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Schedule II - Condensed Financial Information of Registrant - Condensed Statements of Cash Flows (Parent Company Only) (Details) - USD ($)
$ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
May 24, 2022
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Operating activities:        
Net income $ 131 $ 324 $ 729 $ 392
Changes in:        
Cash flows provided by operating activities (123) 110 2,522 1,186
Investing activities:        
Cash flows provided by (used in) investing activities (856) (286) 2,520 (1,301)
Financing activities:        
Borrowings from related parties 0 5 0 0
Borrowings from external parties 12 500 2,500 0
Debt issuance costs 0 (5) (4) 0
Payments of Dividends (22) 0 (33) (750)
Cash flows provided by financing activities 69 544 3,096 1,918
Cash and cash equivalents        
Cash and cash equivalents, beginning of period 1,931 1,021 3,192 1,389
Net change during the period (910) 368 8,138 1,803
Cash and cash equivalents, end of period 1,021 1,389 11,330 3,192
Parent Company        
Operating activities:        
Net income 131 324 729 392
Adjustments to reconcile net income to net cash provided by (used in) operating activities        
Net gains on equity securities 0 0 1 (1)
Deferred federal income tax expense (benefit) (2) 0 270 (11)
Equity in earnings of subsidiaries (164) (367) (832) (457)
Dividends from subsidiaries 47 641 257 557
Changes in:        
Changes in working capital 0 0 23 0
Current tax receivable/payable 0 0 (323) 0
Other, net (38) 2 (34) 2
Cash flows provided by operating activities (26) 600 91 482
Investing activities:        
Investments in subsidiaries 0 0 (1,871) (78)
Change in short-term investments 0 (15) 0 15
Cash flows provided by (used in) investing activities 0 (15) (1,871) (63)
Financing activities:        
Issuance of equity 0 45 0 0
Borrowings from related parties 0 5 1,300 0
Borrowings from external parties 0 500 2,500 0
Repayment of borrowings to related parties 0 (507) (1,900) 0
Debt issuance costs 0 (5) (4) 0
Payments of Dividends (22) 0 (105) (750)
Cash flows provided by financing activities (22) 38 1,791 (750)
Cash and cash equivalents        
Cash and cash equivalents, beginning of period 60 12 304 635
Net change during the period (48) 623 11 (331)
Cash and cash equivalents, end of period 12 635 315 304
Supplementary disclosures of cash flow information:        
Equity Contribution And Invested Assets Received 0 0 0 2,130
Investment In Subsidiaries Contribution $ 0 $ 0 $ 0 $ (1,231)