v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation $ 2,873 $ 1,429
Cash flows from investing activities    
Sales of fixed maturity securities available-for-sale 9,596 7,187
Purchases of fixed maturity securities available-for-sale (13,149) (8,512)
Maturities of fixed maturity securities available-for-sale 326 217
Sales of equity securities 16 0
Principal payments on mortgage loans 373 163
Cash invested in mortgage loans (603) (635)
Net deposits in funds withheld at interest 82 120
Sales of limited partnerships and real estate joint ventures 136 52
Purchases of limited partnerships and real estate joint ventures (436) (239)
Sales of short-term investments 251 200
Purchases of short-term investments (358) (394)
Maturities of short-term investments 140 110
Change in other invested assets 84 (8)
Other, net 13 28
Net cash used in investing activities (3,697) (1,695)
Cash flows from financing activities    
Dividends to shareholders (61) (59)
Proceeds from long-term debt issuance, net 395 691
Principal payments of long-term debt 1 1
Purchases of treasury stock (94) (38)
Proceeds from Issuance or Sale of Equity 5 0
Change in cash collateral for derivatives and repurchase/reverse repurchase agreements (199) (8)
Change in deposit asset on reinsurance 43 50
Deposits on investment-type policies and contracts 2,990 2,559
Withdrawals on investment-type policies and contracts (1,412) (1,127)
Net cash provided by financing activities 1,666 2,067
Effect of exchange rate changes on cash (17) 24
Cash and Cash Equivalents, Period Increase (Decrease) 825 1,825
Cash and cash equivalents, beginning of period   3,326
Cash and cash equivalents, end of period 4,993 5,151
Cash and cash equivalents 4,993  
Supplemental disclosures of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activity 87 61
Income Tax Paid, after Refund Received 37 63
Transfer to Investments $ 4,619 $ 4,707