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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 1,625 $ 1,491
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses 59 31
Amortization of deferred policy acquisition costs 1,232 1,106
Additions to deferred policy acquisition costs (1,355) (1,238)
Depreciation and amortization 186 187
Other operating activities, net 169 198
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable 32 37
Net change in accrued and deferred income taxes (181) (155)
Increase in insurance liabilities 1,784 1,907
Increase (Decrease) in Premiums Receivable (752) (761)
Net change in other assets and other liabilities (523) (446)
Net cash provided by operating activities 2,276 2,357
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 4,755 5,151
Fixed maturities, at fair value using the fair value option 109 50
Equity securities, at fair value 125 304
Mortgage loans 733 411
Limited partnership and other alternative investments 115 101
Payments for the purchase of:    
Fixed maturities, AFS (6,090) (6,498)
Payments for the purchase of Fair Value Option Fixed Maturity Securties (8) 0
Equity securities, at fair value (16) (9)
Mortgage loans (793) (669)
Limited partnership and other alternative investments (445) (314)
Payments for (Proceeds from) Derivative Instrument, Investing Activities 22 (2)
Net additions of property and equipment (78) (111)
Net proceeds from short-term investments 524 258
Other investing activities, net (53) 1
Net cash used for investing activities (1,144) (1,323)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 63 64
Withdrawals and other deductions from investment and universal life-type contracts (57) (73)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (33) (9)
Treasury stock acquired, including related excise tax paid (815) (700)
Dividends paid on preferred stock (10) (10)
Dividends paid on common stock (299) (281)
Net cash used for financing activities (1,151) (1,009)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 4 (4)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (15) 21
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 234 189
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 219 210
Supplemental Disclosure of Cash Flow Information    
Income tax paid 524 457
Interest paid $ 103 $ 106