XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 6,449 $ 5,818
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 27,503 26,840
Sales, maturities and repayments of equity securities 54 44
Sales, maturities and repayments of mortgage loans 6,421 4,777
Sales, maturities and repayments of real estate and real estate joint ventures 72 298
Sales, maturities and repayments of other limited partnership interests 504 626
Sales, maturities and repayments of short-term investments 7,439 7,641
Purchases of fixed maturity securities available-for-sale (35,502) (31,986)
Purchases of equity securities (48) (64)
Purchases of mortgage loans (4,214) (3,545)
Purchases of real estate and real estate joint ventures (387) (707)
Purchases of other limited partnership interests (650) (574)
Purchases of short-term investments (7,427) (5,440)
Cash received in connection with freestanding derivatives 1,438 1,034
Cash paid in connection with freestanding derivatives (1,959) (2,261)
Net change in policy loans (30) (17)
Net change in other invested assets 557 (506)
Other, net (74) (127)
Net cash provided by (used in) investing activities (6,303) (3,967)
Cash flows from financing activities    
Policyholder account balances - deposits 55,756 50,011
Policyholder account balances - withdrawals (51,669) (48,065)
Net change in payables for collateral under securities loaned and other transactions (118) 385
Long-term debt issued 713 1,270
Long-term debt repaid (558) (1,741)
Collateral financing arrangement repaid (38) (82)
Subordinated debt securities issued 1,000 0
Derivatives with certain financing elements and other derivative-related transactions, net (74) (150)
Proceeds from mortgage loan secured financing 334 92
Repayments of mortgage loan secured financing (672) (419)
Treasury stock acquired in connection with share repurchases (1,921) (2,027)
Dividends on preferred stock (97) (101)
Dividends on common stock (756) (766)
Other, net (231) 127
Net cash provided by (used in) financing activities 1,669 (1,466)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances 295 (238)
Change in cash and cash equivalents 2,110 147
Cash and cash equivalents, beginning of period 20,068 20,639
Cash and cash equivalents, end of period 22,178 20,786
Supplemental disclosures of cash flow information    
Net cash paid for Interest 507 527
Net cash paid (received) for Income tax 930 994
Non-cash transactions:    
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions 0 2,342
Real estate and real estate joint ventures acquired in satisfaction of debt 186 334
Other invested assets received in connection with the sale of other limited partnership interests 20 372
Increase of real estate and real estate joint ventures 0 134
Increase of short-term debt $ 0 $ 113