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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income $ 535 $ 443
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses 7 145
Amortization of deferred policy acquisition costs 491 437
Additions to deferred policy acquisition costs (548) (495)
Depreciation and amortization 129 171
Other operating activities, net 122 31
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable 29 (104)
Net change in accrued and deferred income taxes 90 41
Increase in insurance liabilities 761 450
Increase (Decrease) in Premiums Receivable (334) (358)
Net change in other assets and other liabilities (411) (332)
Net cash provided by operating activities 871 429
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 2,228 6,578
Fixed maturities, FVO 0 0
Equity securities, at fair value 1,422 257
Mortgage loans 204 438
Limited partnership and other alternative investments 96 73
Payments for the purchase of:    
Fixed maturities, AFS (2,767) (5,514)
Payments for the purchase of Fair Value Option Fixed Maturity Securties 0 (126)
Equity securities, at fair value (891) (297)
Mortgage loans (252) (756)
Limited partnership and other alternative investments (273) (317)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (23) (26)
Net additions of property and equipment (49) (31)
Net payments for short-term investments (180) (207)
Other investing activities, net (7) 2
Net cash provided by (used for) investing activities (446) 126
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 18 25
Withdrawals and other deductions from investment and universal life-type contracts (42) (33)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (32) (43)
Treasury stock acquired (350) (400)
Dividends paid on preferred stock (5) (5)
Dividends paid on common stock (134) (130)
Net cash used for financing activities (545) (586)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (6) 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (126) (31)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 344 337
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 218 306
Supplemental Disclosure of Cash Flow Information    
Income tax paid (received) 0 1
Interest paid $ 61 $ 67