v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 2,154 $ 1,625
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized (gains) losses (17) 59
Amortization of deferred policy acquisition costs 1,325 1,232
Additions to deferred policy acquisition costs (1,442) (1,355)
Depreciation and amortization 219 186
Other operating activities, net 173 169
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable 153 32
Net change in accrued and deferred income taxes (381) (181)
Increase in insurance liabilities 1,657 1,784
Increase (Decrease) in Premiums Receivable (749) (752)
Net change in other assets and other liabilities (858) (523)
Net cash provided by operating activities 2,234 2,276
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, AFS 5,772 4,755
FVO securities 0 109
Equity securities, at fair value 11 125
Mortgage loans 747 733
Limited partnership and other alternative investments 137 115
Payments for the purchase of:    
Fixed maturities, AFS (5,714) (6,090)
Payments for the purchase of Fair Value Option Fixed Maturity Securties (1) (8)
Equity securities, at fair value (83) (16)
Mortgage loans (1,154) (793)
Limited partnership and other alternative investments (523) (445)
Payments for (Proceeds from) Derivative Instrument, Investing Activities 50 22
Net disposals (additions) of property and equipment 84 (78)
Net proceeds from (payments for) short-term investments (47) 524
Other investing activities, net (62) (53)
Net cash used for investing activities (883) (1,144)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 79 63
Withdrawals and other deductions from investment and universal life-type contracts (83) (57)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (35) (33)
Treasury stock acquired, including related excise tax paid (916) (815)
Dividends paid on preferred stock (10) (10)
Dividends paid on common stock (332) (299)
Net cash used for financing activities (1,297) (1,151)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (10) 4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 44 (15)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Discontinued Operation (7) 0
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Continuing Operation 37 (15)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 166 234
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 203 219
Supplemental Disclosure of Cash Flow Information    
Interest paid $ 101 $ 103