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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 1,166 $ 261
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 288 89
Equity in earnings of unconsolidated affiliates (27) (2)
(Gain) loss on sales of investments and other assets and asset impairments, net (259) 58
Interest credited/index credits to contractholder account balances 476 123
Loss on the sale of businesses 14 0
Deferred policy acquisition costs and deferred sales inducements (303) (30)
Charges assessed to contractholders for mortality and admin (88) (13)
Non-cash lease costs 70 77
Operating lease payments (76) (77)
Distributions from unconsolidated affiliates, return on investment 16 0
Stock-based compensation cost 21 19
Change in valuation of derivatives, equity and preferred securities, net (17) 100
Changes in assets and liabilities, net of effects from acquisitions:    
Change in collateral returned (posted) 0 7
Change in insurance recoverable 72 55
Change in future policy benefits (112) (10)
Change in funds withheld from reinsurers 461 1
Net decrease in trade receivables (58) 9
Net increase in reserve for title claim losses 54 20
Net change in income taxes (86) 48
Net change in other assets and other liabilities (96) (182)
Net cash provided by operating activities 1,516 553
Cash flows from investing activities:    
Proceeds from sales, calls and maturities of investment securities 3,334 671
Proceeds from sales of property and equipment and title plants 3 9
Additions to property and equipment and capitalized software (54) (48)
Purchases of investment securities (6,226) (686)
Net proceeds from (purchases of) sales and maturities of short-term investment securities 334 704
Additions to notes receivable (11) (2)
Collections of notes receivable 3 5
Acquisitions and dispositions (52) (976)
Additional investments in unconsolidated affiliates (587) (55)
Distributions from unconsolidated affiliates, return of investment 44 25
Proceeds from sales of unconsolidated affiliates 94 0
Net cash used in investing activities (3,118) (353)
Cash flows from financing activities:    
Draw on revolving credit facility 0 1,000
Debt offering 0 648
Debt costs/equity issuance additions 0 (12)
Debt service payments 0 (640)
Dividends paid (206) (186)
Subsidiary dividends paid to non-controlling interest shareholders (9) (5)
Exercise of stock options 30 37
Net change in secured trust deposits 219 (57)
Additional investment in consolidated subsidiaries 1 0
Payment of contingent consideration for prior period acquisitions (2) (8)
Contractholder account deposits 4,190 297
Contractholder account withdrawals (1,575) (193)
Purchases of treasury stock (294) (104)
Net cash provided by (used in) financing activities 2,354 777
Net increase (decrease) in cash and cash equivalents 752 977
Cash and cash equivalents at beginning of period 2,719 1,376
Cash and cash equivalents at end of period $ 3,471 $ 2,353