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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Statement of Cash Flows [Abstract]            
Net cash flows provided by (used in) operating activities       $ (664) $ (365)  
Fixed-maturity securities:            
Purchases       (856) (688)  
Sales $ 137   $ 405 627 1,306  
Maturities and paydowns       642 664  
Short-term investments with maturities of over three months:            
Purchases       (238) (216)  
Sales       41 2  
Maturities and paydowns       198 206  
Net sales (purchases) of short-term investments with original maturities of less than three months       415 (404)  
Paydowns on financial guaranty variable interest entities’ assets       67 119  
Sales of financial guaranty variable interest entities' assets       0 51  
Sales and return of capital of other invested assets       21 35  
Other       (11) (5)  
Net cash flows provided by (used in) investing activities       906 1,070  
Financing activities            
Dividends paid       (53) (56)  
Repurchases of common stock       (320) (340)  
Net paydowns of financial guaranty variable interest entities’ liabilities       (63) (162)  
Paydown of long-term debt       (22) (4)  
Other       (12) (16)  
Proceeds from issuance of collateralized loan obligations       361 0  
Proceeds from issuance of warehouse financing debt       47 0  
Contributions from noncontrolling interests to investment vehicles       69 0  
Distributions to noncontrolling interests from investment vehicles       (19) 0  
Net cash flows provided by (used in) financing activities       (12) (578)  
Effect of foreign exchange rate changes       (7) (2)  
Increase (decrease) in cash and restricted cash       223 125  
Cash and restricted cash at beginning of period   $ 229   183 104 $ 104
Supplemental cash flow information            
Income taxes       1    
Income taxes         (2)  
Interest on long-term debt       49 51  
Purchases of fixed-maturity investments       (1) (188)  
Sales of fixed-maturity investments       1 44  
Cash 223 169 229 223 229 169
Restricted cash (included in other assets) 1   0 1 0  
Cash of consolidated investment vehicles (see Note 11) 182   0 182 0  
Cash and restricted cash at end of period $ 406 $ 183 $ 229 $ 406 $ 229 $ 183