses 42 (296)
Federal income tax accruals 167 (85)
Other (252) 280
Net cash provided by (used in) operating activities (231) 971
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (8,304) (8,732)
Sales of available-for-sale securities and equity securities 1,269 1,789
Maturities of available-for-sale securities 4,700 2,389
Purchases of alternative investments (361) (165)
Sales and repayments of alternative investments 128 81
Issuance of mortgage loans on real estate (1,634) (1,081)
Repayment and maturities of mortgage loans on real estate 851 609
Issuance (repayment) of policy loans, net 16 (74)
Net change in collateral on investments, derivatives and related settlements 1,888 1,910
Other (71) (90)
Net cash provided by (used in) investing activities (1,518) (3,364)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities   (1,096)
Issuance of long-term debt, net of issuance costs   1,289
Payment related to early extinguishment of debt   (13)
Proceeds from certain financing arrangements 50 69
Deposits of fixed account values, including the fixed portion of variable 6,375 7,271
Withdrawals of fixed account values, including the fixed portion of variable (3,299) (3,314)
Transfers to and from separate accounts, net (229) 216
Common stock issued for benefit plans 12 (10)
Repurchase of common stock (255) (225)
Dividends paid to common stockholders (161) (156)
Other (63)
Net cash provided by (used in) financing activities 2,430 4,031
Net increase (decrease) in cash, invested cash and restricted cash 681 1,638
Cash, invested cash and restricted cash as of beginning-of-year 1,708 2,563
Cash, invested cash and restricted cash as of end-of-period $ 2,389 $ 4,201