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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net earnings, including noncontrolling interests $ 349 $ 300
Adjustments:    
Depreciation and amortization 106 69
Annuity benefits 442 420
Realized (gains) losses on investing activities 64 (28)
Net sales of trading securities 83 31
Deferred annuity and life policy acquisition costs (127) (133)
Change in:    
Reinsurance and other receivables 72 (291)
Other assets (16) (8)
Insurance claims and reserves (268) 275
Payable to reinsurers (22) 47
Other liabilities 55 (32)
Managed investment entities’ assets/liabilities 138 (72)
Other operating activities, net (53) (4)
Net cash provided by operating activities 823 574
Investing Activities:    
Purchases of fixed maturities (4,549) (5,387)
Purchases of equity securities (248) (44)
Purchases of mortgage loans (90) (146)
Purchases of equity index call options and other investments (446) (360)
Purchases of real estate, property and equipment (44) (30)
Proceeds from maturities and redemptions of fixed maturities 2,283 3,285
Proceeds from repayments of mortgage loans 68 110
Proceeds from sales of fixed maturities 203 150
Proceeds from sales of equity securities 106 50
Proceeds from sales and settlements of equity index call options and other investments 446 360
Proceeds from sales of real estate, property and equipment 1 53
Managed investment entities:    
Purchases of investments (1,261) (1,780)
Proceeds from sales and redemptions of investments 1,035 1,738
Other investing activities, net 11 7
Net cash used in investing activities (2,485) (1,994)
Financing Activities:    
Annuity receipts 2,547 2,556
Annuity surrenders, benefits and withdrawals (1,372) (1,161)
Net transfers from variable annuity assets 21 30
Additional long-term borrowings 0 345
Reductions of long-term debt 0 (230)
Issuances of managed investment entities’ liabilities 1,572 977
Retirements of managed investment entities’ liabilities (1,461) (835)
Issuances of Common Stock 21 27
Cash dividends paid on Common Stock (194) (185)
Other financing activities, net 0 (4)
Net cash provided by financing activities 1,134 1,520
Net Change in Cash and Cash Equivalents (528) 100
Cash and cash equivalents at beginning of period 2,338 2,107
Cash and cash equivalents at end of period $ 1,810 $ 2,207