Cash flow Statement (Quarterly, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
Income |
-58.00 |
241.00 |
-65.00 |
-195.00 |
-314.00 |
Depreciation & amortization |
412.00 |
302.00 |
194.00 |
90.00 |
-51.00 |
Amortization of Other Assets |
- |
- |
- |
- |
- |
Increase (Decrease) in Reinsurance Recoverable
|
94.00 |
106.00 |
-27.00 |
- |
-35.00 |
Restructuring & Impairment Charges |
- |
- |
- |
- |
- |
Provision for Loan, Lease, and Other Losses |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
R & D, Environmental and Other Expense |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets |
- |
- |
- |
- |
- |
Allocated Share Based Compensation Expense |
23.00 |
16.00 |
11.00 |
5.00 |
3.00 |
Proceeds from Equity Method Investment, Dividends or Distributions |
104.00 |
73.00 |
45.00 |
19.00 |
- |
Financial Instruments and Foreign Currency Transaction |
- |
- |
- |
- |
- |
Formation Expenses Paid By Sponsor |
389.00 |
324.00 |
182.00 |
- |
- |
Interest Credited To Policy Owner Account |
607.00 |
857.00 |
463.00 |
31.00 |
855.00 |
Net Recognized Gains On Investments And Derivatives |
-771.00 |
-518.00 |
-251.00 |
692.00 |
-478.00 |
Charges Assessed To Contract Holders For Mortality And Administration |
-184.00 |
-122.00 |
-58.00 |
-38.00 |
-96.00 |
Collateral Returned Posted |
-160.00 |
-96.00 |
-57.00 |
-272.00 |
279.00 |
Income taxes |
-4.00 |
79.00 |
14.00 |
-13.00 |
-11.00 |
Unrealized Gain (Loss) on Investments |
-347.00 |
-131.00 |
-377.00 |
-166.00 |
280.00 |
Accounts Receivable |
- |
- |
- |
- |
- |
Accounts Payable |
- |
- |
- |
- |
- |
Accrued Expense |
- |
- |
- |
- |
- |
Deferred Revenue and Customer Advances and Deposits |
- |
- |
- |
- |
- |
Increase (Decrease) in Deferred Income Taxes |
- |
- |
- |
- |
- |
Other Working Capital |
5,202.00 |
3,065.00 |
2,548.00 |
1,359.00 |
-96.00 |
Other Noncash Items |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
95.00 |
-20.00 |
29.00 |
59.00 |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
5,834.00 |
3,612.00 |
2,817.00 |
1,437.00 |
-224.00 |
Capital Expenditures |
- |
- |
- |
- |
- |
Sale of Capital Items |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Short-term Investments, Total |
-28.00 |
1,399.00 |
1,219.00 |
785.00 |
1,319.00 |
Payments to Acquire Available-for-sale Securities, Debt |
-13,345.00 |
-10,193.00 |
-6,907.00 |
-3,900.00 |
-1,942.00 |
Real Estate Investments |
- |
- |
- |
- |
- |
Proceeds From Payments Of Principal Deposited In Trust Account |
-21.00 |
-14.00 |
-6.00 |
- |
- |
Proceedsfrompaymentsofprincipaldepositedintrustaccount |
- |
- |
- |
- |
- |
Proceeds from Collection of Paymentsto Fund Loans and Investmentsto Related Parties |
- |
- |
- |
- |
- |
Restricted Cash and Investments Increase (Decrease) |
- |
- |
- |
- |
- |
Payments to Acquire Loans Receivable |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investments |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Federal Reserve and Federal Home Loan Bank |
- |
- |
- |
- |
- |
Acquisition Net of Cash Acquired |
- |
- |
- |
- |
- |
Interest in Subsidiaries and Affiliates |
-797.00 |
-625.00 |
-464.00 |
-202.00 |
-96.00 |
Sale of businesses |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Proceeds from Sale of Loans Receivable |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investing Activities |
- |
- |
- |
- |
- |
Other Net |
5,279.00 |
3,786.00 |
1,920.00 |
915.00 |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-8,918.00 |
-5,654.00 |
-4,246.00 |
-2,408.00 |
-724.00 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
-16.00 |
-8.00 |
-9.00 |
-10.00 |
- |
Long-term debt - borrowings |
845.00 |
500.00 |
500.00 |
500.00 |
- |
Long-term debt - repayments |
-185.00 |
-35.00 |
-35.00 |
-35.00 |
- |
Federal Home Loan Bank and Federal Funds |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-18.00 |
-18.00 |
-16.00 |
- |
10.00 |
Partnership and Parent Transactions |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
- |
- |
Deposits, Annuities, Contract Holders Funds |
3,162.00 |
2,460.00 |
1,767.00 |
1,165.00 |
867.00 |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Warrants Tendered |
- |
- |
- |
- |
- |
Deferred Sales Inducements Period Increase Decrease |
- |
- |
- |
27.00 |
103.00 |
Payments of Dividends, Preferred Stock and Preference Stock |
- |
- |
- |
- |
- |
Dividends paid |
-101.00 |
-75.00 |
-50.00 |
-25.00 |
- |
Net Cash flow from
Financing Activities |
3,687.00 |
2,824.00 |
2,157.00 |
1,595.00 |
877.00 |
Effect of exchange rate on cash flow |
- |
- |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
5,834.00 |
3,612.00 |
2,817.00 |
1,437.00 |
-224.00 |
Total Cash Flow |
603.00 |
782.00 |
728.00 |
624.00 |
-71.00 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
- |
- |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
- |
- |
- |
- |
- |