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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income (loss) $ 5,752 $ (5,016) $ 3,800
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization 688 444 830
Gain on recapture of reinsurance agreements, net of cash received (489) 0 0
Net amortization (accretion) of net investment premiums, discounts and other 81 285 (192)
Net investments (income) loss (108) (506) (1,493)
Net recognized (gains) losses on investments and derivatives (1,959) 5,949 (3,632)
Deferred Policy Acquisition Cost, Capitalization, Excluding Deferred Policy Acquisition Cost Capitalized at Inception of Reinsurance Agreements (1,570) (1,127) (698)
Increase (Decrease) in Operating Capital [Abstract]      
Increase (Decrease) in Accrued Investment Income Receivable (575) (370) (63)
Increase (Decrease) in Interest Sensitive Contract Liabilities 3,917 (1,337) 3,357
Increase (Decrease) in Insurance Liabilities 4,333 3,901 8,743
Increase (Decrease) in Funds Held under Reinsurance Agreements (3,411) 5,229 (634)
Increase (Decrease) in Other Operating Assets and Liabilities, Net (1,676) (1,194) 274
Net cash provided by operating activities 4,983 6,258 10,292
Sales, maturities and repayments of:      
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 14,484 18,564 28,620
Proceeds from Sale and Maturity of Debt and Equity Securities, FV-NI, Held-for-investment 390 217 201
Proceeds from sale of equity securities 167 389 209
Proceeds from Sale and Collection of Mortgage Notes Receivable 4,569 3,562 2,900
Proceeds from Investment Funds 360 1,704 1,823
Proceeds from Derivative Instrument, Investing Activities 4,324 3,123 5,185
Proceeds from Sale, Maturity and Collection of Short-term Investments 3,507 604 3,125
Purchases of:      
Payments to Acquire Debt Securities, Available-for-sale (37,263) (36,684) (47,181)
Payments to Acquire Trading Securities Held-for-investment (2,718) (915) (489)
Payments to acquire equity securities (116) (441) (931)
Payments to Acquire Mortgage Notes Receivable (20,972) (12,951) (11,131)
Payments to Acquire Investment Funds (2,461) (5,755) (3,807)
Payments for Derivative Instrument, Investing Activities (5,637) (3,008) (3,636)
Payments to Acquire Short-term Investments (2,612) (2,632) (3,045)
Cash Acquired from Acquisition 3 393 0
Deconsolidation of previously consolidated entities (53) (393) 0
Payments for (Proceeds from) Other Investing Activities 378 (152) 225
Net cash provided by (used in) investing activities (43,650) (34,375) (27,932)
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Proceeds from Issuance of Common Stock 0 0 11
Proceeds from Issuance of Long-term Debt 589 399 997
Proceeds from Contributions from Parent 1,250 0 0
Proceeds from Annuities and Investment Certificates 53,660 33,920 21,447
Repayments of Annuities and Investment Certificates (14,125) (10,209) (7,042)
Payments for (Proceeds from) Derivative Instrument, Financing Activities 829 (330) 3,243
Proceeds from Issuance of Preferred Stock and Preference Stock 0 487 0
Payments to Noncontrolling Interests (539) (63) 0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (136) (141) (141)
Payments of Ordinary Dividends, Common Stock 937 1,313 0
Payments for Repurchase of Common Stock 0 0 8
Proceeds from Noncontrolling Interests 996 1,047 758
Proceeds from (Payments for) Other Financing Activities 739 461 292
Net cash provided by financing activities 44,767 26,472 19,629
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 10 (15) (2)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 6,110 (1,660) 1,987
Cash and cash equivalents at beginning of year [1] 8,769 10,429 8,442
Cash and cash equivalents at end of year [1] 14,879 8,769 10,429
Supplementary information      
Income Taxes Paid, Net 216 821 192
Cash paid for interest 498 244 125
Noncash Investing and Financing Items [Abstract]      
Reinsurance Agreements, Deposits on Investment Policies and Contracts 99 878 2,103
Reinsurance Agreements, Withdrawals on Investment Policies and Contracts 12,430 9,131 8,098
Assets contributed to consolidated VIEs   8,007 169
Reinsurance Settlements [Member]      
Noncash Investing and Financing Items [Abstract]      
Transfer to Investments 1,064 36 124
Pension Risk Transfer Premiums [Member]      
Noncash Investing and Financing Items [Abstract]      
Transfer to Investments 4,776 4,185 4,971
Reinsurance Recapture      
Noncash Investing and Financing Items [Abstract]      
Transfer from Investments 482 0 0
Dividend Declared      
Noncash Investing and Financing Items [Abstract]      
Payments of Distributions to Affiliates 0 2,145 0
Reinsurance agreement      
Noncash Investing and Financing Items [Abstract]      
Transfer to Investments 2,158 0 0
Third-party cedants      
Noncash Investing and Financing Items [Abstract]      
Transfer to Investments 145 612 0
Apollo Aligned Alternatives, L.P.      
Noncash Investing and Financing Items [Abstract]      
Assets contributed to consolidated VIEs 0    
Variable Interest Entities      
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Repayments of Debt 52 0 0
Proceeds from Noncontrolling Interests 1,809 2,214 72
Related Party      
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Net investments (income) loss (104) (294) (1,380)
Net recognized (gains) losses on investments and derivatives (1,305) (224) (180)
Increase (Decrease) in Operating Capital [Abstract]      
Increase (Decrease) in Accrued Investment Income Receivable (61) (51) (16)
Increase (Decrease) in Interest Sensitive Contract Liabilities 131 (24) 398
Increase (Decrease) in Insurance Liabilities 6 41 247
Increase (Decrease) in Funds Held under Reinsurance Agreements (371) 1,184 (419)
Sales, maturities and repayments of:      
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale 2,081 4,197 2,040
Proceeds from Sale and Maturity of Debt and Equity Securities, FV-NI, Held-for-investment 156 79 76
Proceeds from sale of equity securities 0 6 12
Proceeds from Sale and Collection of Mortgage Notes Receivable 30 46 16
Proceeds from Investment Funds 301 1,543 1,433
Proceeds from Derivative Instrument, Investing Activities 0 184 330
Proceeds from Sale, Maturity and Collection of Short-term Investments 1,178 0 2,732
Purchases of:      
Payments to Acquire Debt Securities, Available-for-sale (4,817) (4,035) (6,057)
Payments to Acquire Trading Securities Held-for-investment (866) (156) (267)
Payments to acquire equity securities 0 (208) (216)
Payments to Acquire Mortgage Notes Receivable 0 (364) (918)
Payments to Acquire Investment Funds (2,334) (4,738) (3,140)
Payments for Derivative Instrument, Investing Activities (46) (266) (75)
Payments to Acquire Short-term Investments (2,061) (33) (2,734)
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Proceeds from Annuities and Investment Certificates 7 68 82
Repayments of Annuities and Investment Certificates (402) (350) (420)
Noncash Investing and Financing Items [Abstract]      
Reinsurance Agreements, Deposits on Investment Policies and Contracts 20 270 330
Reinsurance Agreements, Withdrawals on Investment Policies and Contracts 1,646 1,493 1,532
Transfer from Investments 0 0 139
Related Party | Reinsurance Settlements [Member]      
Noncash Investing and Financing Items [Abstract]      
Transfer to Investments 65 0 41
Consolidated Entity, excluding VIE Primary Beneficiary      
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Proceeds from subsidiary issuance of equity interests to noncontrolling interests $ 632 $ 0 $ 0
[1]
1 Includes cash and cash equivalents, restricted cash and cash and cash equivalents of consolidated variable interest entities.