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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 1,903 $ 646
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 540 189
Equity in earnings of unconsolidated affiliates (54) (9)
(Gain) loss on sales of investments and other assets and asset impairments, net (412) 81
Interest credited/index credits to contractholder account balances 239 344
Loss on the sale of businesses 14 0
Deferred policy acquisition costs and deferred sales inducements (473) (139)
Charges assessed to contractholders for mortality and admin (130) (53)
Non-cash lease costs 104 114
Operating lease payments (113) (115)
Distributions from unconsolidated affiliates, return on investment 29 0
Stock-based compensation cost 31 29
Change in valuation of derivatives, equity and preferred securities, net 290 4
Changes in assets and liabilities, net of effects from acquisitions:    
Change in collateral returned (posted) 0 (1)
Change in insurance recoverable 79 70
Change in future policy benefits 203 (58)
Change in funds withheld from reinsurers 685 (6)
Net increase in trade receivables (81) (27)
Net increase in reserve for title claim losses 111 46
Net change in income taxes (60) 5
Net change in other assets and other liabilities (305) (155)
Net cash provided by operating activities 2,600 965
Cash flows from investing activities:    
Proceeds from sales, calls and maturities of investment securities 6,278 1,930
Proceeds from sales of property and equipment and title plants 3 9
Additions to property and equipment and capitalized software (93) (75)
Purchases of investment securities (10,278) (2,548)
Net proceeds from (purchases of) sales and maturities of short-term investment securities 92 791
Additions to notes receivable (13) 0
Collections of notes receivable 3 0
Acquisitions and dispositions (64) (1,076)
Additional investments in unconsolidated affiliates (992) (148)
Distributions from unconsolidated affiliates, return of investment 89 78
Proceeds from sales of unconsolidated affiliates 112 0
Net other investing activities 0 (1)
Net cash used in investing activities (4,863) (1,040)
Cash flows from financing activities:    
Draw on revolving credit facility 0 1,000
Debt offering 449 1,246
Debt costs/equity issuance additions (6) (18)
Debt service payments 0 (1,000)
Dividends paid (320) (282)
Subsidiary dividends paid to non-controlling interest shareholders (14) (9)
Exercise of stock options 39 47
Net change in secured trust deposits 437 38
Additional investment in consolidated subsidiaries 1 (90)
Payment of contingent consideration for prior period acquisitions (3) (9)
Contractholder account deposits 6,820 1,481
Contractholder account withdrawals (2,350) (730)
Purchases of treasury stock (361) (104)
Net cash provided by financing activities 4,692 1,570
Net increase in cash and cash equivalents 2,429 1,495
Cash and cash equivalents at beginning of period 2,719 1,376
Cash and cash equivalents at end of period $ 5,148 $ 2,871