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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 612 $ 155
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 356 285
Equity in earnings of unconsolidated affiliates (2) (1)
(Gain) loss on sales of investments and other assets and asset impairments, net (81) 396
Interest credited/index credits to contractholder account balances 736 857
Change in market risk benefits, net 9 29
Deferred policy acquisition costs and deferred sales inducements (682) (518)
Charges assessed to contractholders for mortality and admin (138) (122)
Non-cash lease costs 66 69
Operating lease payments (75) (76)
Distributions from unconsolidated affiliates, return on investment 44 89
Stock-based compensation cost 33 28
Change in NAV of limited partnerships, net (153) (96)
Change in valuation of derivatives, equity and preferred securities, net (121) (385)
Changes in assets and liabilities, net of effects from acquisitions:    
Change in reinsurance recoverable (16) (27)
Change in future policy benefits 818 421
Change in funds withheld from reinsurers 1,577 1,980
Net (increase) decrease in trade receivables (16) 10
Net decrease in reserve for title claim losses (48) (29)
Net change in income taxes 79 7
Net change in other assets and other liabilities (44) 67
Net cash provided by operating activities 2,954 3,139
Cash flows from investing activities:    
Proceeds from sales, calls and maturities of investment securities 4,177 2,228
Additions to property and equipment, capitalized software and title plants (76) (69)
Purchases of investment securities (7,524) (7,170)
Net proceeds from sales and maturities of short-term investment securities 1,269 1,628
Acquisitions and dispositions (340) (293)
Additional investments in unconsolidated affiliates (669) (736)
Distributions from unconsolidated affiliates, return of investment 124 187
Net other investing activities 18 (6)
Net cash used in investing activities (3,021) (4,231)
Cash flows from financing activities:    
Debt offering 550 500
Debt service payments (250) 0
F&G Credit Agreement repayments, net 0 (35)
Dividends paid (261) (243)
Subsidiary dividends paid to non-controlling interest shareholders (17) (15)
Exercise of stock options 10 0
Additional investment in consolidated subsidiary (21) (20)
Net change in secured trust deposits 69 24
Contractholder account deposits 5,896 3,847
Contractholder account withdrawals (3,767) (2,080)
F&G repurchases of F&G stock 0 (16)
Purchases of treasury stock 0 (6)
Net other financing activities (19) (14)
Net cash provided by financing activities 2,190 1,942
Net increase in cash and cash equivalents 2,123 850
Cash and cash equivalents at beginning of period 2,767 2,286
Cash and cash equivalents at end of period $ 4,890 $ 3,136