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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income attributable to common shareholders $ (47) $ 7
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest (1) 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total (46) 8
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 1 1
Amortization of bond premium and discount (6) (6)
Share-based compensation 8 10
Unearned premiums, net (51) (25)
Losses and loss expenses, net 144 (13)
Ceded premiums payable 57 11
Premium receivables (7) 12
Accrued interest payable (26) 48
Amortization of Intangible Assets 13 28
Net investment gains (losses), including impairments 8 (17)
Variable interest entity activities 1 (15)
Derivative assets and liabilities 25 (54)
Other, net (21) 81
Net Cash Provided by (Used in) Operating Activities, Total 101 11
Proceeds from Sale of Debt Securities, Available-for-Sale 107 387
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Proceeds from matured bonds 31 69
Purchases of bonds (226) (189)
Proceeds from sales of other invested assets 108 108
Purchases of other invested assets (42) (74)
Change in short-term investments 170 (2)
Change in cash collateral (37) 56
Proceeds from paydowns of consolidated VIE assets 113 83
Other, net 10 2
Net cash provided by investing activities 489 440
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Tax payments related to shares withheld for share-based compensation plans (8) (3)
Proceeds from (Payments to) Noncontrolling Interests (1) 1
Payments of consolidated VIE liabilities (235) (359)
Net cash used in financing activities (343) (434)
Effect of foreign exchange on cash, cash equivalents and restricted cash 1 (1)
Net cash flow 248 16
Cash, cash equivalents, and restricted cash at beginning of period 61 23
Cash, cash equivalents, and restricted cash at end of period 309 39
Change in cash collateral (37) 56
Net realized gains on extinguishment of debt 0 (57)
Payment for Debt Extinguishment or Debt Prepayment Cost 0 (58)
Treasury Stock, Value, Acquired, Cost Method (3) (14)
Tier 2 Notes    
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Repayments of Secured Debt (97) 0
Repayments of Secured Debt 97 0
Variable Interest Entity, Primary Beneficiary [Member]    
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Change in cash collateral 256 0
Change in cash collateral $ 256 $ 0