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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net cash provided by (used in) operating activities $ 563 $ 547
Proceeds from the sale, maturity, disposal or redemption of:    
Fixed maturities 4,115 2,498
Equity securities 82 36
Mortgage loans on real estate 391 371
Limited partnerships/corporations 107 128
Acquisition of:    
Fixed maturities (3,800) (1,659)
Equity securities (42) (59)
Mortgage loans on real estate (447) (173)
Limited partnerships/corporations (214) (200)
Short-term investments, net (42) 115
Derivatives, net (44) 148
Sales from CIEs 664 999
Purchases within CIEs (1,140) (1,387)
Collateral received (delivered), net (156) 82
Receipts on deposit asset contracts 64 126
Cash and cash equivalents acquired from business acquisitions, net of cash paid 224 0
Other, net (41) (35)
Net cash provided by (used in) investing activities (279) 990
Cash Flows from Financing Activities:    
Deposits received for investment contracts 2,002 1,434
Maturities and withdrawals from investment contracts (2,723) (2,986)
Repayments of long-term debt, including current maturities (400) 0
Borrowings of CIEs 719 463
Repayments of borrowings of CIEs (831) (421)
Contributions from (distributions to) participants in CIEs, net 965 550
Proceeds from issuance of common stock, net 3 3
Common stock acquired - Share repurchase 0 (348)
Dividends paid on preferred stock (21) (21)
Dividends paid on common stock (including dividend equivalent payments of $3 as of 2025 and 2024) (90) (84)
Other, net (101) (65)
Net cash provided by (used in) financing activities (477) (1,475)
Net increase (decrease) in cash and cash equivalents, including cash in CIEs (193) 62
Cash and cash equivalents, including cash in CIEs, beginning of period 1,514 1,118
Cash and cash equivalents, including cash in CIEs, end of period 1,321 $ 1,180
Total cash and cash equivalents, including cash in CIEs 1,321  
Excluding consolidated VIEs    
Cash and cash equivalents 1,179  
VIEs    
Cash and cash equivalents $ 142