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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities:    
Net earnings, including noncontrolling interests $ 174 $ 190
Adjustments:    
Depreciation and amortization 84 57
Annuity benefits 335 334
Realized (gains) losses on investing activities 81 (32)
Net purchases of trading securities (5) (33)
Deferred annuity and life policy acquisition costs (90) (102)
Change in:    
Reinsurance and other receivables 314 283
Other assets (83) (54)
Insurance claims and reserves (64) 11
Payable to reinsurers (134) (66)
Other liabilities 53 (37)
Managed investment entities’ assets/liabilities (107) (45)
Other operating activities, net 18 (7)
Net cash provided by operating activities 576 499
Investing Activities:    
Purchases of fixed maturities (3,728) (3,426)
Purchases of equity securities (152) (274)
Purchases of mortgage loans (62) (180)
Purchases of real estate, property and equipment (32) (20)
Purchases of businesses 0 (267)
Proceeds from maturities and redemptions of fixed maturities 1,688 1,609
Proceeds from repayments of mortgage loans 127 41
Proceeds from sales of fixed maturities 231 183
Proceeds from sales of equity securities 149 65
Proceeds from sales of real estate, property and equipment 92 3
Cash and cash equivalents of businesses acquired 0 1,078
Managed investment entities:    
Purchases of investments (808) (650)
Proceeds from sales and redemptions of investments 439 813
Other investing activities, net (58) 55
Net cash used in investing activities (2,114) (970)
Financing Activities:    
Annuity receipts 2,012 1,916
Annuity surrenders, benefits and withdrawals (937) (827)
Net transfers from variable annuity assets 20 16
Reductions of long-term debt (37) (1)
Issuances of managed investment entities’ liabilities 639 200
Retirement of managed investment entities’ liabilities (192) (297)
Issuances of Common Stock 34 24
Repurchases of Common Stock (78) (44)
Cash dividends paid on Common Stock (44) (39)
Other financing activities, net (6) 0
Net cash provided by financing activities 1,411 948
Net Change in Cash and Cash Equivalents (127) 477
Cash and cash equivalents at beginning of period 1,343 1,639
Cash and cash equivalents at end of period $ 1,216 $ 2,116