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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 627 $ 617 $ 415
Change in operating assets and liabilities:      
Accrued investment income (111) (15) (11)
Premiums receivable and other reinsurance balances (233) (100) 162
Deferred policy acquisition costs (156) (71) (95)
Reinsurance ceded receivable balances 91 (107) (115)
Future policy benefits, other policy claims and benefits and other reinsurance balances 1,129 5,062 2,819
Deferred income taxes 75 (89) (16)
Other assets and other liabilities, net (2) (97) 225
Amortization of net investment premiums, discounts and other (71) (54) (46)
(Income) loss from limited partnerships and real estate joint ventures (331) (419) (50)
Investment related (gains) losses, net 506 (560) 33
Depreciation and amortization expense 38 43 49
Gain on sale of businesses (2) (11) 0
Other, net (217) (17) (48)
Net cash provided by operating activities 1,343 4,182 3,322
Cash flows from investing activities      
Sales of fixed maturity securities available-for-sale 10,558 12,142 6,514
Principal payments on mortgage loans 906 887 973
Proceeds from Sale of Available-for-sale Securities, Equity 7 30 181
Proceeds from Sale and Collection of Mortgage Notes Receivable 963 991 661
Payments to Acquire Available-for-sale Securities (16,531) (18,071) (9,619)
Payments to Acquire Available-for-sale Securities, Equity (15) (22) (22)
Purchases of fixed maturity securities available-for-sale (1,314) (1,155) (780)
Payments to Fund Policy Loans 2 25 61
Cash invested in funds withheld at interest (36) (67) (131)
Proceeds from Real Estate and Real Estate Joint Ventures 710 498 142
Payments to Acquire Real Estate and Real Estate Joint Ventures (700) (648) (315)
Purchase of businesses, net of cash acquired of $53 0 (156) 0
Proceeds from Divestiture of Businesses, Net of Cash Divested 7 19 0
Payments to Acquire Property, Plant, and Equipment (25) (19) (28)
Change in short-term investments (80) 371 (155)
Change in other invested assets (140) 547 (162)
Net cash used in investing activities (5,688) (4,628) (2,680)
Cash flows from financing activities      
Dividends to stockholders (205) (194) (182)
Proceeds from Issuance of Common Stock 0 0 481
Repayment of collateral finance and securitization notes (181) (208) (214)
Proceeds from long-term debt issuance 700 500 598
Debt issuance costs (10) (6) (5)
Principal payments of long-term debt (403) (403) (3)
Purchases of treasury stock (81) (99) (163)
Exercise of stock options, net 0 0 1
Change in cash collateral for derivative positions and other arrangements 230 31 (32)
Decrease In Reinsurance Deposits Financing Activities (44) 91 0
Deposits on investment-type policies and contracts 5,705 1,729 1,576
Withdrawals on investment-type policies and contracts (1,365) (1,421) (803)
Proceeds from Noncontrolling Interests 90 0 0
Net cash provided by (used in) financing activities 4,436 20 1,254
Effect of exchange rate changes on cash (112) (34) 63
Change in cash and cash equivalents (21) (460) 1,959
Cash and cash equivalents, beginning of period 2,948 3,408  
Cash and cash equivalents, end of period 2,927 2,948 3,408
Change in cash and cash equivalents 2,927 2,948 3,408
Supplemental disclosures of cash flow information:      
Interest paid 163 160 166
Income taxes paid, net of refunds 129 368 108
Non-cash investing activities:      
Transfer of invested assets 618 1,798 93
Right-of-use assets acquired through operating leases 0 0 23
Non-cash deposits on reinsurance 0 1,581 0
Assets acquired, excluding cash acquired 0 847 0
Liabilities assumed 0 (691) 0
Assets disposed, net of cash transferred (6) (512) 0
Liabilities disposed $ 1 $ 504 $ 0