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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities:    
Net earnings, including noncontrolling interests $ 104 $ 25
Adjustments:    
Depreciation and amortization 28 31
Annuity benefits 228 184
Realized losses on investing activities 15 133
Net (purchases) sales of trading securities 71 (4)
Deferred annuity and life policy acquisition costs (68) (44)
Change in:    
Reinsurance and other receivables 197 483
Other assets (68) 27
Insurance claims and reserves (26) (242)
Payable to reinsurers (90) (151)
Other liabilities 15 (41)
Managed investment entities’ assets/liabilities (55) (25)
Other operating activities, net (16) 21
Net cash provided by operating activities 335 397
Investing Activities:    
Purchases of fixed maturities (2,125) (1,605)
Purchases of equity securities (74) (79)
Purchases of mortgage loans (131) (31)
Purchases of real estate, property and equipment (18) (19)
Proceeds from maturities and redemptions of fixed maturities 840 736
Proceeds from repayments of mortgage loans 101 59
Proceeds from sales of fixed maturities 225 32
Proceeds from sales of equity securities 55 79
Proceeds from sales of real estate, property and equipment 5 23
Managed investment entities:    
Purchases of investments (239) (258)
Proceeds from sales and redemptions of investments 290 149
Other investing activities, net (125) (54)
Net cash used in investing activities (1,196) (968)
Financing Activities:    
Annuity receipts 1,435 813
Annuity surrenders, benefits and withdrawals (503) (443)
Net transfers from variable annuity assets 9 10
Issuances of managed investment entities’ liabilities 31 103
Retirements of managed investment entities’ liabilities (11) (4)
Issuances of Common Stock 13 19
Repurchases of Common Stock (76) (31)
Cash dividends paid on Common Stock (24) (22)
Other financing activities, net (2) (5)
Net cash provided by financing activities 872 440
Net Change in Cash and Cash Equivalents 11 (131)
Cash and cash equivalents at beginning of period 1,220 1,343
Cash and cash equivalents at end of period $ 1,231 $ 1,212