| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
-735 | 870 | -378 | -2,939 | 1,119 | ||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization expenses | ||||||
- | - | - | 17 | 26 | ||
Amortization of premiums and accretion of discounts associated with investments, net | ||||||
283 | 264 | 276 | 235 | 240 | ||
Gain (Loss) on Investments | ||||||
112 | -207 | -28 | -78 | 7 | ||
(Gains) losses on derivatives, net | ||||||
-2,547 | 45 | -3,000 | -7,093 | -1,221 | ||
(Income) loss from equity method investments, net of dividends and distributions | ||||||
-70 | 66 | 46 | 7 | -118 | ||
Policyholder Account Balance, Interest Expense | ||||||
1,063 | 1,079 | 1,111 | 1,165 | 1,259 | ||
Insurance Commissions and Fees | ||||||
3,580 | 3,835 | 3,898 | 3,782 | 4,010 | ||
Goodwill impairment | ||||||
- | - | - | 161 | 0 | ||
Change in accrued investment income | ||||||
-84 | 171 | 80 | 33 | -1 | ||
Change in premiums, reinsurance and other receivables | ||||||
629 | 207 | -197 | -40 | 394 | ||
Change in deferred policy acquisition costs and value of business acquired, net | ||||||
-8 | -725 | 33 | -38 | -382 | ||
Change in income tax | ||||||
-316 | 1,082 | -117 | -2,084 | 731 | ||
Change in other assets | ||||||
-1,974 | -2,143 | -2,271 | -2,240 | -2,348 | ||
Change in future policy benefits and other policy-related balances | ||||||
1,688 | 1,358 | 1,418 | 2,438 | 2,295 | ||
Change in other liabilities | ||||||
-26 | 72 | 70 | -586 | -247 | ||
Other, net | ||||||
75 | 114 | 129 | 132 | 29 | ||
Net cash provided by (used in) operating activities | ||||||
1,828 | 3,062 | 3,396 | 3,736 | 4,631 | ||
Cash flows from investing activities | ||||||
Sales, maturities and repayments of fixed maturity securities | ||||||
14,146 | 15,819 | 17,214 | 46,130 | 38,885 | ||
Sales, maturities and repayments of equity securities | ||||||
57 | 22 | 97 | 224 | 308 | ||
Sales, maturities and repayments of mortgage loans | ||||||
1,538 | 797 | 742 | 1,602 | 1,105 | ||
Sales, maturities and repayments of real estate limited partnerships and limited liability companies | ||||||
- | - | - | 450 | 512 | ||
Sales, maturities and repayments of limited partnerships and limited liability companies | ||||||
302 | 275 | 341 | 417 | 426 | ||
Purchases of fixed maturity securities | ||||||
16,915 | 16,460 | 18,782 | 39,687 | 44,058 | ||
Purchases of equity securities | ||||||
22 | 2 | 2 | 58 | 273 | ||
Purchases of mortgage loans | ||||||
3,610 | 3,890 | 2,041 | 2,855 | 2,570 | ||
Purchases of real estate limited partnerships and limited liability companies | ||||||
- | - | - | 75 | 109 | ||
Purchases of limited partnerships and limited liability companies | ||||||
463 | 358 | 531 | 203 | 233 | ||
Cash received in connection with freestanding derivatives | ||||||
2,041 | 1,803 | 1,865 | 709 | 227 | ||
Cash paid in connection with freestanding derivatives | ||||||
2,639 | 2,940 | 3,831 | 2,765 | 871 | ||
Cash received under repurchase agreements | ||||||
- | - | - | - | 199 | ||
Cash paid under repurchase agreements | ||||||
- | - | - | - | 199 | ||
Cash received under reverse repurchase agreements | ||||||
- | - | - | - | 199 | ||
Cash paid under reverse repurchase agreements | ||||||
- | - | - | - | 199 | ||
Sale of loans to a former affiliate | ||||||
- | - | - | - | 26 | ||
Receipts on loans to a former affiliate | ||||||
- | - | - | 50 | 0 | ||
Net change in policy loans | ||||||
-129 | -103 | 6 | -111 | 77 | ||
Net change in short-term investments | ||||||
1,942 | -312 | -1,030 | -616 | 316 | ||
Net change in other invested assets | ||||||
-37 | 19 | 13 | -8 | 24 | ||
Other, net | ||||||
0 | 0 | -2 | 0 | 0 | ||
Net cash provided by (used in) investing activities | ||||||
-7,341 | -4,538 | -3,915 | 4,674 | -7,042 | ||
Cash flows from financing activities | ||||||
Policyholder account balances: Deposits | ||||||
7,672 | 6,480 | 4,990 | 10,712 | 20,953 | ||
Policyholder account balances: Withdrawals | ||||||
2,849 | 3,494 | 3,103 | 12,379 | 21,178 | ||
Net change in payables for collateral under securities loaned and other transactions | ||||||
-666 | 888 | -3,147 | -3,247 | 3,126 | ||
Long-term debt issued | ||||||
1,000 | 375 | 3,588 | 0 | 175 | ||
Long-term debt repaid | ||||||
602 | 9 | 13 | 26 | 235 | ||
Preferred stock issued, net of issuance costs | ||||||
412 | 0 | 0 | - | - | ||
Dividends on preferred stock | ||||||
21 | 0 | 0 | - | - | ||
Collateral financing arrangement repaid | ||||||
0 | 0 | 2,797 | 0 | 0 | ||
Treasury stock acquired in connection with share repurchases | ||||||
442 | 105 | 0 | 0 | - | ||
Distribution to MetLife, Inc. | ||||||
0 | 0 | 1,798 | 0 | 0 | ||
Cash received from MetLife, Inc. in connection with shareholder’s net investment | ||||||
0 | 0 | 293 | 1,833 | 406 | ||
Cash paid to MetLife, Inc. in connection with shareholder’s net investment | ||||||
0 | 0 | 668 | 634 | 771 | ||
Financing element on certain derivative instruments and other derivative related transactions, net | ||||||
203 | 303 | 149 | 1,011 | 96 | ||
Other, net | ||||||
-56 | -68 | -48 | 0 | 0 | ||
Net cash provided by (used in) financing activities | ||||||
4,245 | 3,764 | -2,852 | -4,752 | 2,380 | ||
Change in cash, cash equivalents and restricted cash | ||||||
-1,268 | 2,288 | -3,371 | 3,658 | -33 | ||
Effect of change in foreign currency exchange rates on cash and cash equivalents balances | ||||||
- | - | - | - | -2 | ||
Supplemental disclosures of cash flow information | ||||||
Net cash paid (received) for interest | ||||||
187 | 159 | 155 | 186 | 195 | ||
Net cash paid (received) for income tax | ||||||
16 | -895 | -637 | 189 | -405 | ||
Non-cash transactions: | ||||||
Transfer of fixed maturity securities from former affiliates | ||||||
- | - | - | 4,030 | 0 | ||
Transfer of mortgage loans from former affiliates | ||||||
- | - | - | 662 | 0 | ||
Transfer of short-term investments from former affiliates | ||||||
- | - | - | 94 | 0 | ||
Transfer of fixed maturity securities to former affiliate | ||||||
0 | 0 | 293 | 346 | 0 | ||
Reduction of other invested assets in connection with affiliated reinsurance transactions | ||||||
- | - | - | 676 | 0 | ||
Reduction of policyholder account balances in connection with reinsurance transactions | ||||||
0 | 0 | 293 | 0 | 0 | ||