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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 1,082 $ 887
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses 71 483
Amortization of deferred policy acquisition costs 993 887
Additions to deferred policy acquisition costs (1,091) (978)
Depreciation and amortization 258 338
Gain (Loss) on Extinguishment of Debt 0 9
Other operating activities, net 147 29
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable 42 (203)
Net change in accrued and deferred income taxes (249) (127)
Increase in insurance liabilities 731 1,006
Increase (Decrease) in Premiums Receivable (660) (580)
Net change in other assets and other liabilities (502) (348)
Net cash provided by operating activities 822 1,403
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 3,507 10,047
Fixed maturities, FVO 1 1
Equity securities, at fair value 1,856 350
Mortgage loans 562 700
Limited partnership and other alternative investments 147 140
Payments for the purchase of:    
Fixed maturities, AFS (4,441) (9,644)
Payments for the purchase of Fair Value Option Fixed Maturity Securties 0 (216)
Equity securities, at fair value (916) (472)
Mortgage loans (587) (1,176)
Limited partnership and other alternative investments (545) (541)
Payments for (Proceeds from) Derivative Instrument, Investing Activities 37 (52)
Net additions of property and equipment (99) (77)
Net proceeds from short-term investments 614 1,207
Other investing activities, net (9) 16
Net cash provided by investing activities 53 387
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 48 46
Withdrawals and other deductions from investment and universal life-type contracts (49) (68)
Repayments of Short-Term Debt 0 (600)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (25) (34)
Treasury stock acquired (700) (850)
Dividends paid on preferred stock (10) (10)
Dividends paid on common stock (268) (257)
Net cash used for financing activities (1,004) (1,773)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 7 (6)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (122) 11
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 344 337
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 222 348
Supplemental Disclosure of Cash Flow Information    
Income tax paid 470 279
Interest paid $ 103 $ 116