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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income $ 1,733 $ 1,227
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses 161 649
Amortization of deferred policy acquisition costs 1,510 1,351
Additions to deferred policy acquisition costs (1,636) (1,477)
Depreciation and amortization 386 494
Gain (Loss) on Extinguishment of Debt 0 9
Other operating activities, net 166 85
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable (10) (129)
Net change in accrued and deferred income taxes (73) (184)
Increase in insurance liabilities 1,278 1,655
Increase (Decrease) in Premiums Receivable (630) (587)
Net change in other assets and other liabilities (292) (169)
Net cash provided by operating activities 2,593 2,924
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 4,908 12,418
Fixed maturities, FVO 1 1
Equity securities, at fair value 1,893 435
Mortgage loans 858 864
Limited partnership and other alternative investments 230 190
Payments for the purchase of:    
Fixed maturities, AFS (6,920) (12,480)
Payments for the purchase of Fair Value Option Fixed Maturity Securties 0 (216)
Equity securities, at fair value (951) (580)
Mortgage loans (883) (1,419)
Limited partnership and other alternative investments (747) (875)
Payments for (Proceeds from) Derivative Instrument, Investing Activities 133 (94)
Net additions of property and equipment (151) (122)
Net proceeds from short-term investments 640 970
Other investing activities, net (11) 15
Net cash used for investing activities (1,266) (705)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 75 67
Withdrawals and other deductions from investment and universal life-type contracts (78) (87)
Repayments of Short-Term Debt 0 (600)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (25) (34)
Treasury stock acquired (1,050) (1,200)
Dividends paid on preferred stock (16) (16)
Dividends paid on common stock (399) (383)
Net cash used for financing activities (1,493) (2,253)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 3 (18)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (163) (52)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 344 337
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 181 285
Supplemental Disclosure of Cash Flow Information    
Income tax paid 482 454
Interest paid $ 155 $ 172