XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net income $ 655 $ 580
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense 31 21
Trading portfolio activity (6) 1
Net investment losses 32 67
Equity method investees (72) (29)
Net amortization of investments (105) (87)
Depreciation and amortization 34 28
Changes in:    
Receivables, net (626) (497)
Accrued investment income (10) (21)
Deferred acquisition costs (55) (74)
Insurance reserves 1,255 1,165
Other, net (13) (217)
Net cash flows provided by operating activities 1,120 937
Dispositions:    
Fixed maturity securities - sales 1,611 2,285
Fixed maturity securities - maturities, calls and redemptions 1,109 613
Equity securities 288 121
Limited partnerships 29 79
Mortgage loans 61 78
Purchases:    
Fixed maturity securities (3,338) (3,506)
Equity securities (246) (126)
Limited partnerships (140) (245)
Mortgage loans (12) (53)
Change in other investments 5 6
Change in short-term investments 461 (62)
Purchases of property and equipment (39) (43)
Other, net 2 (5)
Net cash flows used by investing activities (209) (858)
Cash Flows from Financing Activities    
Dividends paid to common stockholders (786) (559)
Proceeds from the issuance of debt 490 395
Repayment of debt (550) 0
Purchase of treasury stock (20) (24)
Other, net (12) (12)
Net cash flows used by financing activities (878) (200)
Effect of foreign exchange rate changes on cash (3) 4
Net change in cash 30 (117)
Cash, beginning of year 345 475
Cash, end of period $ 375 $ 358