Cash flow Statement (Quarterly, GAAP
in millions $) |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
(Sep 30 2022) 9 Months |
Income |
2,179.00 |
1,307.00 |
417.00 |
2,559.00 |
2,065.00 |
Depreciation & amortization |
-114.00 |
-70.00 |
-35.00 |
-40.00 |
-11.00 |
Amortization of Other Assets |
- |
- |
- |
- |
- |
Increase (Decrease) in Deferred Policy Acquisition Costs
|
52.00 |
40.00 |
23.00 |
11.00 |
204.00 |
Restructuring reserve |
- |
- |
- |
- |
- |
Accounting changes |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
Deferred acquisition |
- |
- |
- |
- |
- |
Sale of Assets |
- |
- |
- |
- |
- |
Share-based Compensation |
138.00 |
92.00 |
46.00 |
170.00 |
127.00 |
Income (Loss) from Equity Method Investments |
19.00 |
17.00 |
11.00 |
36.00 |
25.00 |
Financial Instruments and Foreign Currency Transaction |
- |
- |
- |
- |
- |
Other Than Temporary Impairments And Provision For Loan Losses |
-15.00 |
-9.00 |
5.00 |
93.00 |
9.00 |
Deferred Policy Acquisition Costs Period Increase Decrease |
- |
- |
- |
- |
- |
Increase Decrease In Other Investment Net |
- |
- |
- |
- |
- |
Derivatives Collateral Net |
- |
- |
- |
- |
- |
Trading Securities Unrealized Holding Loss |
- |
- |
- |
- |
- |
Derivatives Net Of Collateral |
-431.00 |
-507.00 |
-242.00 |
465.00 |
-41.00 |
Increase Decrease Cash Held By Consolidated Investment Entities |
- |
- |
- |
- |
- |
Increase Decrease Investment Properties Of Consolidated Investment Entities |
- |
- |
- |
- |
- |
Increase Decrease In Broker Deposits |
-615.00 |
-564.00 |
-314.00 |
-168.00 |
28.00 |
Gain Losson Disposition of Businessbefore Affinity Payment |
- |
- |
- |
- |
- |
Increase Decrease In Equity Securities Fv Ni |
-6.00 |
-19.00 |
-9.00 |
8.00 |
3.00 |
Current Income Tax Expense Benefit |
-338.00 |
-405.00 |
80.00 |
1.00 |
2.00 |
Income taxes |
106.00 |
60.00 |
-48.00 |
-4.00 |
177.00 |
Gain (Loss) on Sale of Investments |
47.00 |
2.00 |
-7.00 |
-1.00 |
-5.00 |
Increase (Decrease) in Receivables |
324.00 |
479.00 |
256.00 |
160.00 |
-132.00 |
Increase (Decrease) in Accounts Payable and Accrued Liabilities |
64.00 |
-53.00 |
-219.00 |
-219.00 |
-414.00 |
Accrued expenses |
- |
- |
- |
- |
- |
Increase (Decrease) in Customer Deposits |
- |
- |
- |
- |
- |
Increase (Decrease) in Deferred Income Taxes |
1.00 |
2.00 |
7.00 |
4.00 |
10.00 |
Other Working Capital |
1,228.00 |
1,027.00 |
1,208.00 |
1,724.00 |
1,047.00 |
Employee benefit plans |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-97.00 |
218.00 |
-123.00 |
-79.00 |
-302.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
2,542.00 |
1,617.00 |
1,056.00 |
4,407.00 |
3,190.00 |
Capital Expenditures |
-134.00 |
-84.00 |
-41.00 |
-182.00 |
-126.00 |
Sale of Capital Items |
- |
- |
- |
- |
- |
Short-term Investments Proceeds |
7,386.00 |
4,760.00 |
1,777.00 |
8,927.00 |
6,587.00 |
Payments to Acquire Available-for-sale Securities, Debt |
-15,194.00 |
-11,098.00 |
-5,098.00 |
-22,034.00 |
-15,452.00 |
Real Estate Investments |
-16.00 |
-28.00 |
-35.00 |
-415.00 |
-270.00 |
Payment To Acquire Investments By Consolidated Investment Entities |
-347.00 |
-255.00 |
-122.00 |
-763.00 |
-367.00 |
Proceeds From Sales And Maturities Of Investments By Consolidated Investment Entities |
