XML 16 R8.htm IDEA: XBRL DOCUMENT v3.24.3Close
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 69,810 $ 59,389
Adjustments to reconcile net earnings to operating cash flows:    
Investment (gains) losses (46,247) (38,041)
Depreciation and amortization 9,572 9,357
Other (7,181) (5,556)
Changes in operating assets and liabilities:    
Unpaid losses and loss adjustment expenses 2,885 848
Deferred charges - retroactive reinsurance 610 605
Unearned premiums 2,510 3,091
Receivables and originated loans (1,747) (2,861)
Inventories 232 275
Other assets (1,549) (860)
Other liabilities (1,729) 693
Income taxes (1,195) 7,856
Net cash flows from operating activities 25,971 34,796 Close
Cash flows from investing activities:    
Purchases of equity securities (5,809) (9,142)
Sales of equity securities 133,218 32,786
Purchases of U.S. Treasury Bills and fixed maturity securities (385,224) (178,503)
Sales of U.S. Treasury Bills and fixed maturity securities 30,755 44,325
Redemptions and maturities of U.S. Treasury Bills and fixed maturity securities 226,901 106,879
Acquisitions of businesses, net of cash acquired (362) (8,564)
Purchases of property, plant and equipment and equipment held for lease (13,629) (13,701)
Other (405) 608
Net cash flows from investing activities (14,555) (25,312) Close
Cash flows from financing activities:    
Changes in short term borrowings, net (3,407) 252
Acquisitions of treasury stock (2,918) (6,978)
Other, principally transactions with noncontrolling interests (4,984) (4,292)
Net cash flows from financing activities (12,013) (14,269) Close
Effects of foreign currency exchange rate changes (54) (10) Close
Increase (decrease) in cash and cash equivalents and restricted cash (651) (4,795) 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 third quarter 37,992 31,604
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 third quarter $ 811 $ 764
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Other
Insurance and Other [Member]    
Cash flows from financing activities:    
Proceeds from borrowings $ 2,689 $ 1,306
Repayments of borrowings (1,964) (5,657)
Cash and cash equivalents at beginning of the year 33,672 [1] 32,260
Cash and cash equivalents at the end of the third quarter 32,287 [1] 25,573
Railroad, Utilities and Energy [Member]    
Cash flows from financing activities:    
Proceeds from borrowings 6,617 5,013
Repayments of borrowings (8,046) (3,913)
Cash and cash equivalents at beginning of the year 4,350 [1] 3,551
Cash and cash equivalents at the end of the third quarter $ 4,894 [1] $ 5,267
[1] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $3.6 billion at September 30, 2024 and $4.8 billion at December 31, 2023.