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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net earnings $ 29 $ 1,879  
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Change in receivables and advance premiums (37) 32  
Capitalization of deferred policy acquisition costs (246) (254)  
Amortization of deferred policy acquisition costs 216 215 $ 851
Increase in policy liabilities (136) (41)  
Change in income tax liabilities 117 291  
Net investment (gains) losses 963 (951)  
Other, net (317) (322)  
Net cash provided (used) by operating activities 589 849  
Proceeds from investments sold or matured:      
Available-for-sale fixed maturity securities 5,935 2,286  
Equity securities 96 267  
Commercial mortgage and other loans 500 379  
Costs of investments acquired:      
Available-for-sale fixed maturity securities (6,624) (2,127)  
Equity securities (101) (73)  
Commercial mortgage and other loans (392) (251)  
Other investments, net (697) (2,119)  
Settlement of derivatives, net 18 (256)  
Cash received (pledged or returned) as collateral, net 984 1,973  
Other, net (78) 148  
Net cash provided (used) by investing activities (359) 227  
Cash flows from financing activities:      
Purchases of treasury stock (900) (750)  
Proceeds from borrowings 0 823  
Dividends paid to shareholders (306) (278)  
Change in investment-type contracts, net (58) (50)  
Treasury stock reissued 4 6  
Other, net (1) (7)  
Net cash provided (used) by financing activities (1,261) (256)  
Effect of exchange rate changes on cash and cash equivalents 33 (28)  
Net change in cash and cash equivalents (998) 792  
Cash and cash equivalents, beginning of period 6,229 4,306 4,306
Cash and cash equivalents, end of period 5,231 5,098 $ 6,229
Supplemental disclosures of cash flow information:      
Income taxes paid (1) 0  
Interest paid 40 34  
Noncash interest 10 13  
Noncash real estate acquired in satisfaction of debt 71 35  
Noncash financing activities:      
Lease obligations 10 5  
Associate stock bonus      
Treasury stock issued for:      
Treasury stock issued 5 4  
Shareholder dividend reinvestment      
Treasury stock issued for:      
Treasury stock issued 11 10  
Share-based compensation grants      
Treasury stock issued for:      
Treasury stock issued $ 7 $ 6