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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net earnings $ 1,391 $ 518 $ 1,306
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 739 593 491
Equity in earnings of unconsolidated affiliates (16) (17) (15)
(Gain) loss on sales of investments and other assets and asset impairments, net (339) 542 533
Interest credited/index credits to contractholder account balances 1,327 1,409 (560)
Change in market risk benefits, net (25) 95 (182)
Deferred policy acquisition costs and deferred sales inducements (1,419) (1,084) (814)
Charges assessed to contractholders for mortality and administration (291) (255) (221)
Non-cash lease costs 132 136 142
Operating lease payments (147) (153) (154)
Distributions from unconsolidated affiliates, return on investment 127 122 151
Stock-based compensation cost 82 60 49
Change in NAV of limited partnerships, net (350) (220) (109)
Change in valuation of derivatives, equity and preferred securities, net 189 (388) 947
Change in derivative collateral liability, net 91 410 (398)
Changes in assets and liabilities, net of effects from acquisitions:      
Change in reinsurance recoverable (13) 78 276
Change in future policy benefits 1,853 1,325 1,071
Change in funds withheld from reinsurers 3,795 3,386 2,056
Net (increase) decrease in trade receivables (43) 37 178
Net decrease in reserve for title claim losses (57) (40) (73)
Net change in income taxes 83 (50) 66
Net change in other assets and other liabilities (294) (26) (385)
Net cash provided by (used in) operating activities 6,815 6,478 4,355
Cash Flows From Investing Activities:      
Proceeds from calls and maturities of investment securities 12,274 5,875 6,340
Fundings of notes receivable (21) (19) (99)
Additions to property and equipment and capitalized software (146) (132) (138)
Purchases of investment securities (17,825) (13,985) (13,148)
Net (purchases of) proceeds from sales and maturities of short-term investment securities (1,076) 340 (2,571)
Other acquisitions/disposals of businesses, net of cash acquired/disposed (586) (299) (180)
Additional investments in unconsolidated affiliates (1,131) (1,296) (1,077)
Distributions from unconsolidated affiliates, return of investment 621 423 335
Net other investing activities 28 3 14
Net cash used in investing activities (7,862) (9,090) (10,524)
Cash Flows From Financing Activities:      
Borrowings 18 6 550
Debt offering 1,050 845 0
F&G Credit Agreement repayments, net (365) (185) 0
Debt costs/equity issuance additions (20) (16) (4)
Debt service payments (250) 0 (400)
Dividends paid (532) (500) (489)
Subsidiary dividends paid to non-controlling interest shareholders (49) (32) (20)
Exercise of stock options 21 15 39
Net change in secured trust deposits (179) (132) (72)
Purchase of additional share in consolidated subsidiaries (21) (19) (15)
Payment of contingent consideration for prior period acquisitions (17) (10) (6)
Payment for shares withheld for taxes and in treasury (34) (17) (15)
Contractholder account deposits 10,147 7,787 8,530
Contractholder account withdrawals (8,010) (4,625) (3,450)
F&G repurchases of F&G stock 0 (18) 0
Purchases of treasury stock 0 (6) (553)
Net cash provided by financing activities 1,759 3,093 4,095
Net increase (decrease) in cash and cash equivalents 712 481 (2,074)
Cash and cash equivalents at beginning of period 2,767 2,286 4,360
Cash and cash equivalents at end of period $ 3,479 $ 2,767 $ 2,286