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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:      
Net earnings $ 1,879 $ 1,188  
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities      
Change in receivables and advance premiums 32 (34)  
Capitalization of deferred policy acquisition costs (254) (270)  
Amortization of deferred policy acquisition costs 215 205 $ 816
Increase in policy liabilities (41) 9  
Change in income tax liabilities 291 154  
Net investment (gains) losses (951) (123)  
Other, net (322) (239)  
Net cash provided (used) by operating activities 849 890  
Proceeds from investments sold or matured:      
Available-for-sale fixed maturity securities 2,286 949  
Equity securities 267 126  
Commercial mortgage and other loans 379 418  
Costs of investments acquired:      
Available-for-sale fixed maturity securities (2,127) (1,090)  
Equity securities (73) (134)  
Commercial mortgage and other loans (251) (315)  
Other investments, net (2,119) (1,256)  
Settlement of derivatives, net (256) (480)  
Cash received (pledged or returned) as collateral, net 1,973 1,756  
Other, net 148 (51)  
Net cash provided (used) by investing activities 227 (77)  
Cash flows from financing activities:      
Purchases of treasury stock (750) (700)  
Proceeds from borrowings 823 0  
Dividends paid to shareholders (278) (248)  
Change in investment-type contracts, net (50) (28)  
Treasury stock reissued 6 2  
Other, net (7) 41  
Net cash provided (used) by financing activities (256) (933)  
Effect of exchange rate changes on cash and cash equivalents (28) (14)  
Net change in cash and cash equivalents 792 (134)  
Cash and cash equivalents, beginning of period 4,306 3,943 3,943
Cash and cash equivalents, end of period 5,098 3,809 $ 4,306
Supplemental disclosures of cash flow information:      
Income taxes paid 0 0  
Interest paid 34 37  
Noncash interest 13 11  
Noncash real estate acquired in satisfaction of debt 35 0  
Noncash financing activities:      
Lease obligations 5 18  
Associate stock bonus      
Treasury stock issued for:      
Treasury stock issued 4 4  
Shareholder dividend reinvestment      
Treasury stock issued for:      
Treasury stock issued 10 9  
Share-based compensation grants      
Treasury stock issued for:      
Treasury stock issued $ 6 $ 5