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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net income $ 792 $ 539
Adjustments to reconcile net income to net cash provided by operating activities, net 300 497
Changes in operating assets and liabilities, net:    
Receivables (456) (634)
Deferred acquisition costs (74) (63)
Insurance reserves 1,165 1,417
Other assets (173) (360)
Other liabilities (139) 87
Trading securities 738 (37)
Net cash flow provided by operating activities 2,153 1,446
Investing Activities:    
Purchases of fixed maturities (3,506) (6,251)
Proceeds from sales of fixed maturities 2,285 3,293
Proceeds from maturities of fixed maturities 613 1,715
Purchases of equity securities (126) (195)
Proceeds from sales of equity securities 121 193
Purchases of limited partnership investments (245) (168)
Proceeds from sales of limited partnership investments 132 134
Purchases of property, plant and equipment (299) (312)
Change in short term investments (322) 739
Other, net (120) 66
Net cash flow used by investing activities (1,467) (786)
Financing Activities:    
Dividends paid (29) (31)
Dividends paid to noncontrolling interests (55) (79)
Purchases of Loews Corporation treasury stock (593) (380)
Purchases of subsidiary stock from noncontrolling interests (26) (21)
Principal payments on debt (502) (301)
Issuance of debt 463 498
Other, net (17) (4)
Net cash flow used by financing activities (759) (318)
Effect of foreign exchange rate on cash 4 (12)
Net change in cash (69) 330
Cash, beginning of period 532 621
Cash, end of period $ 463 $ 951