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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net Cash Provided by (Used in) Operating Activities $ 1,818 $ 242
Cash flows from investing activities    
Sales of fixed maturity securities available-for-sale 3,420 6,018
Purchases of fixed maturity securities available-for-sale 454 419
Proceeds from Sale of Available-for-sale Securities, Equity 1 4
Proceeds from Sale and Collection of Mortgage Notes Receivable 167 552
Payments to Acquire Available-for-sale Securities (5,999) (9,278)
Payments to Acquire Real Estate and Real Estate Joint Ventures (295) (315)
Payments to Acquire Mortgage Notes Receivable (640) (834)
Payments for (Proceeds from) Short-Term Investments (67) (200)
Purchases of property and equipment 32 (88)
Net cash used in investing activities (2,488) (3,211)
Cash flows from financing activities    
Dividends to shareholders (107) (98)
Repayments of Long-term Debt 0 (29)
Increase (Decrease) Cash Collateral from Counterparties (24) 143
Proceeds from Issuance or Sale of Equity (119) (27)
Purchases of treasury stock 1,449 3,424
Repayments of Annuities and Investment Certificates (1,743) (783)
Net change in noncontrolling interest 0 89
Net cash provided by financing activities 368 2,685
Effect of exchange rate changes on cash (27) (108)
Cash and Cash Equivalents, Period Increase (Decrease) (329) (392)
Cash and cash equivalents, beginning of period   2,948
Cash and cash equivalents, end of period 2,598 2,556
Supplemental disclosures of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 97 72
Income Taxes Paid, Net 161 119
Transfer to Investments 698 494
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) 0 (6)
Noncash or Part Noncash Acquisition, Other Liabilities Assumed 0 1
Cash Divested from Deconsolidation   1
Payments to Acquire Equity Securities, FV-NI (4) (5)
Proceeds from Issuance of Long-Term Debt 900 0
Payments of Debt Issuance Costs (10) 0
Repayments of Debt 2 2
Increase (Decrease) in Deposits 24 (32)
Cash and cash equivalents 2,598  
Proceeds from Real Estate and Real Estate Joint Ventures 231 509
Proceeds from Collection of Policy Loans 29 16
Increase (Decrease) in Funds Held under Reinsurance Agreements 195 (4)
Payments to Acquire Property, Plant, and Equipment (12) (12)
Proceeds from Divestiture of Businesses, Net of Cash Divested $ 0 $ 7