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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings $ 4,659 $ 4,418 $ 4,231
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums (133) 5 72
Capitalization of deferred policy acquisition costs (1,086) (1,054) (1,063)
Amortization of deferred policy acquisition costs 816 792 835
Increase in policy liabilities (552) 726 774
Change in income tax liabilities (967) (509) 96
Net investment (gains) losses (590) (363) (468)
Other, net 1,043 (136) 574
Net cash provided (used) by operating activities 3,190 3,879 5,051
Proceeds from investments sold or matured:      
Available-for-sale fixed maturity securities 3,811 4,418 4,157
Equity securities 404 570 264
Held-to-maturity fixed maturity securities 3 3 4
Commercial mortgage and other loans 1,641 2,190 4,099
Costs of investments acquired:      
Available for sale fixed maturity securities (2,801) (3,514) (5,813)
Equity securities (357) (461) (492)
Commercial mortgage and other loans (996) (3,897) (5,282)
Other investments, net (417) (227) (1,066)
Settlement of derivatives, net 79 (61) 199
Cash received (pledged or returned) as collateral, net (401) (673) 1,511
Other, net (149) 112 41
Net cash provided (used) by investing activities 817 (1,540) (2,378)
Cash flows from financing activities:      
Purchases of treasury stock (2,801) (2,401) (2,301)
Proceeds from borrowings 204 1,277 1,153
Principal payments under debt obligations 0 (1,416) (700)
Dividends paid to shareholders (966) (979) (855)
Change in investment-type contracts, net (160) (83) (36)
Treasury stock reissued 17 17 26
Other, net (17) 34 (26)
Net cash provided (used) by financing activities (3,723) (3,551) (2,739)
Effect of exchange rate changes on cash and cash equivalents 79 104 (24)
Net change in cash and cash equivalents 363 (1,108) (90)
Cash and cash equivalents, beginning of period 3,943 5,051 5,141
Cash and cash equivalents, end of period 4,306 3,943 5,051
Supplemental disclosures of cash flow information:      
Income taxes paid 1,569 961 880
Interest paid 185 211 213
Noncash interest 10 14 24
Noncash real estate acquired in satisfaction of debt 217 0 0
Noncash financing activities:      
Lease obligations 75 102 46
Associate stock bonus      
Treasury stock issued for:      
Treasury stock issued 17 14 19
Shareholder dividend reinvestment      
Treasury stock issued for:      
Treasury stock issued 37 37 32
Share-based compensation grants      
Treasury stock issued for:      
Treasury stock issued $ 5 $ 6 $ 4