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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net earnings, including noncontrolling interests $ 155 $ 104
Adjustments:    
Depreciation and amortization 38 28
Annuity benefits 196 228
Realized (gains) losses on investing activities (17) 15
Net sales of trading securities 3 71
Deferred annuity and life policy acquisition costs (67) (68)
Change in:    
Reinsurance and other receivables 63 197
Other assets (58) 2
Insurance claims and reserves 57 (26)
Payable to reinsurers (13) (90)
Other liabilities 45 15
Managed investment entities’ assets/liabilities (487) (55)
Other operating activities, net 9 (13)
Net cash provided by (used in) operating activities (76) 408
Investing Activities:    
Purchases of fixed maturities (2,879) (2,125)
Purchases of equity securities (22) (74)
Purchases of mortgage loans (23) (131)
Purchases of equity index call options and other investments (181) (139)
Purchases of real estate, property and equipment (11) (18)
Proceeds from maturities and redemptions of fixed maturities 1,511 840
Proceeds from repayments of mortgage loans 12 101
Proceeds from sales of fixed maturities 38 225
Proceeds from sales of equity securities 14 55
Proceeds from sales and settlements of equity index call options and other investments 174 4
Proceeds from sales of real estate, property and equipment 24 5
Managed investment entities:    
Purchases of investments (910) (239)
Proceeds from sales and redemptions of investments 1,058 290
Other investing activities, net 1 (63)
Net cash used in investing activities (1,194) (1,269)
Financing Activities:    
Annuity receipts 1,290 1,435
Annuity surrenders, benefits and withdrawals (567) (503)
Net transfers from variable annuity assets 17 9
Issuances of managed investment entities’ liabilities 537 31
Retirements of managed investment entities’ liabilities (212) (11)
Issuances of Common Stock 15 13
Repurchases of Common Stock 0 (76)
Cash dividends paid on Common Stock (27) (24)
Other financing activities, net 0 (2)
Net cash provided by financing activities 1,053 872
Net Change in Cash and Cash Equivalents (217) 11
Cash and cash equivalents at beginning of period 2,107 1,220
Cash and cash equivalents at end of period $ 1,890 $ 1,231