XML 65 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities:      
Net earnings, including noncontrolling interests $ 320 $ 423 $ 530
Adjustments:      
Depreciation and amortization 192 214 198
Annuity benefits 510 444 435
Realized gains on investing activities (74) (92) (34)
Net purchases of trading securities (45) (11) (51)
Deferred annuity and life policy acquisition costs (253) (211) (172)
Change in:      
Reinsurance and other receivables (228) 555 352
Other assets (101) 8 145
Insurance claims and reserves 134 (413) (421)
Payable to reinsurers 155 (150) (41)
Other liabilities 246 2 (17)
Managed investment entities' assets/liabilities (212) 89  
Other operating activities, net 23 6 (9)
Net cash provided by (used in) operating activities 667 864 915
Investing Activities:      
Purchases of fixed maturities (5,321) (4,979) (4,855)
Purchases of equity securities (397) (223) (21)
Purchases of mortgage loans (190) (159) (82)
Purchases of real estate, property and equipment (86) (74) (62)
Purchases of subsidiaries   (128) (5)
Proceeds from maturities and redemptions of fixed maturities 1,974 2,081 1,934
Proceeds from repayments of mortgage loans 269 71 11
Proceeds from sales of fixed maturities 1,293 1,540 2,207
Proceeds from sales of equity securities 198 49 127
Proceeds from sales of real estate, property and equipment 3 4 1
Proceeds from sale of subsidiary 9    
Managed investment entities:      
Purchases of investments (1,563) (1,008)  
Proceeds from sales and redemptions of investments 1,391 1,018  
Cash and cash equivalents of businesses acquired or sold, net (5) 95 (23)
Other investing activities, net (14) 8 (15)
Net cash provide by (used in) investing activities (2,439) (1,705) (783)
Financing Activities:      
Annuity receipts 3,326 2,282 1,434
Annuity surrenders, benefits and withdrawals (1,321) (1,221) (1,273)
Net transfers from (to) variable annuity assets 39 7 (10)
Additional long-term borrowings 2 159 581
Reductions of long-term debt (20) (39) (785)
Issuances of managed investment entities' liabilities 394    
Retirement of managed investment entities' liabilities (66) (45)  
Issuances of Common Stock 39 32 15
Repurchases of Common Stock (315) (292) (81)
Cash dividends paid (67) (63) (60)
Other financing activities, net (14)   (97)
Net cash provided by (used in) financing activities 1,997 820 (276)
Net Change in Cash and Cash Equivalents 225 (21) (144)
Cash and cash equivalents at beginning of year 1,099 1,120 1,264
Cash and cash equivalents at end of year $ 1,324 $ 1,099 $ 1,120