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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities:    
Net earnings, including noncontrolling interests $ 167 $ 174
Adjustments:    
Depreciation and amortization 53 84
Annuity benefits 451 335
Realized (gains) losses on investing activities (3) 81
Net (purchases) sales of trading securities 85 (5)
Deferred annuity and life policy acquisition costs (124) (90)
Change in:    
Reinsurance and other receivables 42 314
Other assets (150) (83)
Insurance claims and reserves 121 (64)
Payable to reinsurers (3) (134)
Other liabilities 12 53
Managed investment entities’ assets/liabilities (199) (107)
Other operating activities, net (26) 18
Net cash provided by operating activities 426 576
Investing Activities:    
Purchases of fixed maturities (3,776) (3,728)
Purchases of equity securities (101) (152)
Purchases of mortgage loans (255) (62)
Purchases of real estate, property and equipment (26) (32)
Proceeds from maturities and redemptions of fixed maturities 2,073 1,688
Proceeds from repayments of mortgage loans 163 127
Proceeds from sales of fixed maturities 373 231
Proceeds from sales of equity securities 139 149
Proceeds from sales of real estate, property and equipment 43 92
Managed investment entities:    
Purchases of investments (869) (808)
Proceeds from sales and redemptions of investments 771 439
Other investing activities, net (282) (58)
Net cash used in investing activities (1,747) (2,114)
Financing Activities:    
Annuity receipts 2,533 2,012
Annuity surrenders, benefits and withdrawals (1,118) (937)
Net transfers from variable annuity assets 17 20
Reductions of long-term debt 0 (37)
Issuances of managed investment entities’ liabilities 1,028 639
Retirements of managed investment entities’ liabilities (682) (192)
Issuances of Common Stock 20 34
Repurchases of Common Stock (98) (78)
Cash dividends paid on Common Stock (48) (44)
Other financing activities, net (3) (6)
Net cash provided by financing activities 1,649 1,411
Net Change in Cash and Cash Equivalents 328 (127)
Cash and cash equivalents at beginning of period 1,220 1,343
Cash and cash equivalents at end of period $ 1,548 $ 1,216