XML 112 R9.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (unaudited)
$ in Millions
3 Months Ended
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Statement of Cash Flows [Abstract]    
Net cash flows provided by (used in) operating activities $ (164) $ (332)
Fixed-maturity securities:    
Purchases (278) (196)
Sales 86 471
Maturities and paydowns 217 177
Short-term investments with maturities of over three months:    
Purchases (56) (107)
Sales 4 2
Maturities and paydowns 12 67
Net sales (purchases) of short-term investments with original maturities of less than three months 375 25
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 37 26
Proceeds from sales of other invested assets 1 27
Other (9) 0
Net cash flows provided by (used in) investing activities 389 492
Financing activities    
Dividends paid (20) (20)
Repurchases of common stock (116) (80)
Net paydowns of financial guaranty variable interest entities’ liabilities (35) (25)
Paydown of long-term debt (21) (3)
Other (11) (14)
Contributions from noncontrolling interests to investment vehicles 23 0
Net cash flows provided by (used in) financing activities (180) (142)
Effect of foreign exchange rate changes (7) 1
Increase (decrease) in cash and restricted cash 38 19
Cash and restricted cash at beginning of period 183 104
Cash and restricted cash at end of period 221 123
Supplemental cash flow information    
Interest on long-term debt 9 9
Purchases of fixed-maturity investments 0 (139)
Cash 139 123
Cash of Consolidated Investment Vehicles $ 82 $ 0