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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities:    
Net earnings $ 589 $ 622
Adjustments:    
Depreciation and amortization 60 78
Realized (gains) losses on investing activities 69 136
Net purchases of trading securities (3) (2)
Change in:    
Reinsurance and other receivables (1,799) (1,830)
Other assets (63) (163)
Insurance claims and reserves 1,668 1,737
Payable to reinsurers 363 446
Other liabilities 357 16
Managed investment entities’ assets/liabilities 26 133
Other operating activities, net (53) (130)
Net cash provided by operating activities 1,214 1,043 Close
Purchases of:    
Fixed maturities (1,463) (3,733)
Equity securities (101) (194)
Mortgage loans 0 (273)
Other investments (109) (96)
Real estate, property and equipment (40) (72)
Businesses (234) (10)
Proceeds from:    
Maturities and redemptions of fixed maturities 1,047 2,126
Repayments of mortgage loans 33 117
Sales of fixed maturities 551 1,068
Sales of equity securities 95 112
Sales of other investments 49 128
Sales of real estate, property and equipment 2 31
Cash and cash equivalents of businesses acquired 26 0
Managed investment entities:    
Purchases of investments (1,223) (1,061)
Proceeds from sales and redemptions of investments 1,832 801
Other investing activities, net (6) (6)
Net cash provided by (used in) investing activities 459 (1,062) Close
Financing Activities:    
Reductions of long-term debt (21) (436)
Issuances of Common Stock 11 12
Repurchases of Common Stock (153) (10)
Cash dividends paid on Common Stock (498) (989)
Issuances of managed investment entities’ liabilities 621 666
Retirements of managed investment entities’ liabilities (1,284) (561)
Net cash used in financing activities (1,324) (1,318) Close
Net Change in Cash and Cash Equivalents 349 (1,337) Close
Cash and cash equivalents at beginning of period 872 2,131
Cash and cash equivalents at end of period $ 1,221 $ 794