Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||
net income | -1,215,000,000 | -283,000,000 | 150,000,000 | 1,015,000,000 | 26,000,000 | 565,000,000 | 217,000,000 | -589,000,000 | 1,135,000,000 | 831,000,000 | 266,000,000 | -713,000,000 | 327,000,000 | 1,773,000,000 | 639,000,000 | 388,000,000 | 765,000,000 | 223,000,000 | -1,400,000,000 | -1,136,000,000 | -718,000,000 | -3,942,000,000 | 5,447,000,000 | -841,000,000 | -316,000,000 | 430,000,000 | -709,000,000 | 1,999,000,000 | -391,000,000 | 255,000,000 | 291,000,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||
interest credited to policyholders’ account balances | 798,000,000 | 796,000,000 | 678,000,000 | 620,000,000 | 708,000,000 | 605,000,000 | 566,000,000 | 563,000,000 | 556,000,000 | 501,000,000 | 463,000,000 | 407,000,000 | 378,000,000 | 309,000,000 | 315,000,000 | 314,000,000 | 305,000,000 | 309,000,000 | 291,000,000 | 292,000,000 | 306,000,000 | 307,000,000 | 317,000,000 | 319,000,000 | 304,000,000 | 314,000,000 | 304,000,000 | 273,000,000 | 278,000,000 | 268,000,000 | 271,000,000 |
policy charges and fee income | -471,000,000 | -626,000,000 | -636,000,000 | -638,000,000 | -626,000,000 | -617,000,000 | -614,000,000 | -599,000,000 | -599,000,000 | -594,000,000 | -588,000,000 | -792,000,000 | -796,000,000 | -813,000,000 | -840,000,000 | -882,000,000 | -867,000,000 | -939,000,000 | -949,000,000 | -948,000,000 | -917,000,000 | -879,000,000 | -991,000,000 | -937,000,000 | -929,000,000 | -941,000,000 | -931,000,000 | -943,000,000 | -922,000,000 | -987,000,000 | -972,000,000 |
net derivative (gains) losses | 1,117,000,000 | 1,374,000,000 | -799,000,000 | 253,000,000 | 714,000,000 | 208,000,000 | 1,376,000,000 | 1,254,000,000 | -615,000,000 | 917,000,000 | 841,000,000 | 1,422,000,000 | -68,000,000 | -2,229,000,000 | -821,000,000 | 535,000,000 | 185,000,000 | 1,199,000,000 | 2,546,000,000 | 3,612,000,000 | 1,478,000,000 | 6,033,000,000 | -9,401,000,000 | 1,683,000,000 | 451,000,000 | 236,000,000 | 1,630,000,000 | 281,000,000 | |||
credit and intent to sell losses on available for sale debt securities and loans | -11,000,000 | 19,000,000 | 28,000,000 | 15,000,000 | 20,000,000 | 75,000,000 | 65,000,000 | 14,000,000 | 66,000,000 | 48,000,000 | |||||||||||||||||||||
investment (gains) losses | 1,181,000,000 | 17,000,000 | 14,000,000 | 13,000,000 | 18,000,000 | 1,000,000 | 19,000,000 | 84,000,000 | 346,000,000 | 42,000,000 | 21,000,000 | 7,000,000 | 65,000,000 | 223,000,000 | 336,000,000 | -102,000,000 | -165,000,000 | -414,000,000 | -182,000,000 | -585,000,000 | -21,000,000 | -201,000,000 | -65,000,000 | -30,000,000 | -199,000,000 | 12,000,000 | 11,000,000 | 131,000,000 | 35,000,000 | 22,000,000 | -102,000,000 |
(gains) losses on businesses held-for-sale | 0 | 0 | -134,000,000 | -1,000,000 | -4,000,000 | 1,000,000 | -1,000,000 | 3,000,000 | |||||||||||||||||||||||
realized and unrealized (gains) losses on trading securities | -50,000,000 | -40,000,000 | 1,000,000 | 26,000,000 | -71,000,000 | -6,000,000 | -37,000,000 | -60,000,000 | 27,000,000 | -10,000,000 | -34,000,000 | -41,000,000 | 43,000,000 | 104,000,000 | 92,000,000 | -22,000,000 | 15,000,000 | -8,000,000 | 41,000,000 | -37,000,000 | -3,000,000 | -300,000,000 | 170,000,000 | -17,000,000 | -29,000,000 | -162,000,000 | -294,000,000 | -29,000,000 | |||
loss on novation | 0 | 0 | 499,000,000 | ||||||||||||||||||||||||||||
ab retirement plan losses | -3,000,000 | 0 | 21,000,000 | ||||||||||||||||||||||||||||
non-cash long term incentive compensation expense | 16,000,000 | 22,000,000 | 26,000,000 | 207,000,000 | 25,000,000 | 28,000,000 | 25,000,000 | 38,000,000 | 192,000,000 | -31,000,000 | 24,000,000 | 41,000,000 | 155,000,000 | 22,000,000 | 28,000,000 | 5,000,000 | 188,000,000 | 22,000,000 | 26,000,000 | 42,000,000 | |||||||||||
