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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net income $ 572 $ 1,086
Adjustments to reconcile net income to net cash provided by operating activities, net 505 (187)
Changes in operating assets and liabilities, net:    
Receivables (634) (1,087)
Deferred acquisition costs (63) (12)
Insurance reserves 1,376 1,373
Other assets (360) (720)
Other liabilities 87 598
Trading securities (37) (508)
Net cash flow provided by operating activities 1,446 543
Investing Activities:    
Purchases of fixed maturities (6,251) (4,615)
Proceeds from sales of fixed maturities 3,293 1,846
Proceeds from maturities of fixed maturities 1,715 2,104
Purchases of equity securities (195) (181)
Proceeds from sales of equity securities 193 193
Purchases of limited partnership investments (168) (169)
Proceeds from sales of limited partnership investments 134 185
Purchases of property, plant and equipment (312) (183)
Dispositions 52
Sale of interest in Altium Packaging 417
Change in short term investments 739 405
Other, net 66 39
Net cash flow (used) provided by investing activities (786) 93
Financing Activities:    
Dividends paid (31) (33)
Dividends paid to noncontrolling interests (79) (43)
Purchases of Loews Corporation treasury stock (380) (484)
Purchases of subsidiary stock from noncontrolling interests (21) (18)
Principal payments on debt (301) (1,146)
Issuance of debt 498 1,199
Other, net (4) (12)
Net cash flow used by financing activities (318) (537)
Effect of foreign exchange rate on cash (12) 1
Net change in cash 330 100
Cash, beginning of year 621 478
Cash, end of year $ 951 $ 578