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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income $ 2,258 $ 1,733
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses 44 161
Amortization of deferred policy acquisition costs 1,691 1,510
Additions to deferred policy acquisition costs (1,848) (1,636)
Depreciation and amortization 272 386
Other operating activities, net 237 166
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable 36 (10)
Net change in accrued and deferred income taxes (179) (73)
Increase in insurance liabilities 2,528 1,278
Increase (Decrease) in Premiums Receivable (594) (630)
Net change in other assets and other liabilities (410) (292)
Net cash provided by operating activities 4,035 2,593
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 7,985 4,908
Fixed maturities, at fair value using the fair value option 50 1
Equity securities, at fair value 308 1,893
Mortgage loans 444 858
Limited partnership and other alternative investments 136 230
Payments for the purchase of:    
Fixed maturities, AFS (9,962) (6,920)
Payments for the purchase of Fair Value Option Fixed Maturity Securties 0 0
Equity securities, at fair value (11) (951)
Mortgage loans (758) (883)
Limited partnership and other alternative investments (475) (747)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (48) 133
Net additions of property and equipment (171) (151)
Net proceeds from short-term investments 20 640
Other investing activities, net (26) (11)
Net cash used for investing activities (2,412) (1,266)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 86 75
Withdrawals and other deductions from investment and universal life-type contracts (96) (78)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans 16 (25)
Treasury stock acquired (1,100) (1,050)
Dividends paid on preferred stock (16) (16)
Dividends paid on common stock (419) (399)
Net cash used for financing activities (1,529) (1,493)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (2) 3
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 92 (163)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 189 344
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 281 181
Supplemental Disclosure of Cash Flow Information    
Income tax paid 663 482
Interest paid $ 168 $ 155