amortization and depreciation | 219,000,000 | 220,000,000 | 213,000,000 | 220,000,000 | 211,000,000 | 189,000,000 | 240,000,000 | 236,000,000 | 196,000,000 | 156,000,000 | 224,000,000 | 227,000,000 | 216,000,000 | 191,000,000 | 180,000,000 | 161,000,000 | 88,000,000 | 95,000,000 | 153,000,000 | 89,000,000 | 162,000,000 | 231,000,000 | 1,275,000,000 | 122,000,000 | 102,000,000 | 194,000,000 | 239,000,000 | ||||
remeasurement of liability for future policy benefits | 59,000,000 | -13,000,000 | -2,000,000 | -3,000,000 | 16,000,000 | -8,000,000 | 1,000,000 | 29,000,000 | 49,000,000 | -7,000,000 | 4,000,000 | ||||||||||||||||||||
change in market risk benefits | -353,000,000 | -606,000,000 | 672,000,000 | -817,000,000 | 79,000,000 | -133,000,000 | -1,100,000,000 | -35,000,000 | -817,000,000 | -975,000,000 | 20,000,000 | ||||||||||||||||||||
equity (income) income from limited partnerships | -55,000,000 | -59,000,000 | -28,000,000 | -80,000,000 | -36,000,000 | -8,000,000 | -50,000,000 | -44,000,000 | -20,000,000 | -40,000,000 | -21,000,000 | -18,000,000 | -22,000,000 | -35,000,000 | -71,000,000 | -122,000,000 | -214,000,000 | -110,000,000 | -107,000,000 | -97,000,000 | -46,000,000 | 38,000,000 | 22,000,000 | -25,000,000 | -26,000,000 | -28,000,000 | -13,000,000 | ||||
changes in: | |||||||||||||||||||||||||||||||
net broker-dealer and customer related receivables/payables | -178,000,000 | -274,000,000 | 248,000,000 | 59,000,000 | -337,000,000 | -144,000,000 | -24,000,000 | 86,000,000 | -310,000,000 | -45,000,000 | -641,000,000 | 384,000,000 | -378,000,000 | 172,000,000 | 11,000,000 | 494,000,000 | 99,000,000 | -396,000,000 | -328,000,000 | -313,000,000 | 276,000,000 | -177,000,000 | 881,000,000 | 101,000,000 | -120,000,000 | -163,000,000 | -221,000,000 | 423,000,000 | -64,000,000 | 196,000,000 | 283,000,000 |
reinsurance recoverable and related balances | |||||||||||||||||||||||||||||||
segregated cash and securities | 58,000,000 | 289,000,000 | -272,000,000 | 47,000,000 | 45,000,000 | 274,000,000 | 2,000,000 | 60,000,000 | -48,000,000 | 175,000,000 | 468,000,000 | -187,000,000 | 412,000,000 | -54,000,000 | -189,000,000 | -595,000,000 | 165,000,000 | 339,000,000 | 341,000,000 | 115,000,000 | 13,000,000 | 131,000,000 | -918,000,000 | -136,000,000 | 151,000,000 | 153,000,000 | -93,000,000 | 93,000,000 | 35,000,000 | -265,000,000 | -208,000,000 |
capitalization of deferred policy acquisition costs | -283,000,000 | -292,000,000 | -282,000,000 | -325,000,000 | -291,000,000 | -291,000,000 | -270,000,000 | -274,000,000 | -252,000,000 | -248,000,000 | -202,000,000 | -197,000,000 | -216,000,000 | -220,000,000 | -209,000,000 | -255,000,000 | -214,000,000 | -220,000,000 | -186,000,000 | -181,000,000 | -148,000,000 | -156,000,000 | -185,000,000 | -210,000,000 | -182,000,000 | -189,000,000 | -173,000,000 | ||||
future policy benefits | -197,000,000 | 173,000,000 | 28,000,000 | 35,000,000 | 84,000,000 | 158,000,000 | 117,000,000 | 133,000,000 | 156,000,000 | 135,000,000 | -95,000,000 | -78,000,000 | -205,000,000 | 147,000,000 | 180,000,000 | -192,000,000 | -142,000,000 | -25,000,000 | 60,000,000 | 86,000,000 | 39,000,000 | -108,000,000 | 1,936,000,000 | 22,000,000 | 924,000,000 | -21,000,000 | 22,000,000 | 221,000,000 | -449,000,000 | 83,000,000 | -254,000,000 |
