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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net earnings $ 83 $ 269
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 196 167
Equity in earnings of unconsolidated affiliates (1) (1)
Loss (gain) on sales of investments and other assets and asset impairments, net 24 (25)
Interest credited/index credits to contractholder account balances 125 513
Change in market risk benefits, net 109 (11)
Deferred policy acquisition costs and deferred sales inducements (287) (311)
Charges assessed to contractholders for mortality and admin (79) (66)
Non-cash lease costs 33 33
Operating lease payments (35) (38)
Distributions from unconsolidated affiliates, return on investment 7 19
Stock-based compensation cost 21 16
Change in NAV of limited partnerships, net (63) (49)
Change in valuation of derivatives, equity securities, preferred securities, and other assets, net 259 (254)
Changes in assets and liabilities, net of effects from acquisitions:    
Change in derivative collateral liabilities (135) 151
Change in reinsurance recoverable (13) (22)
Change in future policy benefits 210 505
Change in funds withheld from reinsurers 648 940
Net decrease in trade receivables 34 8
Net decrease in reserve for title claim losses (18) (24)
Net change in income taxes 11 33
Net change in other assets and other liabilities (14) (262)
Net cash provided by operating activities 1,115 1,591
Cash flows from investing activities:    
Proceeds from sales, calls and maturities of investment securities 3,071 1,783
Additions to property and equipment, capitalized software and title plants (37) (35)
Purchases of investment securities (5,128) (3,819)
Net proceeds from sales and maturities of short-term investment securities 1,890 1,473
Acquisitions and dispositions 0 (284)
Additional investments in unconsolidated affiliates (665) (272)
Distributions from unconsolidated affiliates, return of investment 81 36
Net other investing activities 3 22
Net cash used in investing activities (785) (1,096)
Cash flows from financing activities:    
Borrowings 10 7
Debt offering 375 0
Debt service payments (300) 0
Dividends paid (136) (130)
Subsidiary dividends paid to non-controlling interest shareholders (12) (7)
Exercise of stock options 4 1
Net change in secured trust deposits 77 (38)
Payment of contingent consideration for prior period acquisitions (18) (5)
Contractholder account deposits 2,789 1,929
Contractholder account withdrawals (2,194) (1,483)
Purchases of treasury stock (24) 0
F&G common stock offering 117 0
Other financing activities (13) (19)
Net cash provided by financing activities 675 255
Net increase in cash and cash equivalents 1,005 750
Cash and cash equivalents at beginning of period 3,479 2,767
Cash and cash equivalents at end of period $ 4,484 $ 3,517