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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, 2022
Dec. 31, 2021
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Statement of Cash Flows [Abstract]            
Net cash flows provided by (used in) operating activities       $ (1,848) $ (1,792)  
Fixed-maturity securities, available-for-sale:            
Purchases       (279) (1,025)  
Sales $ 207   $ 0 560 222  
Maturities and paydowns       585 757  
Short-term investments with original maturities of over three months:            
Purchases       (42) 0  
Maturities and paydowns       23 32  
Net sales (purchases) of short-term investments with original maturities of less than three months       64 125  
Sales of fixed-maturity securities, trading       121 0  
Paydowns of financial guaranty variable interest entities’ assets       74 45  
Purchases of other invested assets       (11) (44)  
Return of capital from and sales of other invested assets       35 61  
Other       (2) (4)  
Net cash flows provided by (used in) investing activities       1,128 169  
Cash flows from financing activities:            
Dividends paid       (49) (51)  
Repurchases of common shares       (400) (305)  
Net paydowns of financial guaranty variable interest entities’ liabilities       (92) (38)  
Issuance of long-term debt, net of issuance costs       0 889  
Redemptions and purchases of debt, including make-whole       0 (620)  
Other       (6) 7  
Cash flows from consolidated investment vehicles:            
Proceeds from issuance of collateralized loan obligations       1,372 2,079  
Repayment of collateralized loan obligations       (373) (365)  
Proceeds from issuance of warehouse financing debt       882 1,008  
Repayment of warehouse financing debt       (758) (1,061)  
Borrowings under credit facilities       46 0  
Contributions from noncontrolling interests to consolidated investment vehicles       52 33  
Distributions to noncontrolling interests from consolidated investment vehicles       (19) (10)  
Net cash flows provided by (used in) financing activities       655 1,566  
Effect of foreign exchange rate changes       (6) (1)  
Increase (decrease) in cash and cash equivalents and restricted cash       (71) (58)  
Cash and cash equivalents and restricted cash at beginning of period   $ 240   342 298 $ 298
Cash and cash equivalents and restricted cash at end of period 271 342 240 271 240 342
Supplemental cash flow information            
Income taxes paid (received)       97 1  
Interest paid on long-term debt       47 50  
Supplemental disclosure of non-cash activities:            
Fixed-maturity securities, available-for-sale, received as salvage       610 0  
Fixed-maturity securities, available-for-sale, ceded to a reinsurer       27 0  
Fixed-maturity securities, trading, received as salvage       550 0  
Fixed-maturity securities, trading, ceded to a reinsurer       6 0  
Debt securities of financial guaranty variable interest entities received as salvage       54 0  
Contributions from noncontrolling interests       32 1  
Distributions to noncontrolling interests       53 1  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:            
Cash 131 120 101 131 101 120
Restricted cash (included in other assets) 1   1 1 1  
Cash and cash equivalents of consolidated investment vehicles (Note 8) 139   138 139 138  
Cash and cash equivalents and restricted cash at end of period $ 271 $ 342 $ 240 $ 271 $ 240 $ 342