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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:      
Net earnings $ 518 $ 1,306 $ 2,817
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 593 491 432
Equity in earnings of unconsolidated affiliates (17) (15) (64)
Loss (gain) on sales of investments and other assets and asset impairments, net 542 533 (588)
Loss on sale of businesses 0 0 14
Interest credited/index credits to contractholder account balances 1,409 (560) 573
Change in market risk benefits, net 95 (182) (44)
Deferred policy acquisition costs and deferred sales inducements (1,084) (814) (675)
Charges assessed to contractholders for mortality and administration (255) (221) (191)
Non-cash lease costs 136 142 139
Operating lease payments (153) (154) (150)
Distributions from unconsolidated affiliates, return on investment 122 151 106
Stock-based compensation cost 60 49 42
Change in NAV of limited partnerships, net (220) (109) (589)
Change in valuation of derivatives, equity and preferred securities, net (388) 947 253
Changes in assets and liabilities, net of effects from acquisitions:      
Change in reinsurance recoverable 78 276 59
Change in future policy benefits 1,325 1,071 627
Change in funds withheld from reinsurers 3,386 2,056 850
Net decrease (increase) in trade receivables 37 178 (120)
Net (decrease) increase in reserve for title claim losses (40) (73) 260
Net change in income taxes (50) 66 140
Net change in other assets and other liabilities 384 (783) 199
Net cash provided by (used in) operating activities 6,478 4,355 4,090
Cash Flows From Investing Activities:      
Proceeds from calls and maturities of investment securities 5,875 6,340 9,796
Fundings of notes receivable (19) (99) (19)
Additions to property and equipment and capitalized software (132) (138) (131)
Purchases of investment securities (13,985) (13,148) (16,014)
Net proceeds (purchases of) from sales and maturities of short-term investment securities 340 (2,571) 266
Other acquisitions/disposals of businesses, net of cash acquired/disposed (299) (180) (100)
Additional investments in unconsolidated affiliates (1,296) (1,077) (1,746)
Distributions from unconsolidated affiliates, return of investment 423 335 491
Net other investing activities 3 14 8
Net cash used in investing activities (9,090) (10,524) (7,449)
Cash Flows From Financing Activities:      
Borrowings 6 550 0
Debt offering 845 0 449
F&G Credit Agreement repayments, net (185) 0 0
Debt costs/equity issuance additions (16) (4) (6)
Debt service payments 0 (400) 0
Dividends paid (500) (489) (446)
Subsidiary dividends paid to non-controlling interest shareholders (32) (20) (19)
Exercise of stock options 15 39 48
Net change in secured trust deposits (132) (72) 224
Purchase of additional share in consolidated subsidiaries (19) (15) 0
Payment of contingent consideration for prior period acquisitions (10) (6) (5)
Payment for shares withheld for taxes and in treasury (17) (15) (17)
Contractholder account deposits 7,787 8,530 8,166
Contractholder account withdrawals (4,625) (3,450) (2,931)
F&G repurchases of F&G stock (18) 0 0
Purchases of treasury stock (6) (553) (463)
Net cash provided by financing activities 3,093 4,095 5,000
Net increase (decrease) in cash and cash equivalents 481 (2,074) 1,641
Cash and cash equivalents at beginning of period 2,286 4,360 2,719
Cash and cash equivalents at end of period $ 2,767 $ 2,286 $ 4,360