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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:        
Net income $ 594 $ 586 $ 387  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Future policy benefits, claims reserves and interest credited 679 577 538  
Deferred income tax (benefit) expense 13 0 (1)  
Net (gains) losses 132 44 134  
(Gains) losses on limited partnerships/corporations (1) (12) (29)  
Deferred policy acquisition costs, value of business acquired and sales inducements, net 39 (13) (17)  
Change in:        
Premium receivable and reinsurance recoverable 210 313 205  
Other receivables and asset accruals (44) (62) 4  
Due to/from affiliates 18 (73) 30  
Other payables and accruals 56 (22) (25)  
Other, net (81) (10) 2  
Net cash provided by operating activities 1,615 1,378 1,320  
Proceeds from the sale, maturity, disposal or redemption of:        
Fixed maturities 6,711 4,586 4,781  
Equity securities 16 0 64  
Mortgage loans on real estate 703 627 451  
Limited partnerships/corporations 81 82 102  
Acquisition of:        
Fixed maturities (7,225) (4,245) (3,191)  
Mortgage loans on real estate (874) (243) (296)  
Limited partnerships/corporations (233) (246) (113)  
Derivatives, net (29) (86) (65)  
Short-term investments, net 66 66 162  
Short-term loan to affiliate, net (469) 195 (295)  
Increase (Decrease) in Collateral Held under Securities Lending (22) (155) 78  
Receipts on deposit asset contracts 110 204 240  
Other, net 58 0 42  
Net cash provided by (used in) investing activities (861) 1,267 1,934  
Cash Flows from Financing Activities:        
Deposits received for investment contracts 3,514 1,992 1,559  
Maturities and withdrawals from investment contracts (4,035) (3,847) (4,536)  
Dividends paid and distributions of capital (394) (473) (310)  
Proceeds from (Payment for) Other Financing Activity (3) 13 (1)  
Net cash (used in) financing activities (918) (2,315) (3,288)  
Net increase (decrease) in cash and cash equivalents (164) 330 (34)  
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation (352) (516) (186) $ (220)
Supplemental disclosure of cash flow information:        
Income taxes paid (received), net 69 57 (6)  
Contribution of capital 175      
Payments to Acquire Businesses, Net of Cash Acquired 274      
Payments to Acquire Equity Securities, FV-NI $ 28 $ 0 $ 0