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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings $ 399 $ 609
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 182 183
Equity in earnings of unconsolidated affiliates (2) (13)
Gain on sales of investments and other assets and asset impairments, net (30) (71)
Change in NAV of limited partnerships, net (112) 0
Interest credited/index credits to contractholder account balances (380) (62)
Deferred policy acquisition costs and deferred sales inducements (169) (134)
Charges assessed to contractholders for mortality and admin (49) (41)
Non-cash lease costs 35 34
Operating lease payments (37) (38)
Distributions from unconsolidated affiliates, return on investment 25 7
Stock-based compensation cost 13 11
Change in valuation of derivatives, equity and preferred securities, net 499 (18)
Changes in assets and liabilities, net of effects from acquisitions:    
Change in insurance recoverable (12) (38)
Change in future policy benefits 485 (51)
Change in funds withheld from reinsurers 181 217
Net decrease in trade receivables 27 14
Net increase in reserve for title claim losses 30 60
Net change in income taxes 142 144
Net change in other assets and other liabilities (560) (148)
Net cash provided by operating activities 667 665
Cash flows from investing activities:    
Proceeds from sales, calls and maturities of investment securities 1,984 1,586
Proceeds from sales of property and equipment 5 0
Additions to property and equipment and capitalized software (43) (22)
Purchases of investment securities (3,810) (3,283)
Net (purchases of) proceeds from sales and maturities of short-term investment securities (1,255) 645
Additions to notes receivable (4) 0
Collections of notes receivable 3 0
Acquisitions and dispositions (20) (5)
Additional investments in unconsolidated affiliates (309) (1)
Distributions from unconsolidated affiliates, return of investment 34 24
Net other investing activities 1 (4)
Net cash used in investing activities (3,414) (1,060)
Cash flows from financing activities:    
Dividends paid (124) (104)
Subsidiary dividends paid to non-controlling interest shareholders (4) (5)
Exercise of stock options 2 21
Net change in secured trust deposits 36 23
Payment of contingent consideration for prior period acquisitions (1) (2)
Contractholder account deposits 2,123 1,522
Contractholder account withdrawals (723) (641)
Purchases of treasury stock (129) (112)
Net cash provided by financing activities 1,180 702
Net (decrease) increase in cash and cash equivalents (1,567) 307
Cash and cash equivalents at beginning of period 4,360 2,719
Cash and cash equivalents at end of period $ 2,793 $ 3,026