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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities:    
Net earnings, including noncontrolling interests $ 240 $ 281
Adjustments:    
Depreciation and amortization 118 95
Annuity benefits 543 491
Realized (gains) losses on investing activities 90 (48)
Net purchases of trading securities (9) (39)
Deferred annuity and life policy acquisition costs (164) (144)
Change in:    
Reinsurance and other receivables (468) (459)
Other assets 68 (38)
Insurance claims and reserves 491 505
Payable to reinsurers 79 162
Other liabilities (45) (92)
Managed investment entities’ assets/liabilities (53) (44)
Other operating activities, net 17 4
Net cash provided by operating activities 907 674
Investing Activities:    
Purchases of fixed maturities (5,395) (5,358)
Purchases of equity securities (449) (356)
Purchases of mortgage loans (105) (355)
Purchases of real estate, property and equipment (65) (34)
Purchases of businesses 0 (267)
Proceeds from maturities and redemptions of fixed maturities 2,426 2,252
Proceeds from repayments of mortgage loans 231 74
Proceeds from sales of fixed maturities 235 262
Proceeds from sales of equity securities 193 97
Proceeds from sales of real estate, property and equipment 96 11
Cash and cash equivalents of businesses acquired 0 1,078
Managed investment entities:    
Purchases of investments (1,167) (1,075)
Proceeds from sales and redemptions of investments 685 1,153
Other investing activities, net (100) 83
Net cash used in investing activities (3,415) (2,435)
Financing Activities:    
Annuity receipts 3,333 2,725
Annuity surrenders, benefits and withdrawals (1,487) (1,289)
Net transfers from variable annuity assets 32 36
Additional long-term borrowings 0 145
Reductions of long-term debt (182) (1)
Issuances of managed investment entities’ liabilities 693 538
Retirements of managed investment entities’ liabilities (192) (571)
Issuances of Common Stock 47 35
Repurchases of Common Stock (113) (127)
Cash dividends paid on Common Stock (65) (59)
Other financing activities, net (7) 0
Net cash provided by financing activities 2,059 1,432
Net Change in Cash and Cash Equivalents (449) (329)
Cash and cash equivalents at beginning of period 1,343 1,639
Cash and cash equivalents at end of period $ 894 $ 1,310