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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:      
Net earnings, including noncontrolling interests $ 517 $ 477 $ 668
Adjustments:      
Depreciation and amortization 210 107 134
Annuity benefits 998 892 800
Realized (gains) losses on investing activities 265 (23) (61)
Net sales of trading securities 111 17 79
Deferred annuity and life policy acquisition costs (263) (225) (230)
Change in:      
Reinsurance and other receivables (211) (963) (315)
Other assets 96 13 (467)
Insurance claims and reserves 425 1,321 533
Payable to reinsurers 9 109 43
Other liabilities (140) (18) 265
Managed investment entities’ assets/liabilities 148 60 (279)
Other operating activities, net (82) 37 (20)
Net cash provided by operating activities 2,083 1,804 1,150
Investing Activities:      
Purchases of fixed maturities (10,183) (9,485) (7,537)
Purchases of equity securities (568) (182) (207)
Purchases of mortgage loans (167) (254) (341)
Purchases of equity index call options and other investments (973) (831) (738)
Purchases of real estate, property and equipment (80) (109) (49)
Purchases of businesses (36) 0 0
Proceeds from maturities and redemptions of fixed maturities 4,948 6,105 4,713
Proceeds from repayments of mortgage loans 201 215 262
Proceeds from sales of fixed maturities 501 392 641
Proceeds from sales of equity securities 247 216 348
Proceeds from sales and settlements of equity index call options and other investments 883 789 319
Proceeds from sales of real estate, property and equipment 3 55 55
Cash and cash equivalents of businesses acquired 13 0 0
Managed investment entities:      
Purchases of investments (2,117) (2,979) (2,254)
Proceeds from sales and redemptions of investments 1,948 2,774 1,890
Other investing activities, net 30 2 (83)
Net cash used in investing activities (5,350) (3,292) (2,981)
Financing Activities:      
Annuity receipts 5,632 4,341 4,585
Annuity surrenders, benefits and withdrawals (2,916) (2,405) (2,275)
Net transfers from variable annuity assets 47 54 42
Additional long-term borrowings 0 712 302
Reductions of long-term debt 0 (745) (18)
Issuances of managed investment entities’ liabilities 1,983 2,731 2,293
Retirements of managed investment entities’ liabilities (1,935) (2,585) (1,600)
Issuances of Common Stock 33 37 35
Repurchases of Common Stock (6) 0 (133)
Cash dividends paid on Common Stock (394) (417) (185)
Acquisition of noncontrolling interests in subsidiary 0 0 (315)
Other financing activities, net 0 (4) (13)
Net cash provided by (used in) financing activities 2,444 1,719 2,718
Net Change in Cash and Cash Equivalents (823) 231 887
Cash and cash equivalents at beginning of year 2,338 2,107 1,220
Cash and cash equivalents at end of year $ 1,515 $ 2,338 $ 2,107