XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net earnings $ 154 $ 242
Adjustments:    
Depreciation and amortization 22 20
Realized (gains) losses on investing activities (2) (14)
Net purchases of trading securities 7 0
Change in:    
Reinsurance and other receivables 349 (71)
Other assets 24 57
Insurance claims and reserves (83) 162
Payable to reinsurers (163) (108)
Other liabilities (15) (42)
Managed investment entities’ assets/liabilities 42 (124)
Other operating activities, net 7 (15)
Net cash provided by operating activities 342 107
Purchases of:    
Fixed maturities (529) (408)
Equity securities (11) (42)
Mortgage loans (61) (89)
Other investments (65) (27)
Real estate, property and equipment (25) (38)
Proceeds from:    
Maturities and redemptions of fixed maturities 441 378
Repayments of mortgage loans 24 8
Sales of fixed maturities 15 75
Sales of equity securities 5 56
Sales of other investments 12 5
Managed investment entities:    
Purchases of investments (500) (605)
Proceeds from sales and redemptions of investments 718 532
Other investing activities, net (1) 0
Net cash provided by (used in) investing activities 23 (155)
Financing Activities:    
Issuances of Common Stock 3 6
Repurchases of Common Stock (58) 0
Cash dividends paid on Common Stock (233) (268)
Issuances of managed investment entities’ liabilities 764 635
Retirements of managed investment entities’ liabilities (971) (463)
Net cash used in financing activities (495) (90)
Net Change in Cash and Cash Equivalents (130) (138)
Cash and cash equivalents at beginning of period 1,406 1,225
Cash and cash equivalents at end of period $ 1,276 $ 1,087