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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net income $ 976 $ 938
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense 91 42
Trading portfolio activity (14) (1)
Net investment losses 62 42
Equity method investees (37) (93)
Net amortization of investments (149) (153)
Depreciation and amortization 53 51
Changes in:    
Receivables, net (318) (404)
Accrued investment income (26) (15)
Deferred acquisition costs (16) (45)
Insurance reserves 1,522 1,559
Other, net (224) (53)
Net cash flows provided by operating activities 1,920 1,868
Dispositions:    
Fixed maturity securities - sales 2,432 2,335
Fixed maturity securities - maturities, calls and redemptions 2,567 1,755
Equity securities 396 388
Limited partnerships 89 45
Mortgage loans 69 75
Purchases:    
Fixed maturity securities (6,052) (5,016)
Equity securities (429) (332)
Limited partnerships (252) (235)
Mortgage loans (110) (43)
Change in other investments (5) (2)
Change in short-term investments (94) 329
Purchases of property and equipment (58) (57)
Other, net 1 (4)
Net cash flows used by investing activities (1,446) (762)
Cash Flows from Financing Activities    
Dividends paid to common stockholders (922) (906)
Proceeds from the issuance of debt 495 490
Repayment of debt 0 (550)
Purchase of treasury stock (34) (20)
Other, net (17) (12)
Net cash flows used by financing activities (478) (998)
Effect of foreign exchange rate changes on cash 15 3
Net change in cash 11 111
Cash, beginning of year 472 345
Cash, end of period $ 483 $ 456