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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 101 $ 948
Adjustments to reconcile net income to net cash provided by operating activities:    
Decrease (increase) in premiums receivable (405) (737)
Decrease (increase) in funds held by reinsureds, net (35) (93)
Decrease (increase) in reinsurance recoverables (662) (231)
Decrease (increase) in income taxes (249) 57
Decrease (increase) in prepaid reinsurance premiums (194) (147)
Increase (decrease) in reserve for losses and loss adjustment expenses 3,117 2,560
Increase (decrease) in future policy benefit reserve (2) (1)
Increase (decrease) in unearned premiums 435 928
Increase (decrease) in other net payable to reinsurers 242 199
Increase (decrease) in losses in course of payment (150) 24
Change in equity adjustments in limited partnerships (126) (543)
Distribution of limited partnership income 139 106
Change in other assets and liabilities, net (134) (230)
Non-cash compensation expense 35 33
Amortization of bond premium (accrual of bond discount) 49 57
Net (gains) losses on investments 519 (139)
Net cash provided by (used in) operating activities 2,680 2,791
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from fixed maturities matured/called/repaid - available for sale 2,171 2,757
Proceeds from fixed maturities matured/called/repaid - held to maturity 18
Proceeds from fixed maturities sold - available for sale 1,177 883
Proceeds from equity securities sold, at fair value 1,030 579
Distributions from other invested assets 244 217
Cost of fixed maturities acquired - available for sale (5,958) (5,671)
Cost of fixed maturities acquired - held to maturity (133)
Cost of equity securities acquired, at fair value (960) (508)
Cost of other invested assets acquired (455) (604)
Net change in short-term investments 568 423
Net change in unsettled securities transactions 102 (177)
Net cash provided by (used in) investing activities (2,196) (2,102)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Common shares issued (redeemed) during the period for share-based compensation, net of expense (16) (12)
Purchase of treasury shares (60) (200)
Dividends paid to shareholders (191) (186)
Cost of debt repurchase (6)
Cost of shares withheld on settlements of share-based compensation awards (19) (15)
Net cash provided by (used in) financing activities (292) (413)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 46 (9)
Net increase (decrease) in cash 238 267
Cash, beginning of period 1,441 802
Cash, end of period 1,679 1,068
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid (recovered) 167 40
Interest paid 51 33
NON-CASH TRANSACTIONS:    
Reclassification of specific investments from fixed maturity securities, available for sale at fair value to fixed maturity securities, held to maturity at amortized cost net of credit allowances $ 722