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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 313 $ 312
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense 17 30
Trading portfolio activity 0 (8)
Net investment losses (gains) 11 (57)
Equity method investees 152 14
Net amortization of investments (26) (24)
Depreciation and amortization 13 14
Changes in:    
Receivables, net (5) (700)
Accrued investment income (22) (19)
Deferred acquisition costs (31) (32)
Insurance reserves 489 605
Other, net (266) (53)
Net cash flows provided by operating activities 645 82
Dispositions:    
Fixed maturity securities - sales 803 907
Fixed maturity securities - maturities, calls and redemptions 916 1,084
Equity securities 77 119
Limited partnerships 80 49
Mortgage loans 55 42
Purchases:    
Fixed maturity securities (2,547) (2,203)
Equity securities (75) (81)
Limited partnerships (85) (61)
Mortgage loans (25) (16)
Change in other investments (3) (2)
Change in short term investments 687 573
Purchases of property and equipment (12) (3)
Net cash flows (used) provided by investing activities (129) 408
Cash Flows from Financing Activities    
Dividends paid to common stockholders (657) (310)
Purchase of treasury stock (21) (3)
Other, net (10) (8)
Net cash flows used by financing activities (688) (321)
Effect of foreign exchange rate changes on cash (3) 0
Net change in cash (175) 169
Cash, beginning of year 536 419
Cash, end of period $ 361 $ 588