v3.25.4
Schedule II - Cash Flow Statement (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Condensed Cash Flow Statements, Captions [Line Items]      
Net cash provided by (used in) operating activities $ 2,021 $ 2,151 $ 3,357
Cash flows from investing activities:      
Sales of divested businesses 0 577 747
Net change in derivative assets and liabilities (820) 119 (884)
Net cash used in investing activities (13,332) (11,536) (5,476)
Cash flows from financing activities:      
Dividends paid on common stock (511) (544) (1,722)
Repayments of short-term debt (1,101) (250) (1,250)
Issuance of common stock 0 1 0
Repurchase of common stock 51 70 96
Issuance of preferred stock 493 0 0
Other, net [1] (599) (267) 139
Net cash provided by (used in) financing activities 10,939 9,580 2,114
Cash and restricted cash at beginning of year 824 628 633
Cash and restricted cash at end of year 453 824 628
Supplementary Disclosure of Consolidated Cash Flow Information      
Cash 447 [2] 806 [2] 612
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows 453 824 628
Income tax 192 252 20
Parent Company      
Condensed Cash Flow Statements, Captions [Line Items]      
Net cash provided by (used in) operating activities 3,106 1,548 1,532
Cash flows from investing activities:      
Contributions to subsidiaries 0 (200) 0
Return of capital from subsidiaries 175 0 0
Sales of divested businesses 0 577 752
Net change in short-term investments (109) (630) (95)
Net change in derivative assets and liabilities 0 0 (3)
Net cash used in investing activities 66 (253) 654
Cash flows from financing activities:      
Dividends paid on common stock (511) (544) (1,722)
Issuance of long-term debt 0 1,329 1,240
Issuance of short-term debt 0 30 0
Repayments of short-term debt (1,000) (280) (1,250)
Issuance of common stock 0 1 0
Repurchase of common stock (2,118) (1,792) (498)
Other, net (36) (39) 35
Net cash provided by (used in) financing activities (3,172) (1,295) (2,195)
Net increase (decrease) in cash and restricted cash 0 0 (9)
Cash and restricted cash at beginning of year 0 0 9
Cash and restricted cash at end of year 0 0 0
Supplementary Disclosure of Consolidated Cash Flow Information      
Cash 0 0 0
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows 0 0 0
Income tax $ 8 $ (32) $ 259
[1] 2025 includes an outflow of $0.6 billion of cash related to the individual variable annuity business reinsured to Corporate Solutions Life Reinsurance Company.
[2] See Note 8 for details of balances associated with variable interest entities