492.00 |
348.00 |
182.00 |
466.00 |
312.00 |
Change In Reinsurance Deposit Net |
- |
- |
- |
- |
- |
Increase (Decrease) of Restricted Investments |
-107.00 |
213.00 |
-123.00 |
-96.00 |
-246.00 |
Proceeds from Principal Repayments on Loans and Leases Held-for-investment |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits |
549.00 |
387.00 |
200.00 |
505.00 |
359.00 |
Payments for (Proceeds from) Other Investments |
42.00 |
20.00 |
7.00 |
-3.00 |
-27.00 |
Purchases of non-current assets |
- |
- |
- |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
- |
- |
- |
34.00 |
34.00 |
Investment in affiliate |
- |
- |
- |
- |
- |
Sale of businesses |
- |
- |
- |
- |
- |
Proceeds from sale of assets |
- |
- |
- |
- |
- |
Receivables |
-79.00 |
-48.00 |
-11.00 |
-38.00 |
-36.00 |
Payments for (Proceeds from) Other Investing Activities |
-41.00 |
-22.00 |
-5.00 |
-31.00 |
-13.00 |
Other Net |
107.00 |
-213.00 |
123.00 |
96.00 |
246.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-7,342.00 |
-6,020.00 |
-3,146.00 |
-13,583.00 |
-9,241.00 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
202.00 |
106.00 |
-16.00 |
181.00 |
71.00 |
Long-term debt - borrowings |
741.00 |
741.00 |
741.00 |
495.00 |
495.00 |
Long-term debt - repayments |
-8.00 |
-5.00 |
-2.00 |
-510.00 |
-507.00 |
Noncontrolling interest |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-1,660.00 |
-1,115.00 |
-617.00 |
-1,978.00 |
-1,490.00 |
Exercise of stock options |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
- |
- |
Deposits, Annuities, Contract Holders Funds |
2,160.00 |
2,297.00 |
1,472.00 |
6,595.00 |
6,950.00 |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-5,460.00 |
-6,002.00 |
-6,987.00 |
-5,563.00 |
-8,686.00 |
Policyholder And Contractholder Account Values Net Transfer From To Separate Accounts |
-89.00 |
-55.00 |
-19.00 |
-128.00 |
-90.00 |
Borrowings Of Consolidated Investment Entities |
- |
- |
- |
341.00 |
- |
Repayments Of Debt Of Consolidated Investment Entities |
-197.00 |
-95.00 |
-31.00 |
-1.00 |
-1.00 |
Statement Line Items |
- |
- |
- |
- |
- |
Liabilities Assumed |
- |
- |
- |
- |
- |
Dividends And Interest Paid |
- |
- |
- |
- |
- |
Cash and Cash Equivalentsincluding Disposal Group Period Increase Decrease |
- |
- |
- |
- |
- |
Cash and Cash Equivalents of Disposal Group Period Increase Decrease |
- |
- |
- |
- |
- |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents |
8,755.00 |
8,755.00 |
8,755.00 |
9,569.00 |
9,569.00 |
Dividends paid to minority interests |
- |
- |
- |
- |
- |
Dividends paid |
-414.00 |
-275.00 |
-134.00 |
-534.00 |
-401.00 |
Net Cash flow from
Financing Activities |
4,030.00 |
4,352.00 |
3,162.00 |
8,430.00 |
6,213.00 |
Effect of exchange rate on cash flow |
6.00 |
28.00 |
11.00 |
-68.00 |
-116.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
2,408.00 |
1,533.00 |
1,015.00 |
4,225.00 |
3,064.00 |
Total Cash Flow |
-764.00 |
-23.00 |
1,083.00 |
-814.00 |
46.00 |
Cash & cash equiv. at beg.
of the Year |
7,010.00 |
7,343.00 |
8,386.00 |
6,964.00 |
7,819.00 |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
152.00 |
- |
Cash Income taxes paid |
796.00 |
684.00 |
33.00 |
500.00 |
367.00 |