Cash flow Statement (Annual, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Dec 31 2022) 12 Months |
(Dec 31 2021) 12 Months |
(Dec 31 2020) 12 Months |
(Dec 31 2019) 12 Months |
Income |
1,643.00 |
2,026.00 |
-24.00 |
-349.00 |
-1,436.00 |
Depreciation & amortization |
- |
- |
- |
- |
- |
Amortization of Other Assets |
- |
- |
- |
- |
- |
Extraordinary Item, Gain (Loss), Insurance Assets, Accretion Expense
|
-2,447.00 |
-1,948.00 |
-1,952.00 |
-1,071.00 |
-900.00 |
Restructuring & Impairment Charges |
- |
- |
- |
- |
- |
Provision for Loan, Lease, and Other Losses |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
R & D, Environmental and Other Expense |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Business |
-1.00 |
7.00 |
-3.00 |
69.00 |
133.00 |
Employee Benefits and Share-based Compensation |
- |
- |
- |
- |
- |
Income (Loss) from Equity Method Investments |
- |
- |
- |
- |
- |
Financial Instruments and Foreign Currency Transaction |
- |
- |
- |
- |
- |
Interest Credited To Policyholders Account Balances |
2,083.00 |
1,409.00 |
1,219.00 |
1,222.00 |
1,241.00 |
Insurance Commissions And Fees |
-2,380.00 |
-3,241.00 |
-3,637.00 |
-3,735.00 |
-3,738.00 |
Derivative Gain Loss On Derivative Net |
2,397.00 |
-1,696.00 |
4,465.00 |
1,722.00 |
4,000.00 |
Amortization Of Reinsurance Costs |
- |
- |
- |
- |
- |
Increase Decrease In Reinsurance Recoverable With Affiliate |
- |
- |
- |
- |
- |
Pension Expense Reversal Of Expense Noncash |
- |
- |
- |
- |
- |
Depreciation Amortization |
- |
- |
- |
- |
- |
Equity Income Loss From Limited Partnerships |
-125.00 |
-146.00 |
-553.00 |
-83.00 |
-92.00 |
Net Investment Net Realized And Unrealized Gain Loss On Trading Securities |
-77.00 |
198.00 |
26.00 |
-659.00 |
-502.00 |
Increase Decrease In Cash And Securities Segregated Under Federal And Other Regulations |
655.00 |
- |
- |
- |
- |
Income taxes |
-1,163.00 |
372.00 |
-451.00 |
-571.00 |
-108.00 |
Gain (Loss) on Investments |
493.00 |
631.00 |
-863.00 |
-872.00 |
-206.00 |
Accounts Receivable |
-676.00 |
475.00 |
95.00 |
877.00 |
-125.00 |
Increase (Decrease) in Payables under Repurchase Agreements |
- |
- |
- |
- |
-573.00 |
Accrued Expense |
- |
- |
- |
- |
- |
Deferred Revenue and Customer Advances and Deposits |
- |
- |
- |
- |
- |
Prepaid Expense and Other Assets |
- |
- |
- |
- |
- |
Other Working Capital |
329.00 |
44.00 |
-299.00 |
1,953.00 |
947.00 |
Other Noncash Income (Expense) |
-239.00 |
-92.00 |
476.00 |
-209.00 |
-162.00 |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-700.00 |
1,110.00 |
745.00 |
1,645.00 |
1,305.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
-208.00 |
-851.00 |
-756.00 |
-61.00 |
-216.00 |
Capital Expenditures |
- |
- |
- |
- |
- |
Sale of Capital Items |
- |
- |
- |
- |
- |
Short-term Investments Proceeds |
11,044.00 |
14,620.00 |
34,503.00 |
19,385.00 |
13,194.00 |
Short-term Investments Acq. |
-13,332.00 |
371.00 |
5,159.00 |
2,162.00 |
10,717.00 |
Payments for (Proceeds from) Derivative Instrument, Investing Activities |
-1,335.00 |
-316.00 |
-5,937.00 |
1,166.00 |
-954.00 |
Investment In Capitalized Software Leasehold Improvements And Edp Equipment |
- |
-167.00 |
-120.00 |
-107.00 |
-93.00 |
Proceeds From Sale And Maturity At Fair Value Using The Fair Value Option |
- |
525.00 |
763.00 |
7.00 |
- |
Payments To Acquire Fixed Maturities At Fair Value Using The Fair Value Option |
- |
-488.00 |
-1,792.00 |
-311.00 |
- |
Proceeds From Sale And Maturity At Fair Value Using Fair Value Option |
483.00 |
- |
- |
- |
- |
Payments To Acquire Fixed Maturities At Fair Value Using Fair Value Option |
-592.00 |
- |
- |
- |
- |
