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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 208 $ 538
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 249 290
Depreciation and amortization 83 79
Amortization of premiums and accretion of discounts on debt securities, net 17 22
Net investment losses (gains) 176 (153)
Share-based compensation 52 40
Equity in earnings of affiliates, net (7) (4)
Dividends from equity method investments 6 6
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (223) (231)
Net change in income tax accounts (43) 1
Decrease (increase) in accounts and accrued income receivable 28 (31)
Decrease in accounts payable and accrued liabilities (324) (52)
Decrease in deferred revenue (23) (22)
Other, net 30 (6)
Cash provided by operating activities 229 477
Cash flows from investing activities:    
Net cash effect of acquisitions/dispositions (203) (4)
Net decrease in deposits with banks (11) (4)
Purchases of debt securities (1,143) (3,036)
Proceeds from sales of debt securities 457 680
Proceeds from maturities of debt securities 704 891
Purchases of equity securities (99) (72)
Proceeds from sales of equity securities 157 73
Net change in other investments 1 (49)
Advances under secured financing agreements (9,730) (12,426)
Collections of secured financings receivable 9,790 12,463
Capital expenditures (118) (68)
Proceeds from sales of property and equipment   13
Proceeds from insurance settlement 2 7
Cash used for investing activities (193) (1,532)
Cash flows from financing activities:    
Net change in deposits 1,058 2,080
Borrowings under secured financing agreements 9,599 11,079
Repayments of secured financings payable (9,712) (10,983)
Repayments of other notes and contracts payable (3) (3)
Net activity related to noncontrolling interests (1) (3)
Net payments in connection with share-based compensation (7) (4)
Repurchases of Company shares (335) (65)
Payments of cash dividends (110) (101)
Cash provided by financing activities 489 2,000
Effect of exchange rate changes on cash (8) 3
Net increase in cash and cash equivalents 517 948
Cash and cash equivalents—Beginning of period 1,228 1,275
Cash and cash equivalents—End of period 1,745 2,223
Supplemental information:    
Interest 38 32
Premium taxes 72 49
Income taxes $ 105 $ 167