current and deferred income taxes | -624,000,000 | -135,000,000 | 6,000,000 | 141,000,000 | 26,000,000 | 70,000,000 | 85,000,000 | -295,000,000 | 309,000,000 | -439,000,000 | -738,000,000 | -217,000,000 | 66,000,000 | 430,000,000 | 93,000,000 | 65,000,000 | 162,000,000 | -249,000,000 | -429,000,000 | -808,000,000 | -245,000,000 | -943,000,000 | 1,425,000,000 | -144,000,000 | 13,000,000 | -160,000,000 | 183,000,000 | 384,000,000 | 25,000,000 | 121,000,000 | 103,000,000 |
other | 605,000,000 | -21,000,000 | -72,000,000 | -138,000,000 | 50,000,000 | 371,000,000 | -166,000,000 | -823,000,000 | 519,000,000 | 270,000,000 | -205,000,000 | -287,000,000 | 157,000,000 | 136,000,000 | -98,000,000 | -63,000,000 | 150,000,000 | 214,000,000 | 175,000,000 | -255,000,000 | 375,000,000 | 119,000,000 | -448,000,000 | -76,000,000 | -28,000,000 | 30,000,000 | -88,000,000 | -83,000,000 | 41,000,000 | 75,000,000 | -255,000,000 |
net cash from operating activities | 369,000,000 | 341,000,000 | 158,000,000 | 400,000,000 | 683,000,000 | 892,000,000 | 31,000,000 | -392,000,000 | 410,000,000 | 361,000,000 | -587,000,000 | -106,000,000 | 79,000,000 | -94,000,000 | -730,000,000 | -402,000,000 | 241,000,000 | -581,000,000 | -14,000,000 | -66,000,000 | 553,000,000 | 34,000,000 | -582,000,000 | 76,000,000 | 133,000,000 | -316,000,000 | -109,000,000 | 94,000,000 | 281,000,000 | -50,000,000 | -264,000,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||
proceeds from the sale/maturity/pre-payment of: | |||||||||||||||||||||||||||||||
fixed maturities, available-for-sale | 4,860,000,000 | 4,898,000,000 | 4,470,000,000 | 3,266,000,000 | 2,384,000,000 | 3,378,000,000 | 1,906,000,000 | 2,514,000,000 | 3,188,000,000 | 3,309,000,000 | 1,481,000,000 | 1,134,000,000 | 1,881,000,000 | 3,881,000,000 | 8,651,000,000 | 8,523,000,000 | 5,273,000,000 | 11,381,000,000 | 9,257,000,000 | 8,564,000,000 | 2,827,000,000 | 4,833,000,000 | 2,762,000,000 | 3,477,000,000 | 4,649,000,000 | 2,301,000,000 | 2,900,000,000 | ||||
fixed maturities, at fair value using the fair value option | 261,000,000 | 168,000,000 | 131,000,000 | 245,000,000 | 231,000,000 | 200,000,000 | 199,000,000 | 160,000,000 | 84,000,000 | 209,000,000 | 30,000,000 | 92,000,000 | 88,000,000 | 93,000,000 | 252,000,000 | 153,000,000 | 200,000,000 | 301,000,000 | 109,000,000 | ||||||||||||
mortgage loans on real estate | 664,000,000 | 315,000,000 | 349,000,000 | 160,000,000 | 550,000,000 | 204,000,000 | 256,000,000 | 93,000,000 | 117,000,000 | 155,000,000 | 81,000,000 | 253,000,000 | 188,000,000 | 433,000,000 | 280,000,000 | 279,000,000 | 874,000,000 | 298,000,000 | 245,000,000 | 176,000,000 | 71,000,000 | 263,000,000 | 120,000,000 | 244,000,000 | 420,000,000 | 72,000,000 | 216,000,000 | 393,000,000 | 222,000,000 | 85,000,000 | 68,000,000 |
trading account securities | 101,000,000 | 101,000,000 | 168,000,000 | 89,000,000 | 486,000,000 | 261,000,000 | 251,000,000 | 298,000,000 | 185,000,000 | 318,000,000 | 162,000,000 | 166,000,000 | 112,000,000 | 48,000,000 | 45,000,000 | 44,000,000 | 478,000,000 | 3,838,000,000 | 799,000,000 | 633,000,000 | 630,000,000 | 389,000,000 | 510,000,000 | 1,955,000,000 | 1,100,000,000 | 3,819,000,000 | 3,843,000,000 | 2,403,000,000 | 2,071,000,000 | 3,237,000,000 | 1,629,000,000 |
short term investments | 5,000,000 | 98,000,000 | 34,000,000 | 79,000,000 | 186,000,000 | 289,000,000 | 282,000,000 | 620,000,000 | 302,000,000 | 1,813,000,000 | 589,000,000 | 262,000,000 | 207,000,000 | 100,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 63,000,000 | 18,000,000 | 63,000,000 | 496,000,000 | 220,000,000 | 718,000,000 | ||||||||
payment for the purchase/origination of: | |||||||||||||||||||||||||||||||
