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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 883 $ 632
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 545 438
Equity in earnings of unconsolidated affiliates (4) (16)
(Gain) loss on sales of investments and other assets and asset impairments, net (132) 481
Interest credited/index credits to contractholder account balances 1,482 607
Change in market risk benefits, net 80 (20)
Deferred policy acquisition costs and deferred sales inducements (1,061) (771)
Charges assessed to contractholders for mortality and admin (209) (184)
Non-cash lease costs 99 102
Operating lease payments (112) (115)
Distributions from unconsolidated affiliates, return on investment 70 142
Stock-based compensation cost 48 43
Change in NAV of limited partnerships, net (261) (160)
Change in valuation of derivatives, equity securities, preferred securities, and other assets, net (372) (112)
Changes in assets and liabilities, net of effects from acquisitions:    
Change in reinsurance recoverable (28) 105
Change in future policy benefits 1,080 706
Change in funds withheld from reinsurers 2,895 2,418
Net (increase) decrease in trade receivables (18) 37
Net decrease in reserve for title claim losses (50) (41)
Net change in income taxes 25 54
Net change in other assets and other liabilities 360 (131)
Net cash provided by operating activities 5,320 4,215
Cash flows from investing activities:    
Proceeds from sales, calls and maturities of investment securities 7,995 4,190
Additions to property and equipment, capitalized software and title plants (116) (101)
Purchases of investment securities (12,642) (10,660)
Net proceeds from sales and maturities of short-term investment securities 983 1,882
Acquisitions and dispositions (570) (299)
Additional investments in unconsolidated affiliates (903) (1,061)
Distributions from unconsolidated affiliates, return of investment 224 302
Net other investing activities 13 (13)
Net cash used in investing activities (5,016) (5,760)
Cash flows from financing activities:    
Debt offering 550 500
Debt service payments (250) (8)
F&G Credit Agreement repayments, net 0 (35)
Dividends paid (391) (366)
Subsidiary dividends paid to non-controlling interest shareholders (34) (24)
Exercise of stock options 17 0
Net change in secured trust deposits 35 (9)
Additional investment in consolidated subsidiaries (21) (20)
Payment of contingent consideration for prior period acquisitions (13) (6)
Contractholder account deposits 8,574 5,718
Contractholder account withdrawals (6,568) (3,258)
F&G repurchases of F&G stock 0 (18)
Purchases of treasury stock 0 (6)
Net cash provided by financing activities 1,899 2,468
Net increase in cash and cash equivalents 2,203 923
Cash and cash equivalents at beginning of period 2,767 2,286
Cash and cash equivalents at end of period $ 4,970 $ 3,209