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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Deposits on investment-type policies and contracts $ 21,942 $ 13,925
Repayments of Annuities and Investment Certificates (6,804) (4,074)
Deposits on investment-type policies and contracts through reinsurance agreements 57 719
Withdrawals on investment-type policies and contracts through reinsurance agreements 6,906 3,944
Payments of Ordinary Dividends, Common Stock 562 1,125
Net investment (income) loss (related party: 2023 – $(47) and 2022 – $12) (60) (267)
Net recognized (gains) losses on investments and derivatives (1,420) 4,892
Accrued investment income (297) (124)
Interest sensitive contract liabilities (related party: 2023 – $83 and 2022 – $(68)) 2,080 (1,724)
Future policy benefits, market risk benefits and reinsurance recoverable (related party: 2023 – $(5) and 2022 – $4) 3,827 3,000
Funds withheld assets (1,229) 4,622
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 6,045 14,494
Trading securities (related party: 2023 – $39 and 2022 – $79) 203 105
Mortgage loans (related party: 2023 – $23 and 2022 – $33) 1,533 1,829
Investment funds (related party: 2023 – $243 and 2022 – $769) 295 940
Derivative instruments and other investments (related party: 2023 – $0 and 2022 – $74) 2,936 2,064
Short-term investments 2,624 114
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (16,213) (18,665)
Mortgage loans (related party: 2023 – $0 and 2022 – $(364)) (8,700) (7,832)
Trading securities (767) (267)
Investment funds (1,103) (3,256)
Derivative instruments and other investments (related party: 2023 – $(45) and 2022 – $(124)) (3,551) (1,335)
Short-term investments (1,899) (271)
Related Party    
Deposits on investment-type policies and contracts 5 38
Repayments of Annuities and Investment Certificates (219) (167)
Deposits on investment-type policies and contracts through reinsurance agreements 11 153
Withdrawals on investment-type policies and contracts through reinsurance agreements 893 718
Net investment (income) loss (related party: 2023 – $(47) and 2022 – $12) (47) 12
Net recognized (gains) losses on investments and derivatives (625) 183
Accrued investment income (65) (22)
Interest sensitive contract liabilities (related party: 2023 – $83 and 2022 – $(68)) 83 (68)
Future policy benefits, market risk benefits and reinsurance recoverable (related party: 2023 – $(5) and 2022 – $4) (5) 4
Funds withheld assets (163) 970
Sales, maturities and repayments of:    
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 698 3,047
Trading securities (related party: 2023 – $39 and 2022 – $79) 39 79
Mortgage loans (related party: 2023 – $23 and 2022 – $33) 23 33
Investment funds (related party: 2023 – $243 and 2022 – $769) 243 769
Derivative instruments and other investments (related party: 2023 – $0 and 2022 – $74) 0 74
Short-term investments 637 0
Purchases of:    
Payments to Acquire Debt Securities, Available-for-sale (3,356) (1,880)
Mortgage loans (related party: 2023 – $0 and 2022 – $(364)) 0 (364)
Trading securities (602) (152)
Investment funds (982) (3,130)
Derivative instruments and other investments (related party: 2023 – $(45) and 2022 – $(124)) (45) (124)
Short-term investments (1,478) (33)
Equity securities | Related Party    
Purchases of:    
Equity securities $ 0 $ (13)