cash settlements related to derivative instruments | -86,000,000 | 371,000,000 | 200,000,000 | -1,157,000,000 | -536,000,000 | -259,000,000 | -1,179,000,000 | 367,000,000 | -1,047,000,000 | -458,000,000 | -197,000,000 | -1,115,000,000 | 133,000,000 | 436,000,000 | 230,000,000 | 565,000,000 | -402,000,000 | -3,127,000,000 | -2,973,000,000 | -1,337,000,000 | -2,501,000,000 | -577,000,000 | 5,581,000,000 | -1,133,000,000 | 1,291,000,000 | -107,000,000 | -1,005,000,000 | 1,192,000,000 | -276,000,000 | -279,000,000 | -54,000,000 |
investment in capitalized software, leasehold improvements and edp equipment | -33,000,000 | -7,000,000 | -10,000,000 | -26,000,000 | -28,000,000 | -36,000,000 | -63,000,000 | -35,000,000 | -25,000,000 | -39,000,000 | -18,000,000 | -65,000,000 | -83,000,000 | -20,000,000 | 1,000,000 | -27,000,000 | -41,000,000 | -29,000,000 | -23,000,000 | -63,000,000 | -16,000,000 | -14,000,000 | -14,000,000 | -21,000,000 | -33,000,000 | -23,000,000 | -16,000,000 | -39,000,000 | -38,000,000 | -22,000,000 | -24,000,000 |
net cash from investing activities | -4,768,000,000 | -2,518,000,000 | -1,199,000,000 | -5,536,000,000 | -2,392,000,000 | -5,245,000,000 | -2,682,000,000 | 115,000,000 | -2,449,000,000 | -1,087,000,000 | -1,430,000,000 | -3,215,000,000 | -2,524,000,000 | -1,577,000,000 | -171,000,000 | -1,914,000,000 | -2,484,000,000 | -4,540,000,000 | -3,751,000,000 | -3,855,000,000 | -5,530,000,000 | -2,585,000,000 | 4,147,000,000 | -1,085,000,000 | -4,969,000,000 | -2,372,000,000 | -70,000,000 | -993,000,000 | -2,863,000,000 | 1,348,000,000 | 459,000,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||
policyholders’ account balances: | |||||||||||||||||||||||||||||||
deposits | 5,573,000,000 | 8,209,000,000 | 6,722,000,000 | 5,238,000,000 | 4,823,000,000 | 4,794,000,000 | 4,239,000,000 | 4,235,000,000 | 3,630,000,000 | 4,685,000,000 | 4,375,000,000 | 4,687,000,000 | 4,466,000,000 | 3,986,000,000 | 3,228,000,000 | 4,761,000,000 | 2,771,000,000 | 2,753,000,000 | 7,236,000,000 | 3,518,000,000 | 3,329,000,000 | 2,092,000,000 | 2,507,000,000 | 2,899,000,000 | 5,024,000,000 | 2,490,000,000 | 2,430,000,000 | 1,622,000,000 | 2,805,000,000 | 3,035,000,000 | 2,532,000,000 |
withdrawals | -3,542,000,000 | -2,578,000,000 | -2,059,000,000 | -2,818,000,000 | -2,981,000,000 | -2,147,000,000 | -2,572,000,000 | -3,113,000,000 | -1,899,000,000 | -2,175,000,000 | -2,655,000,000 | -1,951,000,000 | -1,955,000,000 | -799,000,000 | -2,257,000,000 | -2,452,000,000 | -1,499,000,000 | -1,651,000,000 | -1,467,000,000 | -1,216,000,000 | -1,087,000,000 | -930,000,000 | -1,099,000,000 | -1,068,000,000 | -1,169,000,000 | -1,315,000,000 | -1,067,000,000 | -430,000,000 | -1,420,000,000 | -1,366,000,000 | -1,384,000,000 |
transfers (to) from separate accounts | 493,000,000 | 448,000,000 | 484,000,000 | 469,000,000 | 448,000,000 | 431,000,000 | 401,000,000 | 385,000,000 | 327,000,000 | 338,000,000 | 309,000,000 | 299,000,000 | 291,000,000 | 403,000,000 | 454,000,000 | 530,000,000 | 498,000,000 | 460,000,000 | 497,000,000 | 533,000,000 | 1,046,000,000 | 360,000,000 | 513,000,000 | 411,000,000 | 527,000,000 | 407,000,000 | 424,000,000 | ||||
payments of market risk benefits | -150,000,000 | -212,000,000 | -154,000,000 | -138,000,000 | -169,000,000 | -174,000,000 | -202,000,000 | -185,000,000 | -184,000,000 | -203,000,000 | -172,000,000 | ||||||||||||||||||||
repayment of short-term financings | 0 | 0 | 0 | -254,000,000 | |||||||||||||||||||||||||||
change in collateralized pledged assets | 36,000,000 | 9,000,000 | 8,000,000 | -24,000,000 | 14,000,000 | 96,000,000 | -171,000,000 | 78,000,000 | -82,000,000 | -38,000,000 | -7,000,000 | -1,000,000 | -28,000,000 | 105,000,000 | -40,000,000 | -21,000,000 | -12,000,000 | 1,459,000,000 | -1,392,000,000 | -199,000,000 | 0 | 16,000,000 | 44,000,000 | -74,000,000 | 12,000,000 | -3,000,000 | -6,000,000 | 62,000,000 | -62,000,000 | 14,000,000 | 17,000,000 |
