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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net earnings, including noncontrolling interests $ 280 $ 240
Adjustments:    
Depreciation and amortization 91 118
Annuity benefits 640 543
Realized (gains) losses on investing activities (6) 90
Net (purchases) sales of trading securities 73 (9)
Deferred annuity and life policy acquisition costs (172) (164)
Change in:    
Reinsurance and other receivables (972) (468)
Other assets (257) 68
Insurance claims and reserves 796 491
Payable to reinsurers 244 79
Other liabilities 230 (45)
Managed investment entities’ assets/liabilities (235) (53)
Other operating activities, net (39) 17
Net cash provided by operating activities 673 907
Investing Activities:    
Purchases of fixed maturities (5,604) (5,395)
Purchases of equity securities (143) (449)
Purchases of mortgage loans (310) (105)
Purchases of real estate, property and equipment (37) (65)
Proceeds from maturities and redemptions of fixed maturities 3,111 2,426
Proceeds from repayments of mortgage loans 197 231
Proceeds from sales of fixed maturities 496 235
Proceeds from sales of equity securities 193 193
Proceeds from sales of real estate, property and equipment 45 96
Managed investment entities:    
Purchases of investments (1,405) (1,167)
Proceeds from sales and redemptions of investments 1,381 685
Other investing activities, net (370) (100)
Net cash used in investing activities (2,446) (3,415)
Financing Activities:    
Annuity receipts 3,474 3,333
Annuity surrenders, benefits and withdrawals (1,726) (1,487)
Net transfers from variable annuity assets 29 32
Additional long-term borrowings 302 0
Reductions of long-term debt 0 (182)
Issuances of managed investment entities’ liabilities 1,028 693
Retirements of managed investment entities’ liabilities (747) (192)
Issuances of Common Stock 34 47
Repurchases of Common Stock (124) (113)
Cash dividends paid on Common Stock (72) (65)
Other financing activities, net (6) (7)
Net cash provided by financing activities 2,192 2,059
Net Change in Cash and Cash Equivalents 419 (449)
Cash and cash equivalents at beginning of period 1,220 1,343
Cash and cash equivalents at end of period $ 1,639 $ 894