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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, 2024
Dec. 31, 2023
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Statement of Cash Flows [Abstract]            
Net cash flows provided by (used in) operating activities       $ 1 $ 258  
Fixed-maturity securities, available-for-sale:            
Purchases       (968) (458)  
Sales $ 87   $ 73 575 767  
Maturities and paydowns       577 528  
Short-term investments with original maturities of over three months:            
Purchases       (1) (16)  
Sales       0 4  
Maturities and paydowns       5 35  
Net sales (purchases) of short-term investments with original maturities of less than three months       172 (638)  
Sales of fixed-maturity securities, trading       233 0  
Maturities and paydowns of fixed-maturity securities, trading       5 0  
Paydowns of financial guaranty variable interest entities’ assets       18 88  
Purchases of and contributions to other invested assets       (103) (128)  
Sales of and return of capital from other invested assets       35 16  
Sale of asset management subsidiaries, net of cash       0 (14)  
Other       (4) (1)  
Net cash flows provided by (used in) investing activities       544 183  
Cash flows from financing activities:            
Dividends paid       (52) (51)  
Repurchases of common shares       (412) (90)  
Net paydowns of financial guaranty variable interest entities’ liabilities       (157) (141)  
Issuance of long-term debt, net of issuance costs       0 345  
Redemption of debt       0 (330)  
Payments related to tax withholding for share-based compensation       (30) (16)  
Other       2 1  
Cash flows from consolidated investment vehicles:            
Repayment of collateralized loan obligations       0 (1)  
Repayment of warehouse financing debt       0 (166)  
Borrowing (payment) under credit facilities       0 (4)  
Distributions to noncontrolling interests from consolidated investment vehicles       (10) (80)  
Net cash flows provided by (used in) financing activities       (659) (533)  
Effect of foreign exchange rate changes       2 0  
Increase (decrease) in cash and cash equivalents and restricted cash       (112) (92)  
Cash and cash equivalents and restricted cash at beginning of period   $ 115   286 207 $ 207
Cash and cash equivalents and restricted cash at end of period 174 286 115 174 115 286
Supplemental cash flow information            
Income taxes paid (received)       59 3  
Interest paid on long-term debt       66 55  
Supplemental disclosure of non-cash activities:            
Fixed-maturity securities, available-for-sale, received as salvage       0 1  
Contributions from noncontrolling interests       0 20  
Distributions to noncontrolling interests       0 27  
Assets acquired       0 444  
Assets transferred       0 241  
Liabilities transferred       0 66  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:            
Cash 147 97 108 147 108 97
Restricted cash (included in other assets) 4   0 4 0  
Cash and cash equivalents of consolidated investment vehicles (See Note 8) 23   7 23 7  
Cash and cash equivalents and restricted cash at end of period $ 174 $ 286 $ 115 $ 174 $ 115 $ 286