| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||||
Net cash provided by (used in) operating activities | ||||||||||||
96 | 506 | 513 | 433 | 376 | 1,566 | 479 | 726 | 291 | 1,366 | 705 | 965 | 360 |
Cash flows from investing activities | ||||||||||||
Sales, maturities and repayments of fixed maturity securities | ||||||||||||
1,674 | 2,258 | 2,786 | 5,002 | 4,100 | 4,139 | 4,079 | 3,544 | 4,057 | 4,430 | 5,875 | 3,685 | 3,224 |
Sales, maturities and repayments of equity securities | ||||||||||||
14 | 28 | 13 | 10 | 6 | 7 | 3 | 6 | 6 | 39 | 18 | 15 | 25 |
Sales, maturities and repayments of mortgage loans | ||||||||||||
481 | 605 | 391 | 279 | 263 | 351 | 147 | 130 | 169 | 177 | 196 | 225 | 144 |
Sales, maturities and repayments of real estate limited partnerships and limited liability companies | ||||||||||||
- | - | - | - | - | - | 5 | 8 | 74 | - | 35 | 1 | 11 |
Sales, maturities and repayments of limited partnerships and limited liability companies | ||||||||||||
69 | 99 | 60 | 66 | 77 | 138 | 62 | 33 | 42 | 146 | 43 | 42 | 110 |
Purchases of fixed maturity securities | ||||||||||||
2,541 | 3,503 | 4,149 | 5,433 | 3,830 | 4,455 | 4,611 | 3,590 | 3,804 | 5,894 | 5,357 | 4,957 | 2,574 |
Purchases of equity securities | ||||||||||||
- | - | - | - | - | 1 | 0 | 0 | 1 | 0 | 0 | -1 | 3 |
Purchases of mortgage loans | ||||||||||||
279 | 985 | 652 | 897 | 1,076 | 1,119 | 855 | 1,177 | 739 | 487 | 358 | 574 | 622 |
Purchases of real estate limited partnerships and limited liability companies | ||||||||||||
- | - | - | - | - | - | 4 | 12 | 15 | - | 132 | 57 | 35 |
Purchases of limited partnerships and limited liability companies | ||||||||||||
178 | 155 | 108 | 90 | 110 | 164 | 95 | 61 | 38 | 357 | 65 | 52 | 57 |
Cash received in connection with freestanding derivatives | ||||||||||||
3,412 | 862 | 454 | 409 | 316 | 661 | 420 | 10 | 712 | 54 | 43 | 458 | 1,310 |
Cash paid in connection with freestanding derivatives | ||||||||||||
1,807 | 934 | 364 | 1,031 | 310 | 654 | 716 | 156 | 1,414 | 449 | 661 | 871 | 1,850 |
Net change in policy loans | ||||||||||||
-41 | -40 | -10 | -43 | -36 | -22 | -16 | -58 | -7 | 1 | 9 | 1 | -5 |
Net change in short-term investments | ||||||||||||
2,387 | -35 | 1,188 | -10 | 799 | -116 | -61 | -116 | -19 | -850 | -137 | 228 | -271 |
Net change in other invested assets | ||||||||||||
-17 | -16 | 17 | 17 | -55 | 54 | -42 | 29 | -22 | 46 | -42 | 28 | -19 |
Net cash provided by (used in) investing activities | ||||||||||||
-1,484 | -1,642 | -2,767 | -1,660 | -1,272 | -1,069 | -1,446 | -1,120 | -903 | -1,361 | -193 | -2,339 | -22 |
Cash flows from financing activities | ||||||||||||
Policyholder account balances: Deposits | ||||||||||||
1,974 | 1,983 | 1,895 | 1,936 | 1,858 | 1,776 | 1,686 | 1,502 | 1,516 | 1,526 | 1,254 | 1,031 | 1,179 |
Policyholder account balances: Withdrawals | ||||||||||||
478 | 828 | 517 | 593 | 911 | 1,295 | 632 | 795 | 772 | 834 | 678 | 572 | 1,019 |
Net change in payables for collateral under securities loaned and other transactions | ||||||||||||
6,597 | -900 | 1,197 | 104 | -1,067 | 1,014 | -222 | 21 | 75 | -400 | -2,551 | -57 | -139 |
Long-term debt issued | ||||||||||||
0 | 0 | 0 | 0 | 1,000 | 0 | 375 | 0 | 0 | - | - | - | - |
Long-term debt repaid | ||||||||||||
0 | 1 | 0 | 1 | 600 | 0 | 3 | 3 | 3 | 3 | 3 | 4 | 3 |
Preferred stock issued, net of issuance costs | ||||||||||||
0 | 0 | 0 | 0 | 412 | 0 | 0 | 0 | 0 | - | - | - | - |
Dividends on preferred stock | ||||||||||||
7 | 7 | 7 | 7 | 0 | - | - | - | - | - | - | - | - |
Treasury stock acquired in connection with share repurchases | ||||||||||||
142 | 128 | 126 | 136 | 52 | 63 | 42 | 0 | 0 | - | - | - | - |
Cash received from MetLife, Inc. in connection with shareholder’s net investment | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 269 | 24 |
Cash paid to MetLife, Inc. in connection with shareholder’s net investment | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 648 | 20 |
Financing element on certain derivative instruments and other derivative related transactions, net | ||||||||||||
486 | 382 | -135 | -55 | 11 | -83 | 160 | 69 | 157 | 112 | 83 | 178 | -224 |
Other, net | ||||||||||||
-17 | -13 | -15 | -14 | -14 | -11 | -26 | -15 | -16 | -22 | 1 | -27 | 0 |
Net cash provided by (used in) financing activities | ||||||||||||
7,441 | -276 | 2,562 | 1,344 | 615 | 1,504 | 976 | 641 | 643 | 154 | -3,257 | 5 | 246 |
Change in cash, cash equivalents and restricted cash | ||||||||||||
6,053 | -1,412 | 308 | 117 | -281 | 2,001 | 9 | 247 | 31 | 159 | -2,745 | -1,369 | 584 |
Supplemental disclosures of cash flow information | ||||||||||||
Net cash paid (received) for interest | ||||||||||||
15 | 79 | 16 | 80 | 12 | 76 | 3 | 72 | 8 | 66 | 0 | 55 | 34 |
Net cash paid (received) for income tax | ||||||||||||
0 | 8 | 3 | 6 | -1 | -898 | 0 | 3 | 0 | -713 | 31 | 38 | 7 |
Non-cash transactions: | ||||||||||||
Transfer of fixed maturity securities to former affiliate | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 293 |
Reduction of policyholder account balances in connection with reinsurance transactions | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 293 |