change in collateralized pledged liabilities | 2,184,000,000 | 4,169,000,000 | -2,871,000,000 | 146,000,000 | -126,000,000 | 1,166,000,000 | 3,663,000,000 | 1,122,000,000 | -1,050,000,000 | 1,617,000,000 | 665,000,000 | 897,000,000 | -943,000,000 | -2,074,000,000 | 545,000,000 | -81,000,000 | 227,000,000 | 1,171,000,000 | 96,000,000 | -1,125,000,000 | 1,734,000,000 | -418,000,000 | 657,000,000 | -539,000,000 | 417,000,000 | 852,000,000 | 631,000,000 | -612,000,000 | -419,000,000 | 399,000,000 | 56,000,000 |
issuance of long-term debt | 0 | 0 | 495,000,000 | 0 | 1,000,000 | 0 | 496,000,000 | 0 | -1,000,000 | ||||||||||||||||||||||
repayment of long term debt | 0 | 0 | |||||||||||||||||||||||||||||
proceeds from collateralized loan obligations | 0 | 12,000,000 | 34,000,000 | 5,000,000 | 0 | 0 | |||||||||||||||||||||||||
repayment of collateralized loan obligations | -14,000,000 | -14,000,000 | -24,000,000 | ||||||||||||||||||||||||||||
proceeds from notes issued by consolidated vies | 57,000,000 | 742,000,000 | 461,000,000 | 383,000,000 | -7,000,000 | 0 | 0 | 40,000,000 | 9,000,000 | -32,000,000 | -11,000,000 | -1,000,000 | 441,000,000 | 422,000,000 | 11,000,000 | ||||||||||||||||
repayment of notes issued by consolidated vies | -3,000,000 | -374,000,000 | -465,000,000 | ||||||||||||||||||||||||||||
dividends paid on common stock | -81,000,000 | -82,000,000 | -74,000,000 | -75,000,000 | -76,000,000 | -78,000,000 | -73,000,000 | -74,000,000 | -77,000,000 | -78,000,000 | -72,000,000 | -74,000,000 | -75,000,000 | -75,000,000 | -70,000,000 | -72,000,000 | -74,000,000 | -76,000,000 | -74,000,000 | -75,000,000 | -76,000,000 | -77,000,000 | -69,000,000 | ||||||||
dividends paid on preferred stock | -16,000,000 | -18,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -14,000,000 | -26,000,000 | -13,000,000 | -19,000,000 | -11,000,000 | -10,000,000 | -13,000,000 | ||||||||
redemption of preferred stock | -160,000,000 | ||||||||||||||||||||||||||||||
purchase of alliancebernstein units | 0 | -23,000,000 | |||||||||||||||||||||||||||||
purchase of ab holding units to fund long-term incentive compensation plan awards | -4,000,000 | -14,000,000 | -30,000,000 | -79,000,000 | -44,000,000 | -28,000,000 | -6,000,000 | -23,000,000 | |||||||||||||||||||||||
purchase of treasury shares | -676,000,000 | -235,000,000 | -262,000,000 | -260,000,000 | -254,000,000 | -247,000,000 | -253,000,000 | -241,000,000 | -238,000,000 | -226,000,000 | -214,000,000 | -150,000,000 | -200,000,000 | -220,000,000 | -279,000,000 | -468,000,000 | -460,000,000 | -279,000,000 | -430,000,000 | -100,000,000 | -100,000,000 | -25,000,000 | -205,000,000 | -591,000,000 | |||||||
purchases (redemptions) of noncontrolling interests of consolidated company-sponsored investment funds | -26,000,000 | 81,000,000 | 92,000,000 | -59,000,000 | 108,000,000 | 88,000,000 | 203,000,000 | 113,000,000 | 98,000,000 | -87,000,000 | 150,000,000 | 101,000,000 | 12,000,000 | -5,000,000 | -56,000,000 | 323,000,000 | 102,000,000 | -72,000,000 | -7,000,000 | 50,000,000 | 9,000,000 | -195,000,000 | -74,000,000 | 31,000,000 | 79,000,000 | ||||||
distribution to noncontrolling interest of consolidated subsidiaries | -77,000,000 | -99,000,000 | -130,000,000 | -106,000,000 | -89,000,000 | -90,000,000 | -99,000,000 | -82,000,000 | -78,000,000 | -85,000,000 | -89,000,000 | -83,000,000 | -80,000,000 | -99,000,000 | -139,000,000 | -96,000,000 | -101,000,000 | -87,000,000 | -108,000,000 | -74,000,000 | -68,000,000 | -69,000,000 | -93,000,000 | -70,000,000 | -62,000,000 | -56,000,000 | -68,000,000 | ||||
