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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 211 $ 988
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 380 446
Depreciation and amortization 124 118
Amortization of premiums and accretion of discounts on debt securities, net 18 33
Net investment losses (gains) 402 (429)
Share-based compensation 60 47
Equity in earnings of affiliates, net (10) (6)
Dividends from equity method investments 9 9
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (338) (356)
Net change in income tax accounts (114) 59
Decrease (increase) in accounts and accrued income receivable 46 (54)
(Decrease) increase in accounts payable and accrued liabilities (274) 70
Decrease in deferred revenue (10) (28)
Other, net 29 (21)
Cash provided by operating activities 533 876
Cash flows from investing activities:    
Net cash effect of acquisitions/dispositions (278) (61)
Net decrease in deposits with banks (8) (8)
Purchases of debt securities (1,989) (4,974)
Proceeds from sales of debt securities 1,063 869
Proceeds from maturities of debt securities 951 1,404
Purchases of equity securities (137) (136)
Proceeds from sales of equity securities 231 79
Net change in other investments (4) (13)
Advances under secured financing agreements (13,052) (19,292)
Collections of secured financings receivable 13,147 19,389
Capital expenditures (189) (111)
Proceeds from sales of property and equipment 7 13
Proceeds from insurance settlement 3 12
Cash used for investing activities (255) (2,829)
Cash flows from financing activities:    
Net change in deposits 1,659 2,157
Borrowings under secured financing agreements 12,859 17,939
Repayments of secured financings payable (13,065) (17,861)
Net proceeds from issuance of unsecured senior notes 0 642
Repayments of other notes and contracts payable (5) (5)
Net activity related to noncontrolling interests (2) (3)
Net (payments) proceeds in connection with share-based compensation (1) 1
Repurchases of Company shares (407) (79)
Payments of cash dividends (164) (157)
Cash provided by financing activities 874 2,634
Effect of exchange rate changes on cash (19) (3)
Net increase in cash and cash equivalents 1,133 678
Cash and cash equivalents—Beginning of period 1,228 1,275
Cash and cash equivalents—End of period 2,361 1,953
Supplemental information:    
Interest 59 42
Premium taxes 97 70
Income taxes $ 171 $ 261