XML 16 R8.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net earnings $ 12,832 $ 35,757
Adjustments to reconcile net earnings (loss) to operating cash flows:    
Investment (gains) losses (1,876) (34,758)
Depreciation and amortization 3,168 3,051
Other (2,863) (1,293)
Changes in operating assets and liabilities:    
Unpaid losses and loss adjustment expenses 117 22
Deferred charges - retroactive reinsurance 177 172
Unearned premiums 1,494 1,686
Receivables and originated loans 469 (922)
Inventories 516 (15)
Other assets (415) (987)
Other liabilities (5,486) 2,649
Income taxes 2,433 8,629
Net cash flows from operating activities 10,566 8,693 Close
Cash flows from investing activities:    
Purchases of equity securities (2,691) (2,873)
Sales of equity securities 19,972 13,283
Purchases of U.S. Treasury Bills and fixed maturity securities (103,167) (45,515)
Sales of U.S. Treasury Bills and fixed maturity securities 7,452 12,982
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 80,114 25,364
Acquisitions of businesses, net of cash acquired (327) (7,629)
Purchases of property, plant and equipment and equipment held for lease (4,393) (3,713)
Other (163) 182
Net cash flows from investing activities (3,203) (7,919) Close
Cash flows from financing activities:    
Changes in short term borrowings, net (2,612) 1,098
Acquisitions of treasury stock (2,562) (4,450)
Other, principally transactions with noncontrolling interests (2,664) (380)
Net cash flows from financing activities (9,802) (9,922) Close
Effects of foreign currency exchange rate changes (44) (47) Close
Increase (decrease) in cash and cash equivalents and restricted cash (2,483) (9,101) Close
Cash and cash equivalents and restricted cash at the beginning of the year 38,643 36,399
Cash and cash equivalents and restricted cash at the end of the first quarter 36,160 27,298
Restricted cash, included in other assets at the beginning of the year 621 588
Restricted cash, included in other assets at the end of the first quarter $ 611 $ 551
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Other
Insurance and Other [Member]    
Cash flows from financing activities:    
Repayments of borrowings $ (1,142) $ (4,946)
Cash and cash equivalents at beginning of the year 33,672 [1] 32,260
Cash and cash equivalents at the end of the first quarter 28,891 [1] 23,805
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 5,084  
Repayments of borrowings (5,906) (1,244)
Cash and cash equivalents at beginning of the year 4,350 [1] 3,551
Cash and cash equivalents at the end of the first quarter $ 6,658 [1] $ 2,942
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $4.0 billion at March 31, 2024 and $4.8 billion at December 31, 2023.