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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 4,262 $ 2,328
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 14,062 11,469
Sales, maturities and repayments of equity securities 9 37
Sales, maturities and repayments of mortgage loans 3,234 2,217
Sales, maturities and repayments of real estate and real estate joint ventures 48 143
Sales, maturities and repayments of other limited partnership interests 301 402
Sales, maturities and repayments of short-term investments 4,143 3,753
Purchases of fixed maturity securities available-for-sale (18,359) (14,692)
Purchases of equity securities (35) (7)
Purchases of mortgage loans (1,999) (1,914)
Purchases of real estate and real estate joint ventures (114) (175)
Purchases of other limited partnership interests (278) (295)
Purchases of short-term investments (4,443) (2,642)
Cash received in connection with freestanding derivatives 803 503
Cash paid in connection with freestanding derivatives (1,013) (1,052)
Net change in policy loans (87) (80)
Net change in other invested assets 457 (280)
Other, net (51) (14)
Net cash provided by (used in) investing activities (3,322) (2,627)
Cash flows from financing activities    
Policyholder account balances - deposits 28,692 24,444
Policyholder account balances - withdrawals (26,916) (23,373)
Net change in payables for collateral under securities loaned and other transactions 233 50
Long-term debt issued 89 758
Long-term debt repaid (555) (264)
Collateral financing arrangement repaid (13) (47)
Subordinated debt securities issued 1,000 0
Derivatives with certain financing elements and other derivative-related transactions, net (71) (55)
Proceeds from mortgage loan secured financing 66 42
Repayments of mortgage loan secured financing (255) (161)
Treasury stock acquired in connection with share repurchases (1,411) (1,172)
Dividends on preferred stock (66) (67)
Dividends on common stock (374) (377)
Other, net (199) (39)
Net cash provided by (used in) financing activities 220 (261)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances 98 (239)
Change in cash and cash equivalents 1,258 (799)
Cash and cash equivalents, beginning of period 20,068 20,639
Cash and cash equivalents, end of period 21,326 19,840
Supplemental disclosures of cash flow information    
Net cash paid for Interest 224 231
Net cash paid (received) for Income tax 147 130
Non-cash transactions:    
Other invested assets received in connection with the sale of other limited partnership interests $ 20 $ 349