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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net cash provided by (used in) operating activities $ (179) $ 231
Proceeds from the sale, maturity, disposal or redemption of:    
Fixed maturities 2,477 1,262
Equity securities 48 26
Mortgage loans on real estate 135 206
Limited partnerships/corporations 51 38
Acquisition of:    
Fixed maturities (2,401) (504)
Equity securities (9) (3)
Mortgage loans on real estate (257) (107)
Limited partnerships/corporations (75) (125)
Short-term investments, net (3) 36
Derivatives, net (55) 58
Sales from CIEs 372 307
Purchases within CIEs (462) (267)
Collateral received (delivered), net 185 102
Receipts on deposit asset contracts 33 69
Cash and cash equivalents acquired from business acquisitions, net of cash paid 224 0
Other, net (18) (16)
Net cash provided by (used in) investing activities 245 1,082
Cash Flows from Financing Activities:    
Deposits received for investment contracts 1,060 825
Maturities and withdrawals from investment contracts (1,515) (1,677)
Repayments of long-term debt, including current maturities (400) 0
Borrowings of CIEs 208 73
Repayments of borrowings of CIEs (294) (52)
Contributions from (distributions to) participants in CIEs, net 486 (150)
Proceeds from issuance of common stock, net 3 3
Common stock acquired - Share repurchase 0 (172)
Dividends paid on preferred stock (17) (17)
Dividends paid on common stock (43) (41)
Other, net (58) (47)
Net cash provided by (used in) financing activities (570) (1,255)
Net increase (decrease) in cash and cash equivalents, including cash in CIEs (504) 58
Cash and cash equivalents, including cash in CIEs, beginning of period 1,514 1,118
Cash and cash equivalents, including cash in CIEs, end of period 1,010 $ 1,176
Total cash and cash equivalents, including cash in CIEs 1,010  
Excluding consolidated VIEs    
Cash and cash equivalents 868  
VIEs    
Cash and cash equivalents $ 142