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 |
199.00 |
739.00 |
945.00 |
212.00 |
530.00 |
Depreciation & amortization |
264.00 |
307.00 |
377.00 |
492.00 |
441.00 |
Amortization of Other Assets |
- |
- |
- |
- |
- |
Increase (Decrease) in Deferred Policy Acquisition Costs
|
-7.00 |
- |
-8.00 |
-15.00 |
-27.00 |
Goodwill, Impairment Loss |
- |
- |
- |
5.00 |
- |
Accounting changes |
- |
- |
- |
- |
- |
Inventories |
- |
- |
- |
- |
- |
Minority interests |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Business |
- |
- |
- |
- |
- |
Share-based Compensation |
49.00 |
37.00 |
40.00 |
40.00 |
27.00 |
Income from affiliates |
- |
- |
- |
- |
- |
Tax benefit on stock options |
- |
- |
- |
- |
- |
Charges Assessed To Policyholders |
-572.00 |
-596.00 |
-620.00 |
-646.00 |
-699.00 |
Deferred Policy Acquisition Costs Period Increase Decrease |
- |
- |
- |
- |
- |
Amortization Of Deferred Acquisition Costs And Intangibles |
- |
- |
- |
- |
- |
Increase Decrease In Derivative Instruments And Limited Partnerships And Other |
-557.00 |
-335.00 |
-359.00 |
-87.00 |
-98.00 |
Income taxes |
94.00 |
234.00 |
256.00 |
258.00 |
165.00 |
Gain (Loss) on Investments |
-23.00 |
17.00 |
-323.00 |
-558.00 |
-50.00 |
Accounts receivable |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Accrued liabilities |
- |
- |
- |
- |
- |
Deferred revenue |
- |
- |
- |
- |
- |
Prepaid expenses |
- |
- |
- |
- |
- |
Other Working Capital |
1,271.00 |
831.00 |
823.00 |
2,117.00 |
1,510.00 |
Other assets & liabilities |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-118.00 |
-154.00 |
-176.00 |
-138.00 |
-118.00 |
Discontinued operations |
-3.00 |
-31.00 |
-518.00 |
280.00 |
398.00 |
Net Cash flow from
Operating Activities |
597.00 |
1,049.00 |
437.00 |
1,960.00 |
2,079.00 |
Capital Expenditures |
- |
- |
- |
- |
- |
Sale of Capital Items |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Short-term Investments, Total |
-12.00 |
23.00 |
18.00 |
79.00 |
7,319.00 |
Payments to Acquire Available-for-sale Securities |
- |
- |
-5,216.00 |
-9,386.00 |
-6,899.00 |
Proceeds from other investments |
- |
- |
- |
- |
- |
Proceeds From Sale And Collection Of Variable Interest Entity Mortgage Notes Receivable |
- |
- |
- |
- |
15.00 |
Proceeds From Sales Of Debt And Equity Securities |
2,233.00 |
2,658.00 |
- |
- |
- |
Payments To Acquire Debt And Equity Securities |
-3,217.00 |
-4,035.00 |
- |
- |
- |
Purchases of other investments |
- |
- |
- |
- |
- |
Noncontrolling interest |
- |
- |
- |
- |
- |
Proceeds from Investments |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investments |
-384.00 |
-460.00 |
-512.00 |
182.00 |
- |
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 |
- |
- |
270.00 |
- |
1,398.00 |
Proceeds from sale of assets |
- |
- |
- |
- |
- |
Receivables |
270.00 |
-158.00 |
-32.00 |
387.00 |
-169.00 |
Payments for (Proceeds from) Other Investing Activities |
-55.00 |
- |
- |
-449.00 |
-389.00 |
Other Net |
2,426.00 |
2,705.00 |
6,435.00 |
8,034.00 |
- |
Discontinued operations |
- |
- |
-67.00 |
- |
26.00 |
Net Cash flow from
Investing Activities |
1,261.00 |
733.00 |
896.00 |
-1,153.00 |
1,301.00 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
- |
- |
- |
- |
- |
Long-term debt - borrowings |
- |
- |
- |
766.00 |
- |
Long-term debt - repayments |
-32.00 |
-297.00 |
-1,541.00 |
-527.00 |
-446.00 |
Noncontrolling interest |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-296.00 |
-64.00 |
- |
- |
- |
Exercise of stock options |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
-16.00 |
- |
529.00 |
- |
-22.00 |
Deposits, Annuities, Contract Holders Funds |
-1,071.00 |
-1,062.00 |
-1,402.00 |
-1,420.00 |
-1,495.00 |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
11.00 |
-85.00 |
32.00 |
-2.00 |
-167.00 |
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 |
- |
- |
- |
-315.00 |
- |
Payments of Ordinary Dividends, Noncontrolling Interest |
-39.00 |
-46.00 |
-37.00 |
-9.00 |
-87.00 |
Dividends paid |
- |
- |
- |
- |
- |
Net Cash flow from
Financing Activities |
-1,443.00 |
-1,554.00 |
-2,419.00 |
-1,507.00 |
-2,217.00 |
Effect of exchange rate on cash flow |
1.00 |
- |
1.00 |
15.00 |
1.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
597.00 |
1,049.00 |
437.00 |
1,960.00 |
2,079.00 |
Total Cash Flow |
416.00 |
228.00 |
-1,085.00 |
-685.00 |
1,164.00 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
- |
- |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
- |
- |
- |
- |
- |