v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net cash provided by (used in) operating activities $ 467 $ 563
Proceeds from the sale, maturity, disposal or redemption of:    
Fixed maturities 4,398 4,115
Equity securities 40 82
Mortgage loans on real estate 618 391
Limited partnerships/corporations 139 107
Acquisition of:    
Fixed maturities (4,142) (3,800)
Equity securities (35) (42)
Mortgage loans on real estate (496) (447)
Limited partnerships/corporations (106) (214)
Short-term investments, net (34) (42)
Derivatives, net 45 (44)
Sales from CIEs 907 664
Purchases within CIEs (1,067) (1,140)
Collateral received (delivered), net 56 (156)
Receipts on deposit asset contracts 53 64
Cash and cash equivalents acquired from business acquisitions, net of cash paid 0 224
Other, net (4) (41)
Net cash provided by (used in) investing activities 372 (279)
Cash Flows from Financing Activities:    
Deposits received for investment contracts 1,778 2,002
Maturities and withdrawals from investment contracts (2,787) (2,723)
Proceeds from issuance of long-term debt, net 446 0
Repayments of long-term debt, including current maturities (447) (400)
Borrowings of CIEs 683 719
Repayments of borrowings of CIEs (720) (831)
Contributions from (distributions to) participants in CIEs, net 543 965
Proceeds from issuance of common stock, net 3 3
Common stock acquired - Share repurchase (300) 0
Dividends paid on preferred stock (21) (21)
Dividends paid on common stock (including dividend equivalent payments of $4 and $3 as of 2026 and 2025, respectively) (90) (90)
Contingent consideration paid 130 34
Other, net (60) (67)
Net cash provided by (used in) financing activities (1,102) (477)
Net increase (decrease) in cash and cash equivalents, including cash in CIEs (263) (193)
Cash and cash equivalents, including cash in CIEs, beginning of period 1,348 1,514
Cash and cash equivalents, including cash in CIEs, end of period 1,085 $ 1,321
Total cash and cash equivalents, including cash in CIEs 1,085  
Excluding consolidated VIEs    
Cash and cash equivalents 1,008  
VIEs    
Cash and cash equivalents $ 77