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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net cash flows provided by (used in) operating activities $ (74) $ 312  
Fixed-maturity securities, available-for-sale:      
Purchases (321) (225)  
Sales 359 455  
Maturities and paydowns 165 129  
Short-term investments with original maturities of over three months:      
Purchases 0 (12)  
Sales 0 3  
Maturities and paydowns 4 15  
Net sales (purchases) of short-term investments with original maturities of less than three months 8 (460)  
Sales of fixed-maturity securities, trading 72 0  
Paydowns of financial guaranty variable interest entities’ assets 6 7  
Purchases of and contributions to other invested assets (56) (10)  
Sales of and return of capital from other invested assets 17 5  
Other (1) (1)  
Net cash flows provided by (used in) investing activities 253 (94)  
Cash flows from financing activities:      
Dividends paid (19) (18)  
Repurchases of common shares (129) (2)  
Net paydowns of financial guaranty variable interest entities’ liabilities (148) (9)  
Other (28) (15)  
Cash flows from consolidated investment vehicles:      
Repayment of warehouse financing debt 0 (152)  
Borrowing (payment) under credit facilities 0 (30)  
Distributions to noncontrolling interests from consolidated investment vehicles (3) (70)  
Net cash flows provided by (used in) financing activities (327) (296)  
Effect of foreign exchange rate changes (1) 1  
Increase (decrease) in cash and cash equivalents and restricted cash (149) (77)  
Cash and cash equivalents and restricted cash at beginning of period 286 207 $ 207
Cash and cash equivalents and restricted cash at end of period 137 130 286
Supplemental cash flow information      
Interest paid on long-term debt 22 10  
Supplemental disclosure of non-cash activities:      
Fixed-maturity securities, available-for-sale, received as salvage 0 1  
Contributions from noncontrolling interests 0 3  
Distributions to noncontrolling interests 0 3  
Noncash, Distributions From Equity Method Investments 7 0  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:      
Cash 115 118 97
Cash and cash equivalents of consolidated investment vehicles (See Note 8) 22 (13)  
Cash (included in assets held for sale) 0 25  
Cash and cash equivalents and restricted cash at end of period $ 137 $ 130 $ 286