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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net Cash Provided by (Used in) Operating Activities $ 2,249 $ 6,703
Cash flows from investing activities    
Sales of fixed maturity securities available-for-sale 11,104 14,601
Purchases of fixed maturity securities available-for-sale (13,320) (22,247)
Maturities of fixed maturity securities available-for-sale 621 843
Sales of equity securities 4 4
Purchases of equity securities 0 (11)
Principal payments on mortgage loans 349 290
Cash invested in mortgage loans (1,511) (630)
Deposits in funds withheld at interest 215 175
Sales of limited partnerships and real estate joint ventures 271 118
Purchases of limited partnerships and real estate joint ventures (475) (254)
Sales of short-term investments 511 253
Purchases of short-term investments (969) (458)
Maturities of short-term investments 346 115
Change in other invested assets (27) 9
Other, net 9 16
Net cash used in investing activities (2,872) (7,176)
Cash flows from financing activities    
Dividends to shareholders (118) (112)
Proceeds from long-term debt issuance, net 691 640
Principal payments of long-term debt 2 2
Purchase of treasury stock (38) (19)
Change in cash collateral for derivatives and other arrangements 130 33
Change in deposit asset on reinsurance 105 151
Deposits on investment-type policies and contracts 3,929 4,120
Withdrawals on investment-type policies and contracts (2,090) (2,586)
Net cash provided by financing activities 2,607 2,225
Effect of exchange rate changes on cash 106 (126)
Cash and Cash Equivalents, Period Increase (Decrease) 2,090 1,626
Cash and cash equivalents, beginning of period   2,970
Cash and cash equivalents 5,416  
Cash and cash equivalents, end of period 5,416 4,596
Supplemental disclosures of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 115 103
Income Taxes Paid, Net 107 41
Transfer to Investments 4,707 6,165
Operating Lease, Right-of-Use Asset, Periodic Reduction $ 8 $ 0