change in securities lending | -27,000,000 | -42,000,000 | 9,000,000 | 10,000,000 | -25,000,000 | 5,000,000 | 31,000,000 | ||||||||||||||||||||||||
net cash from financing activities | 3,052,000,000 | 8,942,000,000 | 2,228,000,000 | 2,549,000,000 | 1,583,000,000 | 3,364,000,000 | 4,945,000,000 | 2,387,000,000 | 470,000,000 | 3,394,000,000 | 2,749,000,000 | 3,588,000,000 | 1,513,000,000 | 1,108,000,000 | 1,437,000,000 | 2,330,000,000 | 1,751,000,000 | 3,994,000,000 | 4,436,000,000 | 1,498,000,000 | 5,285,000,000 | 557,000,000 | 2,334,000,000 | 992,000,000 | 4,581,000,000 | 2,294,000,000 | 838,000,000 | 594,000,000 | 529,000,000 | -542,000,000 | 1,074,000,000 |
effect of exchange rate changes on cash and cash equivalents | -6,000,000 | 28,000,000 | 13,000,000 | -28,000,000 | 21,000,000 | -3,000,000 | -10,000,000 | 25,000,000 | -18,000,000 | 6,000,000 | 10,000,000 | 34,000,000 | -38,000,000 | -41,000,000 | -11,000,000 | -3,000,000 | -14,000,000 | 1,000,000 | -2,000,000 | 22,000,000 | 12,000,000 | 2,000,000 | -13,000,000 | 16,000,000 | 1,000,000 | -3,000,000 | -3,000,000 | -14,000,000 | 8,000,000 | ||
change in cash and cash equivalents | -1,353,000,000 | 6,793,000,000 | 1,200,000,000 | -2,615,000,000 | -105,000,000 | -992,000,000 | 2,284,000,000 | 2,135,000,000 | -1,587,000,000 | 2,674,000,000 | 742,000,000 | 301,000,000 | -970,000,000 | -604,000,000 | 525,000,000 | 11,000,000 | -506,000,000 | -1,126,000,000 | 669,000,000 | -2,401,000,000 | 320,000,000 | -1,992,000,000 | 5,886,000,000 | -1,000,000 | -263,000,000 | -395,000,000 | 660,000,000 | -308,000,000 | -2,056,000,000 | 742,000,000 | 1,277,000,000 |
cash and cash equivalents, beginning of period | 0 | 0 | 6,964,000,000 | 0 | 0 | 0 | 8,239,000,000 | 0 | 0 | ||||||||||||||||||||||
change in cash of businesses held-for-sale | 0 | 0 | 319,000,000 | -166,000,000 | 8,000,000 | -10,000,000 | 1,000,000 | -5,000,000 | -78,000,000 | 0 | 92,000,000 | -53,000,000 | -104,000,000 | 0 | |||||||||||||||||
cash and cash equivalents, end of period | -1,353,000,000 | 6,793,000,000 | 8,164,000,000 | -2,615,000,000 | -105,000,000 | -673,000,000 | 10,357,000,000 | 2,143,000,000 | -1,597,000,000 | -263,000,000 | -395,000,000 | 5,129,000,000 | -2,056,000,000 | 742,000,000 | 6,091,000,000 | ||||||||||||||||
non-cash transactions from investing and financing activities: | |||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for lease obligations | 43,000,000 | 9,000,000 | 15,000,000 | 9,000,000 | 17,000,000 | 205,000,000 | 17,000,000 | 21,000,000 | 10,000,000 | 20,000,000 | 5,000,000 | 29,000,000 | 48,000,000 | 19,000,000 | 26,000,000 | 8,000,000 | 2,000,000 | 14,000,000 | |||||||||||||
transfer of securities to reinsurer | |||||||||||||||||||||||||||||||
transfer of policy loans to reinsurer | |||||||||||||||||||||||||||||||
reinsurance recoverable | -255,000,000 | -307,000,000 | -254,000,000 | 14,000,000 | -251,000,000 | -375,000,000 | -365,000,000 | -305,000,000 | -345,000,000 | -456,000,000 | -260,000,000 | -209,000,000 | -261,000,000 | -376,000,000 | -319,000,000 | -62,000,000 | -617,000,000 | -79,000,000 | -85,000,000 | -24,000,000 | -179,000,000 | -113,000,000 | -76,000,000 | -5,000,000 | -47,000,000 | -18,000,000 | -283,000,000 | 72,000,000 | -12,000,000 | 32,000,000 | |
increase in overdrafts payable | 46,000,000 | -5,000,000 | -6,000,000 | 1,000,000 | -15,000,000 | -9,000,000 | 16,000,000 | 8,000,000 | 1,000,000 | -16,000,000 | -14,000,000 | -68,000,000 | 85,000,000 | 13,000,000 | -54,000,000 | 46,000,000 | -65,000,000 | 42,000,000 | -10,000,000 | -36,000,000 | 7,000,000 | ||||||||||
purchase of business, net of cash acquired | 0 | ||||||||||||||||||||||||||||||
