XML 54 R6.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 1,491 $ 1,082
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses 31 71
Amortization of deferred policy acquisition costs 1,106 993
Additions to deferred policy acquisition costs (1,238) (1,091)
Depreciation and amortization 187 258
Other operating activities, net 198 147
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable 37 42
Net change in accrued and deferred income taxes (155) (249)
Increase in insurance liabilities 1,907 731
Increase (Decrease) in Premiums Receivable (761) (660)
Net change in other assets and other liabilities (446) (502)
Net cash provided by operating activities 2,357 822
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 5,151 3,507
Fixed maturities, at fair value using the fair value option 50 1
Equity securities, at fair value 304 1,856
Mortgage loans 411 562
Limited partnership and other alternative investments 101 147
Payments for the purchase of:    
Fixed maturities, AFS (6,498) (4,441)
Payments for the purchase of Fair Value Option Fixed Maturity Securties 0 0
Equity securities, at fair value (9) (916)
Mortgage loans (669) (587)
Limited partnership and other alternative investments (314) (545)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (2) 37
Net additions of property and equipment (111) (99)
Net proceeds from short-term investments 258 614
Other investing activities, net 1 (9)
Net cash provided by (used for) investing activities (1,323) 53
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 64 48
Withdrawals and other deductions from investment and universal life-type contracts (73) (49)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (9) (25)
Treasury stock acquired (700) (700)
Dividends paid on preferred stock (10) (10)
Dividends paid on common stock (281) (268)
Net cash used for financing activities (1,009) (1,004)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (4) 7
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 21 (122)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 189 344
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 210 222
Supplemental Disclosure of Cash Flow Information    
Income tax paid 457 470
Interest paid $ 106 $ 103