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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Adjustments to reconcile net income to net cash provided by operating activities:    
Net Cash Provided by (Used in) Operating Activities $ 1,077 $ 3,821
Cash flows from investing activities:    
Sales of fixed maturity securities available-for-sale 8,072 9,673
Maturities of fixed maturity securities available-for-sale 669 682
Sales of equity securities 7 26
Principal payments and sales of mortgage loans 784 728
Principal payments on policy loans 36 32
Purchases of fixed maturity securities available-for-sale 13,035 13,698
Purchases of equity securities (14) (21)
Cash invested in mortgage loans (1,113) (980)
Cash invested in policy loans 5 8
Cash invested in funds withheld at interest 8 60
Proceeds from sale of businesses, net of cash transferred of $1 and $43 7 19
Purchases of property and equipment (19) (15)
Change in short-term investments (161) 379
Change in other invested assets (15) (93)
Net cash provided by (used in) investing activities (4,795) (3,492)
Cash flows from financing activities:    
Dividends to stockholders (152) (145)
Repayment of collateral finance and securitization notes (181) (74)
Principal payments of long-term debt (153) (402)
Purchases of treasury stock (54) (48)
Change in cash collateral for derivative positions and other arrangements 99 29
Change in deposit asset on reinsurance (32) 14
Deposits on investment-type policies and contracts 5,232 857
Withdrawals on investment-type policies and contracts (1,076) (908)
Payments to Noncontrolling Interests (2) 0
Proceeds from Noncontrolling Interests 90 0
Net cash used in financing activities 4,461 (677)
Effect of exchange rate changes on cash (179) (33)
Change in cash and cash equivalents 564 (381)
Cash and cash equivalents, beginning of period 2,948 3,408
Cash and cash equivalents, end of period 3,512  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3,512 3,027
Supplemental disclosures of cash flow information:    
Interest paid 106 121
Income taxes paid (received), net of refunds 108 313
Transfer of invested assets 494 1,798
Non-cash financing activities:    
Non-cash deposits on reinsurance 0 1,581
Assets acquired, excluding cash acquired 0 847
Liabilities assumed 0 (691)
Assets disposed, net of cash transferred (6) (512)
Liabilities disposed 1 504
Purchase of business, net of cash acquired of $53 0 (156)
Proceeds from long-term debt issuance 700 0
Debt issuance costs $ (10) $ 0