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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net earnings $ 1,152 $ 2,442 $ 1,452
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 496 645 296
Equity in earnings of unconsolidated affiliates (15) (64) (15)
Loss (gain) on sales of investments and other assets and asset impairments, net 533 (588) 80
Loss on sale of businesses 0 14 9
Interest credited/index credits to contractholder account balances (542) 805 750
Deferred policy acquisition costs and deferred sales inducements (814) (675) (266)
Charges assessed to contractholders for mortality and administration (212) (180) (100)
Non-cash lease costs 142 139 150
Operating lease payments (154) (150) (152)
Distributions from unconsolidated affiliates, return on investment 151 106 0
Stock-based compensation cost 49 43 39
Change in NAV of limited partnerships, net (109) (589) 0
Change in valuation of derivatives, equity and preferred securities, net 947 253 (568)
Changes in assets and liabilities, net of effects from acquisitions:      
Change in reinsurance recoverable 149 4 40
Change in future policy benefits 1,191 634 (92)
Change in funds withheld from reinsurers 2,056 850 (15)
Net decrease (increase) in trade receivables 178 (120) (83)
Net (decrease) increase in reserve for title claim losses (73) 260 114
Net change in income taxes 25 (18) 24
Net change in other assets and other liabilities (795) 279 (85)
Net cash provided by (used in) operating activities 4,355 4,090 1,578
Cash Flows From Investing Activities:      
Proceeds from calls and maturities of investment securities 6,340 9,796 3,592
Fundings of notes receivable (99) 0 0
Additions to property and equipment and capitalized software (138) (131) (110)
Purchases of investment securities (13,148) (16,014) (4,959)
Net (purchases of) proceeds from sales and maturities of short-term investment securities (2,571) 266 145
F&G acquisition 0 0 (1,076)
Other acquisitions/disposals of businesses, net of cash acquired/disposed (180) (100) 158
Additional investments in unconsolidated affiliates (1,077) (1,746) (327)
Distributions from unconsolidated affiliates, return of investment 335 491 241
Net other investing activities 14 (11) 5
Net cash used in investing activities (10,524) (7,449) (2,331)
Cash Flows From Financing Activities:      
Borrowings 550 0 1,000
Debt offering 0 449 1,246
Debt costs/equity issuance additions 0 (6) (22)
Debt service payments (404) 0 (1,000)
Dividends paid (489) (446) (389)
Subsidiary dividends paid to non-controlling interest shareholders (20) (19) (14)
Exercise of stock options 39 48 62
Net change in secured trust deposits (72) 224 (80)
Purchase of additional share in consolidated subsidiaries (15) 0 (90)
Payment of contingent consideration for prior period acquisitions (7) (5) (13)
Payment for shares withheld for taxes and in treasury (15) (17) (8)
Contractholder account deposits 8,531 8,166 2,967
Contractholder account withdrawals (3,450) (2,931) (1,327)
Purchases of treasury stock (553) (463) (236)
Net cash provided by financing activities 4,095 5,000 2,096
Net (decrease) increase in cash and cash equivalents (2,074) 1,641 1,343
Cash and cash equivalents at beginning of period 4,360 2,719 1,376
Cash and cash equivalents at end of period $ 2,286 $ 4,360 $ 2,719