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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities      
Net Income (Loss) $ (486) $ 2,946 $ 1,216
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and other 127 118 109
Investment gains and losses, net 1,493 (2,353) (851)
Interest credited to contract holders 43 45 43
Deferred income tax expense (355) 477 136
Changes in:      
Premiums and reinsurance receivable (340) (240) (23)
Deferred policy acquisition costs (96) (73) (39)
Other assets 28 (11) (26)
Loss and loss expense reserves 1,095 559 599
Life policy and investment contract reserves 77 99 116
Unearned premiums 418 311 172
Other liabilities 88 128 (5)
Current income tax receivable/payable (40) (25) 44
Net cash provided by operating activities 2,052 1,981 1,491
Cash Flows From Investing Activities      
Sale, call or maturity of fixed maturities 1,113 1,461 1,091
Sale of equity securities 430 136 515
Purchase of fixed maturities (1,901) (2,388) (1,382)
Purchase of equity securities (466) (313) (699)
Payments to acquire (proceeds from sale and collection of) finance receivables 7 (2) (15)
Investment in buildings and equipment (15) (15) (20)
Change in other invested assets, net (101) 64 (50)
Net cash used in investing activities (933) (1,057) (560)
Cash Flows From Financing Activities      
Payment of cash dividends to shareholders (423) (395) (375)
Shares acquired - share repurchase authorization (410) (144) (261)
Changes in note payable (4) 0 15
Proceeds from stock options exercised 10 13 7
Contract holders' funds deposited 70 85 85
Contract holders' funds withdrawn (144) (146) (159)
Other (93) (98) (110)
Net cash used in financing activities (994) (685) (798)
Net change in cash and cash equivalents 125 239 133
Cash and cash equivalents at beginning of year 1,139 900 767
Cash and cash equivalents at end of year 1,264 1,139 900
Supplemental Disclosures of Cash Flow Information      
Interest paid 53 52 53
Income taxes paid 165 257 84
Noncash Activities      
Equipment acquired under finance lease obligations 17 12 19
Share-based compensation 27 26 19
Other assets and other liabilities $ 115 $ 87 $ 57