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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net (loss) earnings $ (88) $ 402
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 134 115
Equity in earnings of unconsolidated affiliates 0 (2)
Loss (gain) on sales of investments and other assets and asset impairments, net 213 (30)
Interest credited/index credits to contractholder account balances 542 (386)
Change in market risk benefits, net 60 70
Deferred policy acquisition costs and deferred sales inducements (251) (169)
Charges assessed to contractholders for mortality and admin (58) (52)
Non-cash lease costs 35 36
Operating lease payments (39) (37)
Distributions from unconsolidated affiliates, return on investment 36 25
Stock-based compensation cost 14 13
Change in NAV of limited partnerships, net (57) (112)
Change in valuation of derivatives, equity and preferred securities, net (216) 499
Changes in assets and liabilities, net of effects from acquisitions:    
Change in insurance recoverable (79) 47
Change in future policy benefits 224 428
Change in funds withheld from reinsurers 1,124 181
Net decrease in trade receivables 45 27
Net (decrease) increase in reserve for title claim losses (19) 30
Net change in income taxes (28) 143
Net change in other assets and other liabilities (174) (561)
Net cash provided by operating activities 1,418 667
Cash flows from investing activities:    
Proceeds from sales, calls and maturities of investment securities 1,091 1,984
Proceeds from sales of property and equipment 0 5
Additions to property and equipment and capitalized software (34) (43)
Purchases of investment securities (4,077) (3,810)
Net proceeds from sales and maturities (purchases) of short-term investment securities 1,249 (1,255)
Additions to notes receivable (4) (4)
Acquisitions and dispositions (273) (20)
Additional investments in unconsolidated affiliates (327) (309)
Distributions from unconsolidated affiliates, return of investment 90 34
Net other investing activities 0 4
Net cash used in investing activities (2,285) (3,414)
Cash flows from financing activities:    
Debt offering 500 0
Debt costs/equity issuance additions (10) 0
F&G Credit Agreement repayments, net (35) 0
Dividends paid (122) (124)
Subsidiary dividends paid to non-controlling interest shareholders (7) (4)
Exercise of stock options 0 2
Additional investment in consolidated subsidiary (20) 0
Net change in secured trust deposits (61) 36
Payment of contingent consideration for prior period acquisitions (2) (1)
Contractholder account deposits 2,115 2,123
Contractholder account withdrawals (950) (723)
Purchases of treasury stock (6) (129)
Net cash provided by financing activities 1,402 1,180
Net increase (decrease) in cash and cash equivalents 535 (1,567)
Cash and cash equivalents at beginning of period 2,286 4,360
Cash and cash equivalents at end of period $ 2,821 $ 2,793