XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 5,064 $ 6,433
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 32,415 48,015
Sales, maturities and repayments of equity securities 927 473
Sales, maturities and repayments of mortgage loans 4,347 6,685
Sales, maturities and repayments of real estate and real estate joint ventures 76 438
Sales, maturities and repayments of other limited partnership interests 541 1,227
Sales, maturities and repayments of short-term investments 6,262 9,260
Purchases of fixed maturity securities available-for-sale (35,072) (44,368)
Purchases of equity securities (51) (375)
Purchases of mortgage loans (5,094) (10,157)
Purchases of real estate and real estate joint ventures (555) (615)
Purchases of other limited partnership interests (910) (1,506)
Purchases of short-term investments (8,216) (5,041)
Cash received in connection with freestanding derivatives 1,446 2,513
Cash paid in connection with freestanding derivatives (2,742) (4,518)
Sales of businesses 0 590
Purchases of investments in operating joint ventures 0 (240)
Net change in policy loans 16 79
Net change in other invested assets (1,133) (737)
Other, net (107) (34)
Net cash provided by (used in) investing activities (7,850) 1,689
Cash flows from financing activities    
Policyholder account balances: Deposits 51,869 56,386
Policyholder account balances: Withdrawals (49,013) (52,746)
Net change in payables for collateral under securities loaned and other transactions (1,972) (7,809)
Long-term debt issued 1,000 6
Long-term debt repaid (1,019) (23)
Collateral financing arrangement repaid (41) (25)
Financing element on certain derivative instruments and other derivative related transactions, net 58 121
Proceeds from mortgage loan secured financing 277 0
Repayments of mortgage loan secured financing (663) 0
Treasury stock acquired in connection with share repurchases (1,452) (2,056)
Dividends on preferred stock (98) (92)
Dividends on common stock (788) (805)
Other, net (74) (180)
Net cash provided by (used in) financing activities (1,916) (7,223)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances (76) (467)
Change in cash and cash equivalents (4,778) 432
Cash and cash equivalents, including subsidiaries held-for-sale, beginning of period 20,195 20,116
Cash and cash equivalents, including subsidiaries held-for-sale, end of period 15,417 20,548
Cash and cash equivalents, subsidiaries held-for-sale, beginning of period 0 69
Cash and cash equivalents, subsidiaries held-for-sale, end of period 0 0
Cash and cash equivalents, beginning of period 20,195 20,047
Cash and cash equivalents, end of period 15,417 20,548
Supplemental disclosures of cash flow information    
Net cash paid for Interest 472 435
Net cash paid (received) for Income tax 1,116 577
Non-cash transactions:    
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions 1,691 1,258
Real estate and real estate joint ventures acquired in satisfaction of debt 6 187
Increase in policyholder account balances associated with funding agreement backed notes issued but not settled $ 0 $ 184