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 |
199.00 |
382.00 |
322.00 |
94.00 |
739.00 |
Depreciation & amortization |
264.00 |
201.00 |
136.00 |
72.00 |
307.00 |
Amortization of Other Assets |
- |
- |
- |
- |
- |
Increase (Decrease) in Deferred Policy Acquisition Costs
|
-7.00 |
-6.00 |
-4.00 |
-2.00 |
- |
Goodwill, Impairment Loss |
- |
- |
- |
- |
- |
Accounting changes |
- |
- |
- |
- |
- |
Inventories |
- |
- |
- |
- |
- |
Minority interests |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Business |
- |
- |
- |
- |
- |
Share-based Compensation |
49.00 |
37.00 |
25.00 |
15.00 |
37.00 |
Income from affiliates |
- |
- |
- |
- |
- |
Tax benefit on stock options |
- |
- |
- |
- |
- |
Charges Assessed To Policyholders |
-430.00 |
-291.00 |
-144.00 |
-444.00 |
-292.00 |
Deferred Policy Acquisition Costs Period Increase Decrease |
- |
- |
- |
- |
- |
Amortization Of Deferred Acquisition Costs And Intangibles |
- |
- |
- |
- |
- |
Increase Decrease In Derivative Instruments And Limited Partnerships And Other |
-378.00 |
-222.00 |
-84.00 |
-250.00 |
-163.00 |
Income taxes |
94.00 |
130.00 |
107.00 |
39.00 |
234.00 |
Gain (Loss) on Investments |
-23.00 |
15.00 |
-28.00 |
11.00 |
17.00 |
Accounts receivable |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Accrued liabilities |
- |
- |
- |
- |
- |
Deferred revenue |
- |
- |
- |
- |
- |
Prepaid expenses |
- |
- |
- |
- |
- |
Other Working Capital |
1,271.00 |
613.00 |
294.00 |
25.00 |
831.00 |
Other assets & liabilities |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-118.00 |
-110.00 |
-60.00 |
-8.00 |
-154.00 |
Discontinued operations |
-3.00 |
-4.00 |
-4.00 |
-1.00 |
-31.00 |
Net Cash flow from
Operating Activities |
597.00 |
450.00 |
275.00 |
17.00 |
1,049.00 |
Capital Expenditures |
- |
- |
- |
- |
- |
Sale of Capital Items |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Short-term Investments, Total |
-12.00 |
-15.00 |
-7.00 |
1.00 |
23.00 |
Payments to Acquire Available-for-sale Securities |
- |
- |
- |
- |
- |
Proceeds from other investments |
- |
- |
- |
- |
- |
Proceeds From Sale And Collection Of Variable Interest Entity Mortgage Notes Receivable |
- |
- |
- |
- |
- |
Proceeds From Sales Of Debt And Equity Securities |
1,533.00 |
1,289.00 |
441.00 |
2,061.00 |
1,302.00 |
Payments To Acquire Debt And Equity Securities |
-2,187.00 |
-1,443.00 |
-685.00 |
-3,222.00 |
-1,800.00 |
Purchases of other investments |
- |
- |
- |
- |
- |
Noncontrolling interest |
- |
- |
- |
- |
- |
Proceeds from Investments |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investments |
-384.00 |
-330.00 |
-234.00 |
-133.00 |
-460.00 |
Purchases of non-current assets |
- |
- |
- |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
- |
- |
- |
- |
- |
Proceeds from Divestiture of Interest in Consolidated Subsidiaries |
- |
- |
- |
- |
- |
Proceeds from Divestiture of Businesses, Net of Cash Divested |
- |
- |
- |
- |
- |
Proceeds from sale of assets |
- |
- |
- |
- |
- |
Receivables |
270.00 |
274.00 |
188.00 |
127.00 |
-158.00 |
Payments for (Proceeds from) Other Investing Activities |
-55.00 |
-38.00 |
-20.00 |
- |
- |
Other Net |
2,426.00 |
1,676.00 |
1,144.00 |
613.00 |
2,705.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
1,261.00 |
913.00 |
917.00 |
364.00 |
733.00 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
- |
- |
- |
- |
- |
Long-term debt - borrowings |
- |
- |
- |
- |
- |
Long-term debt - repayments |
-32.00 |
-11.00 |
-11.00 |
-11.00 |
-297.00 |
Noncontrolling interest |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-296.00 |
-261.00 |
-181.00 |
-68.00 |
-64.00 |
Exercise of stock options |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
-16.00 |
-13.00 |
-12.00 |
-4.00 |
- |
Deposits, Annuities, Contract Holders Funds |
-1,071.00 |
-871.00 |
-590.00 |
-343.00 |
-1,062.00 |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
11.00 |
- |
-15.00 |
2.00 |
-85.00 |
Short Term Borrowings And Other Net |
- |
- |
- |
- |
- |
Repayment And Repurchase Of Long Term Borrowings |
- |
- |
- |
- |
- |
Repayment Of Variable Interest Entity Borrowings |
- |
- |
- |
- |
- |
Payment To Noncontrolling Interest For Return Of Captial |
- |
- |
- |
- |
- |
Repayments Of Non Recourse Funding Obligations |
- |
- |
- |
- |
- |
Payments of Ordinary Dividends, Noncontrolling Interest |
-39.00 |
-14.00 |
-9.00 |
-4.00 |
-46.00 |
Dividends paid |
- |
- |
- |
- |
- |
Net Cash flow from
Financing Activities |
-1,443.00 |
-1,170.00 |
-818.00 |
-428.00 |
-1,554.00 |
Effect of exchange rate on cash flow |
1.00 |
1.00 |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
597.00 |
450.00 |
275.00 |
17.00 |
1,049.00 |
Total Cash Flow |
416.00 |
194.00 |
374.00 |
-47.00 |
228.00 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
- |
- |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
- |
- |
- |
- |
- |