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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 630 $ 753
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses (gains) 49 (28)
Amortization of deferred policy acquisition costs 607 545
Additions to deferred policy acquisition costs (655) (601)
Depreciation and amortization 92 127
Other operating activities, net 115 119
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable (50) 11
Net change in accrued and deferred income taxes 104 102
Increase in insurance liabilities 1,115 870
Increase (Decrease) in Premiums Receivable (414) (396)
Net change in other assets and other liabilities (608) (405)
Net cash provided by operating activities 985 1,097
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 2,126 1,548
Fixed maturities, at fair value using the fair value option 25 0
Equity securities, at fair value 35 176
Mortgage loans 237 165
Limited partnership and other alternative investments 56 32
Payments for the purchase of:    
Fixed maturities, AFS (3,171) (2,752)
Payments for the purchase of Fair Value Option Fixed Maturity Securties (4) 0
Equity securities, at fair value (12) (5)
Mortgage loans (197) (268)
Limited partnership and other alternative investments (177) (156)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (12) 0
Net additions of property and equipment (38) (50)
Net proceeds from short-term investments 731 875
Other investing activities, net (24) 0
Net cash used for investing activities (401) (435)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 27 37
Withdrawals and other deductions from investment and universal life-type contracts (26) (43)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (54) (27)
Treasury stock acquired (400) (350)
Dividends paid on preferred stock (5) (5)
Dividends paid on common stock (150) (141)
Net cash used for financing activities (608) (529)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 6 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (18) 133
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 234 189
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 216 322
Supplemental Disclosure of Cash Flow Information    
Income tax paid 4 2
Interest paid $ 61 $ 52