XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income $ 518 $ 680
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax (benefit) expense (10) 27
Trading portfolio activity 7 19
Net investment losses (gains) 70 (95)
Equity method investees 184 (79)
Net amortization of investments (56) (41)
Depreciation and amortization 25 27
Changes in:    
Receivables, net (614) (1,087)
Accrued investment income (6) (3)
Deferred acquisition costs (63) (12)
Insurance reserves 1,376 1,373
Other, net (178) (124)
Net cash flows provided by operating activities 1,253 685
Dispositions:    
Fixed maturity securities - sales 3,293 1,846
Fixed maturity securities - maturities, calls and redemptions 1,715 2,104
Equity securities 193 193
Limited partnerships 101 124
Mortgage loans 76 69
Purchases:    
Fixed maturity securities (6,251) (4,615)
Equity securities (195) (181)
Limited partnerships (168) (169)
Mortgage loans (53) (16)
Change in other investments 15 6
Change in short term investments 868 442
Purchases of property and equipment (25) (5)
Net cash flows used by investing activities (431) (202)
Cash Flows from Financing Activities    
Dividends paid to common stockholders (765) (414)
Purchase of treasury stock (21) (18)
Other, net 0 (9)
Net cash flows used by financing activities (786) (441)
Effect of foreign exchange rate changes on cash (12) 1
Net change in cash 24 43
Cash, beginning of year 536 419
Cash, end of period $ 560 $ 462