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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Statement of Cash Flows [Abstract]      
Net cash flows provided by (used in) operating activities $ 87 $ (74)  
Fixed-maturity securities, available-for-sale:      
Purchases (344) (321)  
Sales 216 359  
Maturities and paydowns 188 165  
Short-term investments with original maturities of over three months:      
Purchases (2) 0  
Maturities and paydowns 0 4  
Net sales (purchases) of short-term investments with original maturities of less than three months 67 8  
Sales of fixed-maturity securities, trading 8 72  
Maturities and paydowns of fixed-maturity securities, trading 3 0  
Paydowns of financial guaranty variable interest entities’ assets 5 6  
Purchases of and contributions to other invested assets (13) (56)  
Sales of and return of capital from other invested assets 10 17  
Other (4) (1)  
Net cash flows provided by (used in) investing activities 134 253  
Cash flows from financing activities:      
Dividends paid (19) (19)  
Repurchases of common shares (120) (129)  
Net paydowns of financial guaranty variable interest entities’ liabilities (4) (148)  
Payments related to tax withholding for share-based compensation (28) (29)  
Other 1 1  
Distributions to noncontrolling interests from consolidated investment vehicles 0 (3)  
Net cash flows provided by (used in) financing activities (170) (327)  
Effect of foreign exchange rate changes 3 (1)  
Increase (decrease) in cash and cash equivalents and restricted cash 54 (149)  
Cash and cash equivalents and restricted cash at beginning of period 128 286 $ 286
Cash and cash equivalents and restricted cash at end of period 182 137 128
Supplemental cash flow information      
Income taxes paid (received) (3) 0  
Interest paid on long-term debt 21 22  
Supplemental disclosure of non-cash activities:      
Receipt of fixed-maturity securities, available-for-sale 5 0  
Distributions from equity method investments 0 7  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:      
Cash 177 115 121
Cash and cash equivalents of consolidated investment vehicles (See Note 8) 1 22  
Restricted cash (included in other assets) 4 0  
Cash and cash equivalents and restricted cash at end of period $ 182 $ 137 $ 128