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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net cash provided by operating activities $ 1,266 $ 1,274
Proceeds from the sale, maturity, disposal or redemption of:    
Fixed maturities 4,021 5,578
Equity securities 36 31
Mortgage loans on real estate 578 447
Limited partnerships/corporations 210 124
Acquisition of:    
Fixed maturities (3,306) (3,655)
Equity securities (59) (25)
Mortgage loans on real estate (242) (376)
Limited partnerships/corporations (290) (131)
Short-term investments, net 111 60
Derivatives, net 116 54
Sales from CIEs 1,168 652
Purchases within CIEs (1,925) (780)
Collateral received (delivered), net (2) 166
Receipts on deposit asset contracts 176 208
Payments for business acquisitions, net of cash acquired 0 (584)
Other, net (88) (70)
Net cash provided by (used in) investing activities 504 1,699
Cash Flows from Financing Activities:    
Deposits received for investment contracts 2,231 1,718
Maturities and withdrawals from investment contracts (4,301) (4,460)
Proceeds from issuance of long-term debt, net 397 388
Repayments of long-term debt, including current maturities 0 (539)
Borrowings of CIEs 763 232
Repayments of borrowings of CIEs (693) (388)
Contributions from (distributions to) participants in CIEs, net 1,026 385
Proceeds from issuance of common stock, net 6 0
Common stock acquired - Share repurchase (520) (212)
Dividends paid on preferred stock (37) (32)
Dividends paid on common stock (including dividend equivalent payments of $3 and $2 as of 2024 and 2023, respectively) (128) (85)
Other, net (87) (70)
Net cash provided by (used in) financing activities (1,343) (3,063)
Net increase (decrease) in cash and cash equivalents, including cash in CIEs 427 (90)
Cash and cash equivalents, including cash in CIEs, beginning of period 1,118 1,007
Cash and cash equivalents, including cash in CIEs, end of period 1,545 $ 917
Total cash and cash equivalents, including cash in CIEs 1,545  
Excluding consolidated VIEs    
Cash and cash equivalents 1,457  
VIEs    
Cash and cash equivalents $ 88