Investment In Capitalized Software Leasehold Improvements And E D P Equipment |
-117.00 |
- |
- |
- |
- |
Restricted Cash and Investments Increase (Decrease) |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Loans |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investments |
-140.00 |
-600.00 |
-837.00 |
-162.00 |
-124.00 |
Payments for (Proceeds from) Federal Reserve and Federal Home Loan Bank |
- |
- |
- |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
- |
40.00 |
- |
- |
- |
Proceeds from Divestiture of Interest in Joint Venture |
- |
- |
- |
55.00 |
5.00 |
Proceeds from Sales of Business, Affiliate and Productive Assets |
- |
- |
215.00 |
164.00 |
- |
Accounts payable |
- |
- |
- |
- |
- |
Receivables |
-1,800.00 |
-2,529.00 |
-850.00 |
-1,117.00 |
-288.00 |
Payments for (Proceeds from) Other Investing Activities |
-25.00 |
80.00 |
-205.00 |
-160.00 |
-220.00 |
Other Net |
963.00 |
-19,023.00 |
-43,588.00 |
-28,905.00 |
-30,733.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-4,851.00 |
-7,487.00 |
-12,689.00 |
-7,823.00 |
-8,496.00 |
Short-term debt Net |
-504.00 |
147.00 |
92.00 |
- |
-606.00 |
Other borrowing transactions |
116.00 |
- |
- |
- |
- |
Long-term debt - borrowings |
497.00 |
- |
-280.00 |
- |
- |
Long-term debt - repayments |
- |
-43.00 |
- |
- |
-300.00 |
Federal Home Loan Bank and Federal Funds |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-919.00 |
-849.00 |
-1,637.00 |
-430.00 |
-1,300.00 |
Partnership and Parent Transactions |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
-334.00 |
-401.00 |
-99.00 |
190.00 |
519.00 |
Deposits, Annuities, Contract Holders Funds |
7,083.00 |
9,405.00 |
10,452.00 |
7,114.00 |
8,224.00 |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-10.00 |
6.00 |
-31.00 |
35.00 |
-603.00 |
Transferto from Separate Accounts |
- |
1,447.00 |
1,985.00 |
2,452.00 |
1,769.00 |
Increase Decrease In Collateralized Pledged Assets |
-49.00 |
36.00 |
34.00 |
-139.00 |
-71.00 |
Increase Decrease In Collateralized Pledged Liabilities |
2,354.00 |
-1,575.00 |
1,413.00 |
848.00 |
1,361.00 |
Proceeds From Payments For Repurchase Of Redeemable Noncontrolling Interest |
- |
- |
- |
- |
- |
Payments To Acquire Noncontrolling Interests |
- |
- |
- |
- |
- |
Payments To Redemptions From Noncontrolling Interests |
274.00 |
52.00 |
346.00 |
-210.00 |
169.00 |
Purchase Of Noncontrolling Interests For Share Based Compensation Plan |
-144.00 |
-211.00 |
-262.00 |
-149.00 |
-172.00 |
Proceeds From Issuance Of Debt Consolidated Variable Interest Entity |
- |
6.00 |
873.00 |
313.00 |
- |
Annuities And Investment Certificates Transfer To From Separate Accounts |
1,359.00 |
- |
- |
- |
- |
Payments Of Market Risk Benefits |
-744.00 |
- |
- |
- |
- |
Proceeds From Collateralized Loan Obligations |
40.00 |
- |
- |
- |
- |
Proceeds From Payments For Issuance Of Debt Consolidated Variable Interest Entity |
362.00 |
- |
- |
- |
- |
Payments of Ordinary Dividends, Preferred Stock and Preference Stock |
-80.00 |
-80.00 |
-79.00 |
-53.00 |
- |
Dividends paid |
-301.00 |
-294.00 |
-296.00 |
-297.00 |
-285.00 |
Net Cash flow from
Financing Activities |
9,000.00 |
7,646.00 |
12,511.00 |
9,674.00 |
8,705.00 |
Effect of exchange rate on cash flow |
23.00 |
-159.00 |
-39.00 |
23.00 |
-65.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
-208.00 |
-851.00 |
-756.00 |
-61.00 |
-216.00 |
Total Cash Flow |
3,964.00 |
-748.00 |
-952.00 |
1,813.00 |
1.00 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
- |
- |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
215.00 |
273.00 |
Cash Income taxes paid |
266.00 |
89.00 |
305.00 |
-173.00 |
-506.00 |