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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income attributable to common shareholders $ 19 $ 347
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest (1) (1)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total 21 348
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 1 1
Amortization of bond premium and discount (10) (8)
Share-based compensation 12 13
Unearned premiums, net (46) (47)
Losses and loss expenses, net 66 (328)
Ceded premiums payable 56 0
Premium receivables (8) 57
Accrued interest payable (13) 72
Amortization of Intangible Assets 21 34
Net investment gains (losses), including impairments 7 (31)
Variable interest entity activities 0 (14)
Derivative assets and liabilities 21 (62)
Other, net (14) 83
Net Cash Provided by (Used in) Operating Activities, Total 112 59
Proceeds from Sale of Debt Securities, Available-for-Sale 113 454
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Proceeds from matured bonds 58 83
Purchases of bonds (291) (273)
Proceeds from sales of other invested assets 189 142
Purchases of other invested assets (62) (99)
Change in short-term investments 125 (58)
Change in cash collateral (29) 60
Proceeds from paydowns of consolidated VIE assets 161 126
Other, net 8 0
Net cash provided by (used in) investing activities 521 435
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Tax payments related to shares withheld for share-based compensation plans (5) (4)
Proceeds from (Payments to) Noncontrolling Interests (1) 1
Payments of consolidated VIE liabilities (285) (404)
Net cash used in financing activities (392) (479)
Effect of foreign exchange on cash, cash equivalents and restricted cash 0 (1)
Net cash flow 241 14
Cash, cash equivalents, and restricted cash at beginning of period 61 23
Cash, cash equivalents, and restricted cash at end of period 302 38
Change in cash collateral (29) 60
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 (5) (14)
Payments to Acquire Businesses, Net of Cash Acquired (7)  
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 254 0
Change in cash collateral $ 254 $ 0