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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net income $ 646 $ 936
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax (benefit) expense (18) 46
Trading portfolio activity (5) 13
Net investment losses (gains) 166 (117)
Equity method investees 235 (106)
Net amortization of investments (89) (58)
Depreciation and amortization 38 41
Changes in:    
Receivables, net (390) (1,076)
Accrued investment income (37) (17)
Deferred acquisition costs (66) (15)
Insurance reserves 1,743 1,891
Other, net (233) (184)
Net cash flows provided by operating activities 1,990 1,354
Dispositions:    
Fixed maturity securities - sales 4,885 2,510
Fixed maturity securities - maturities, calls and redemptions 2,095 3,360
Equity securities 230 237
Limited partnerships 124 178
Mortgage loans 101 90
Purchases:    
Fixed maturity securities (8,768) (7,127)
Equity securities (245) (242)
Limited partnerships (265) (281)
Mortgage loans (90) (63)
Change in other investments 9 3
Change in short term investments 903 755
Purchases of property and equipment (41) (16)
Other, net (10) (1)
Net cash flows used by investing activities (1,072) (597)
Cash Flows from Financing Activities    
Dividends paid to common stockholders (874) (518)
Purchase of treasury stock (39) (18)
Other, net (11) (9)
Net cash flows used by financing activities (924) (545)
Effect of foreign exchange rate changes on cash (27) (6)
Net change in cash (33) 206
Cash, beginning of year 536 419
Cash, end of period $ 503 $ 625