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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net Cash Provided by (Used in) Operating Activities $ 1,574 $ 163
Cash flows from investing activities    
Sales of fixed maturity securities available-for-sale 1,973 2,608
Purchases of fixed maturity securities available-for-sale 241 228
Proceeds from Sale of Available-for-sale Securities, Equity 1 4
Proceeds from Sale and Collection of Mortgage Notes Receivable 70 188
Payments to Acquire Available-for-sale Securities (3,664) (4,762)
Payments to Acquire Real Estate and Real Estate Joint Ventures (119) (145)
Payments to Acquire Mortgage Notes Receivable (323) (443)
Payments for (Proceeds from) Short-Term Investments (90) (232)
Purchases of property and equipment 29 (58)
Net cash used in investing activities (1,705) (2,235)
Cash flows from financing activities    
Dividends to stockholders (53) (49)
Repayments of Long-term Debt 0 (14)
Increase (Decrease) Cash Collateral from Counterparties 17 (6)
Proceeds from Issuance or Sale of Equity (67) (27)
Purchases of treasury stock 976 2,369
Repayments of Annuities and Investment Certificates (880) (505)
Net change in noncontrolling interest 0 90
Net cash provided by financing activities 497 1,854
Effect of exchange rate changes on cash 1 (21)
Cash and Cash Equivalents, Period Increase (Decrease) 367 (239)
Cash and cash equivalents, beginning of period   2,948
Cash and cash equivalents, end of period 3,294 2,709
Supplemental disclosures of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 43 33
Income Taxes Paid, Net 29 81
Transfer to Investments 109 0
Payments to Acquire Equity Securities, FV-NI (2) 0
Proceeds from Issuance of Long-Term Debt 500 0
Payments of Debt Issuance Costs (6) 0
Repayments of Debt 1 1
Increase (Decrease) in Deposits 11 (3)
Cash and cash equivalents 3,294  
Proceeds from Real Estate and Real Estate Joint Ventures 93 375
Proceeds from Collection of Policy Loans 10 13
Increase (Decrease) in Funds Held under Reinsurance Agreements 81 (5)
Payments to Acquire Property, Plant, and Equipment $ (5) $ (6)