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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net income (loss) $ 1,332 $ (1,728)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities, net (85) 2,503
Changes in operating assets and liabilities, net:    
Receivables (1,115) (273)
Deferred acquisition costs (15) (36)
Insurance reserves 1,891 1,479
Other assets (853) (411)
Other liabilities 701 238
Trading securities (180) (481)
Net cash flow provided by operating activities 1,676 1,291
Investing Activities:    
Purchases of fixed maturities (7,127) (8,466)
Proceeds from sales of fixed maturities 2,510 5,023
Proceeds from maturities of fixed maturities 3,360 2,706
Purchases of equity securities (242) (373)
Proceeds from sales of equity securities 237 275
Purchases of limited partnership investments (281) (144)
Proceeds from sales of limited partnership investments 239 305
Purchases of property, plant and equipment (327) (584)
Dispositions 52 47
Sale of interest in Altium Packaging 417  
Deconsolidation of Diamond Offshore   (483)
Change in short term investments 725 706
Other, net 13 (120)
Net cash flow used by investing activities (424) (1,108)
Financing Activities:    
Dividends paid (49) (53)
Dividends paid to noncontrolling interests (54) (88)
Purchases of Loews Corporation treasury stock (825) (678)
Purchases of subsidiary stock from noncontrolling interests (18) (37)
Principal payments on debt (1,154) (1,157)
Issuance of debt 1,199 2,393
Other, net (12) (13)
Net cash flow (used) provided by financing activities (913) 367
Effect of foreign exchange rate on cash (6)  
Net change in cash 333 550
Cash, beginning of period 478 336
Cash, end of period $ 811 $ 886