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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 98 $ 234
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 122 140
Depreciation and amortization 41 38
Amortization of premiums and accretion of discounts on debt securities, net 11 11
Net investment losses (gains) 43 (67)
Share-based compensation 43 31
Equity in earnings of affiliates, net (4) (1)
Dividends from equity method investments 2 3
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (101) (118)
Net change in income tax accounts 25 64
Decrease (increase) in accounts and accrued income receivable 6 (8)
Decrease in accounts payable and accrued liabilities (246) (82)
Decrease in deferred revenue (24) (19)
Other, net 24 (2)
Cash provided by operating activities 40 224
Cash flows from investing activities:    
Net cash effect of acquisitions/dispositions (9) 0
Net decrease in deposits with banks 2 0
Purchases of debt securities (742) (1,408)
Proceeds from sales of debt securities 296 191
Proceeds from maturities of debt securities 368 432
Purchases of equity securities (22) (19)
Proceeds from sales of equity securities 83 68
Net change in other investments 1 (19)
Advances under secured financing agreements (5,381) (6,282)
Collections of secured financings receivable 5,339 6,285
Capital expenditures (43) (29)
Proceeds from sales of property and equipment 0 1
Proceeds from insurance settlement 1 1
Cash used for investing activities (107) (779)
Cash flows from financing activities:    
Net change in deposits 704 1,304
Borrowings under secured financing agreements 5,369 5,235
Repayments of secured financings payable (5,351) (5,106)
Repayments of other notes and contracts payable (2) (2)
Net activity related to noncontrolling interests (1) (2)
Net payments in connection with share-based compensation (12) (8)
Repurchases of Company shares (108) (65)
Payments of cash dividends (56) (51)
Cash provided by financing activities 543 1,305
Effect of exchange rate changes on cash 0 1
Net increase in cash and cash equivalents 476 751
Cash and cash equivalents—Beginning of period 1,228 1,275
Cash and cash equivalents—End of period 1,704 2,026
Supplemental information:    
Interest 18 11
Premium taxes 44 29
Income taxes $ 7 $ 7