cash from the sale of business, net of cash sold | 0 | 0 | |||||||||||||||||||||||||||||
repayment of acquisition-related debt obligation | 0 | ||||||||||||||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||
interest paid | |||||||||||||||||||||||||||||||
issuance of preferred stock | 0 | 0 | 0 | 293,000,000 | 0 | ||||||||||||||||||||||||||
securities received in exchange for the 2029 notes | 7,000,000 | ||||||||||||||||||||||||||||||
change in short-term financings | 255,000,000 | 0 | -751,000,000 | -8,000,000 | -8,000,000 | 2,000,000 | 41,000,000 | 112,000,000 | 91,000,000 | -81,000,000 | -103,000,000 | 185,000,000 | 105,000,000 | -383,000,000 | -59,000,000 | -98,000,000 | -6,000,000 | 148,000,000 | -117,000,000 | -1,508,000,000 | 167,000,000 | ||||||||||
income taxes (refunded) paid | |||||||||||||||||||||||||||||||
transfer of assets to reinsurer | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
non-cash long-term incentive compensation expense | 18,000,000 | 24,000,000 | 17,000,000 | 182,000,000 | 42,000,000 | ||||||||||||||||||||||||||
purchases of ab holding units to fund long-term incentive compensation plan awards | -52,000,000 | -1,000,000 | -18,000,000 | -103,000,000 | -1,000,000 | -93,000,000 | -14,000,000 | -140,000,000 | -47,000,000 | -39,000,000 | -36,000,000 | -95,000,000 | -6,000,000 | -30,000,000 | -18,000,000 | -184,000,000 | |||||||||||||||
changes in securities lending payable | 84,000,000 | ||||||||||||||||||||||||||||||
proceeds from the sale/maturity/prepayment of: | |||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the period | 4,281,000,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, end of the period | 5,018,000,000 | ||||||||||||||||||||||||||||||
real estate joint ventures | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||
repayment of long-term debt | 0 | 0 | 0 | -280,000,000 | 0 | 202,000,000 | |||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 0 | 0 | 0 | 5,188,000,000 | 0 | 0 | 0 | 6,179,000,000 | 0 | 0 | 0 | 4,405,000,000 | 0 | 0 | 0 | 4,469,000,000 | 0 | 0 | 0 | 4,814,000,000 | |||||||||||
cash and cash equivalents, end of year | 142,000,000 | -970,000,000 | -604,000,000 | 5,713,000,000 | -67,000,000 | -506,000,000 | -1,034,000,000 | 6,795,000,000 | -2,505,000,000 | 320,000,000 | -1,951,000,000 | 10,315,000,000 | |||||||||||||||||||
(gains) losses on businesses hfs | -1,000,000 | 0 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||
repayments of loans to affiliates | |||||||||||||||||||||||||||||||
credit losses on afs debt securities and loans | 9,000,000 | -10,000,000 | 2,000,000 | 2,000,000 | -5,000,000 | -1,000,000 | 4,000,000 | 31,000,000 | 12,000,000 | ||||||||||||||||||||||
increase in securities sold under agreement to repurchase | 0 | 0 | 0 | -573,000,000 | -1,327,000,000 | 50,000,000 | -54,000,000 | 17,000,000 | |||||||||||||||||||||||
non-cash pension plan restructuring | |||||||||||||||||||||||||||||||
non-cash transactions: | |||||||||||||||||||||||||||||||
credit losses on available-for-sale debt securities and loans | |||||||||||||||||||||||||||||||
loss on businesses held-for-sale | 19,000,000 | 0 | |||||||||||||||||||||||||||||
repayment of loans from affiliates | 0 | 0 | |||||||||||||||||||||||||||||
capital contribution from parent company | |||||||||||||||||||||||||||||||
(settlement) issuance of long-term debt | 0 | ||||||||||||||||||||||||||||||
contribution of 0.5% minority interest in axa financial, inc. | |||||||||||||||||||||||||||||||
proceeds from the sale of business | 0 | ||||||||||||||||||||||||||||||
loss on businesses held for sale | 49,000,000 | ||||||||||||||||||||||||||||||
