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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net Cash Provided by (Used in) Operating Activities $ 2,818 $ 1,077
Cash flows from investing activities    
Sales of fixed maturity securities available-for-sale 5,832 8,072
Purchases of fixed maturity securities available-for-sale 753 669
Proceeds from Sale of Available-for-sale Securities, Equity 1 7
Proceeds from Sale and Collection of Mortgage Notes Receivable 265 784
Payments to Acquire Available-for-sale Securities (8,751) (13,035)
Payments to Acquire Real Estate and Real Estate Joint Ventures (413) (465)
Payments to Acquire Mortgage Notes Receivable (962) (1,113)
Payments for (Proceeds from) Short-Term Investments 24 (161)
Purchases of property and equipment 21 (129)
Net cash used in investing activities (2,592) (4,795)
Cash flows from financing activities    
Dividends to shareholders (163) (152)
Repayments of Long-term Debt 0 (181)
Increase (Decrease) Cash Collateral from Counterparties 300 99
Proceeds from Issuance or Sale of Equity (169) (54)
Purchases of treasury stock 1,884 5,232
Repayments of Annuities and Investment Certificates (2,652) (1,076)
Net change in noncontrolling interest 0 88
Net cash (used) provided by financing activities (271) 4,461
Effect of exchange rate changes on cash (62) (179)
Cash and Cash Equivalents, Period Increase (Decrease) (107) 564
Cash and cash equivalents, beginning of period   2,948
Cash and cash equivalents, end of period 2,820 3,512
Supplemental disclosures of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 146 106
Income Taxes Paid, Net 240 108
Transfer to Investments 1,459 494
Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) 0 (6)
Noncash or Part Noncash Acquisition, Other Liabilities Assumed 0 1
Payments to Acquire Equity Securities, FV-NI (4) (14)
Proceeds from Issuance of Long-Term Debt 900 700
Payments of Debt Issuance Costs (10) (10)
Repayments of Debt 402 153
Increase (Decrease) in Deposits 41 (32)
Cash and cash equivalents 2,820  
Proceeds from Real Estate and Real Estate Joint Ventures 328 579
Proceeds from Collection of Policy Loans 51 31
Increase (Decrease) in Funds Held under Reinsurance Agreements 283 (8)
Payments to Acquire Property, Plant, and Equipment (20) (19)
Proceeds from Divestiture of Businesses, Net of Cash Divested $ 0 $ 7