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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net income $ 936 $ 303
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense (benefit) 46 (41)
Trading portfolio activity 13 2
Net investment (gains) losses (117) 120
Equity method investees (106) 12
Net amortization of investments (58) (51)
Depreciation and amortization 41 46
Changes in:    
Receivables, net (1,076) (271)
Accrued investment income (17) (6)
Deferred acquisition costs (15) (36)
Insurance reserves 1,891 1,479
Other, net (184) (149)
Net cash flows provided by operating activities 1,354 1,408
Dispositions:    
Fixed maturity securities - sales 2,510 5,023
Fixed maturity securities - maturities, calls and redemptions 3,360 2,706
Equity securities 237 275
Limited partnerships 178 281
Mortgage loans 90 41
Purchases:    
Fixed maturity securities (7,127) (8,466)
Equity securities (242) (373)
Limited partnerships (281) (144)
Mortgage loans (63) (154)
Change in other investments 3 (4)
Change in short term investments 755 403
Purchases of property and equipment (16) (16)
Other, net (1) 21
Net cash flows used by investing activities (597) (407)
Cash Flows from Financing Activities    
Dividends paid to common stockholders (518) (850)
Proceeds from the issuance of debt 0 495
Repayments of Long-term Debt 0 (419)
Purchase of treasury stock (18) (18)
Other, net (9) (9)
Net cash flows used by financing activities (545) (801)
Effect of foreign exchange rate changes on cash (6) 0
Net change in cash 206 200
Cash, beginning of year 419 242
Cash, end of period $ 625 $ 442