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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income (loss) $ 104 $ 225
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Realized (gain) loss (29) 181
Trading securities purchases, sales and maturities, net (187) 98
Amortization of deferred gain on business sold through reinsurance (19) (9)
Change in:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 31 54
Premiums and fees receivable (91) (167)
Accrued investment income (35) (41)
Insurance liabilities and reinsurance-related balances 1,271 (764)
Accrued expenses (262) (40)
Federal income tax accruals 42 37
Other (72) (216)
Net cash provided by (used in) operating activities 753 (642)
Cash Flows from Investing Activities    
Purchases of available-for-sale securities and equity securities (3,934) (3,834)
Sales of available-for-sale securities and equity securities 105 571
Maturities of available-for-sale securities 1,604 1,913
Purchases of alternative investments (161) (163)
Sales and repayments of alternative investments 131 54
Issuance of mortgage loans on real estate (540) (888)
Repayment and maturities of mortgage loans on real estate 717 403
Repayment (issuance) of policy loans, net 25 (76)
Net change in collateral on investments, derivatives and related settlements 16 1,341
Other (104) (33)
Net cash provided by (used in) investing activities (2,141) (712)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities (300)  
Issuance of long-term debt, net of issuance costs 297  
Payment related to sale-leaseback transactions (4)  
Deposits of fixed account values, including the fixed portion of variable 3,048 3,136
Withdrawals of fixed account values, including the fixed portion of variable (1,830) (1,777)
Transfers to and from separate accounts, net 14 (122)
Common stock issued for benefit plans (10) 7
Repurchase of common stock (400) (105)
Dividends paid to common stockholders (79) (80)
Other (63)
Net cash provided by (used in) financing activities 736 996
Net increase (decrease) in cash, invested cash and restricted cash (652) (358)
Cash, invested cash and restricted cash as of beginning-of-year 2,612 1,708
Cash, invested cash and restricted cash as of end-of-period $ 1,960 $ 1,350