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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Statement of Cash Flows [Abstract]          
Net cash flows provided by (used in) operating activities     $ (445) $ (198)  
Fixed-maturity securities:          
Purchases     (627) (503)  
Sales $ 404 $ 443 490 914  
Maturities and paydowns     373 506  
Short-term investments with maturities of over three months:          
Purchases     (103) (209)  
Sales     4 2  
Maturities and paydowns     60 174  
Net sales (purchases) of short-term investments with original maturities of less than three months     487 (389)  
Net proceeds from paydowns on financial guaranty variable interest entities’ assets     55 50  
Net proceeds from sales of financial guaranty variable interest entities' assets     0 51  
Proceeds from sales and return of capital of other invested assets     5 35  
Other     (11) 0  
Net cash flows provided by (used in) investing activities     733 631  
Financing activities          
Dividends paid     (37) (39)  
Repurchases of common stock     (280) (190)  
Net paydowns of financial guaranty variable interest entities’ liabilities     (52) (95)  
Paydown of long-term debt     (22) (4)  
Other     (12) (15)  
Proceeds from issuance of collateralized loan obligations     362 0  
Contributions from noncontrolling interests to investment vehicles     66 0  
Distributions to noncontrolling interests from investment vehicles     (16) 0  
Net cash flows provided by (used in) financing activities     9 (343)  
Effect of foreign exchange rate changes     (7) 0  
Increase (decrease) in cash and restricted cash     290 90  
Cash and restricted cash at beginning of period     183 104 $ 104
Supplemental cash flow information          
Income taxes paid     0    
Income tax refunds       (3)  
Cash and restricted cash at end of period 473 194 473 194 183
Interest on long-term debt     41 42  
Purchases of fixed-maturity investments     0 (139)  
Cash 293 190 293 190 $ 169
Restricted cash (included in other assets) 5 4 5 4  
Cash of consolidated investment vehicles (see Note 11) $ 175 $ 0 $ 175 $ 0