change in cash of businesses held for sale | 24,000,000 | ||||||||||||||||||||||||||||||
change in goodwill | |||||||||||||||||||||||||||||||
proceeds from loans from affiliates | |||||||||||||||||||||||||||||||
shareholder dividends paid | |||||||||||||||||||||||||||||||
purchase of shares in consolidated subsidiaries | |||||||||||||||||||||||||||||||
short-term investments | 398,000,000 | 819,000,000 | 794,000,000 | ||||||||||||||||||||||||||||
cash contribution from parent company | |||||||||||||||||||||||||||||||
shareholder dividend paid | -74,000,000 | -73,000,000 | -68,000,000 | -73,000,000 | 0 | -15,000,000 | |||||||||||||||||||||||||
purchase of ab units by holdings | 0 | ||||||||||||||||||||||||||||||
cash paid to repurchase common stock | -37,000,000 | -6,000,000 | -744,000,000 | ||||||||||||||||||||||||||||
repurchase of ab holding units from noncontrolling interest | -10,000,000 | ||||||||||||||||||||||||||||||
non-cash transactions during the period: | |||||||||||||||||||||||||||||||
contribution of 0.5% minority interest in axa financial | 0 | ||||||||||||||||||||||||||||||
real estate held for the production of income | |||||||||||||||||||||||||||||||
real estate | |||||||||||||||||||||||||||||||
issuance of loans to affiliates | |||||||||||||||||||||||||||||||
increase in securities purchased under agreement to resell | |||||||||||||||||||||||||||||||
(income) loss related to derivative instruments | 1,934,000,000 | ||||||||||||||||||||||||||||||
non-cash pension restructuring | 4,000,000 | -1,000,000 | 102,000,000 | ||||||||||||||||||||||||||||
amortization of deferred cost of reinsurance asset | 8,000,000 | 5,000,000 | 5,000,000 | ||||||||||||||||||||||||||||
amortization of deferred sales commission | 4,000,000 | 6,000,000 | 7,000,000 | ||||||||||||||||||||||||||||
other depreciation and amortization | -25,000,000 | -12,000,000 | -20,000,000 | ||||||||||||||||||||||||||||
changes in goodwill | |||||||||||||||||||||||||||||||
distribution from joint ventures and limited partnerships | 19,000,000 | 19,000,000 | 25,000,000 | ||||||||||||||||||||||||||||
deferred policy acquisition costs | -352,000,000 | -1,000,000 | 15,000,000 | ||||||||||||||||||||||||||||
fixed maturities, available for sale | 1,169,000,000 | 2,019,000,000 | 4,288,000,000 | ||||||||||||||||||||||||||||
decrease in loans to affiliates | 0 | 884,000,000 | 346,000,000 | ||||||||||||||||||||||||||||
change in short-term investments | -938,000,000 | 294,000,000 | 876,000,000 | ||||||||||||||||||||||||||||
transfer (to) from separate accounts | -28,000,000 | -205,000,000 | -102,000,000 | ||||||||||||||||||||||||||||
cash contribution from parent | 0 | 0 | 8,000,000 | ||||||||||||||||||||||||||||
redemption of noncontrolling interests of consolidated vies | -3,000,000 | ||||||||||||||||||||||||||||||
distribution to noncontrolling interests in consolidated subsidiaries | -68,000,000 | -81,000,000 | -135,000,000 | ||||||||||||||||||||||||||||
non-cash transactions during the period | |||||||||||||||||||||||||||||||
capital contribution from parent | -8,000,000 | 0 | 630,000,000 | ||||||||||||||||||||||||||||
realized and unrealized gains on trading securities | 117,000,000 | 120,000,000 | |||||||||||||||||||||||||||||
amortization of deferred compensation | 12,000,000 | ||||||||||||||||||||||||||||||
repurchase of ab holding units | -1,000,000 | ||||||||||||||||||||||||||||||
redemptions of non-controlling interests of consolidated vies | 373,000,000 | ||||||||||||||||||||||||||||||
increase in loans from affiliates | -470,000,000 | ||||||||||||||||||||||||||||||
contribution of 0.5% minority interest in axf | 65,000,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.
