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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 5,818 $ 5,064
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 26,840 32,415
Sales, maturities and repayments of equity securities 44 927
Sales, maturities and repayments of mortgage loans 4,777 4,347
Sales, maturities and repayments of real estate and real estate joint ventures 298 76
Sales, maturities and repayments of other limited partnership interests 626 541
Sales, maturities and repayments of short-term investments 7,641 6,262
Purchases of fixed maturity securities available-for-sale (31,986) (35,072)
Purchases of equity securities (64) (51)
Purchases of mortgage loans (3,545) (5,094)
Purchases of real estate and real estate joint ventures (707) (555)
Purchases of other limited partnership interests (574) (910)
Purchases of short-term investments (5,440) (8,216)
Cash received in connection with freestanding derivatives 1,034 1,446
Cash paid in connection with freestanding derivatives (2,261) (2,742)
Net change in policy loans (17) 16
Net change in other invested assets (506) (1,133)
Other, net (127) (107)
Net cash provided by (used in) investing activities (3,967) (7,850)
Cash flows from financing activities    
Policyholder account balances - deposits 50,011 51,869
Policyholder account balances - withdrawals (48,065) (49,013)
Net change in payables for collateral under securities loaned and other transactions 385 (1,972)
Long-term debt issued 1,270 1,000
Long-term debt repaid (1,741) (1,019)
Collateral financing arrangement repaid (82) (41)
Derivatives with certain financing elements and other derivative-related transactions, net (150) 58
Proceeds from mortgage loan secured financing 92 277
Repayments of mortgage loan secured financing (419) (663)
Treasury stock acquired in connection with share repurchases (2,027) (1,452)
Dividends on preferred stock (101) (98)
Dividends on common stock (766) (788)
Other, net 127 (74)
Net cash provided by (used in) financing activities (1,466) (1,916)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances (238) (76)
Change in cash and cash equivalents 147 (4,778)
Cash and cash equivalents, beginning of period 20,639 20,195
Cash and cash equivalents, end of period 20,786 15,417
Supplemental disclosures of cash flow information    
Net cash paid for Interest 527 472
Net cash paid (received) for Income tax 994 1,116
Non-cash transactions:    
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions 2,342 1,691
Real estate and real estate joint ventures acquired in satisfaction of debt 334 6
Other invested assets received in connection with the sale of other limited partnership interests 372 0
Increase of real estate and real estate joint ventures 134 0
Increase of short-term debt $ 113 $ 0