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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net income $ 727 $ 897
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax (benefit) expense (72) 37
Trading portfolio activity (1) 2
Net investment gains (20) (25)
Equity method investees 48 136
Net amortization of investments (64) (48)
Depreciation and amortization 52 59
Changes in:    
Receivables, net 207 (47)
Accrued investment income (18) 5
Deferred acquisition costs (37) (24)
Insurance reserves 337 108
Other, net (179) (232)
Net cash flows provided by operating activities 980 868
Dispositions:    
Fixed maturity securities - sales 4,872 6,622
Fixed maturity securities - maturities, calls and redemptions 2,116 1,838
Equity securities 171 69
Limited partnerships 417 304
Mortgage loans 109 83
Purchases:    
Fixed maturity securities (7,053) (8,244)
Equity securities (140) (177)
Limited partnerships (167) (380)
Mortgage loans (193) (112)
Change in other investments (8) (10)
Change in short term investments (180) 158
Purchases of property and equipment (20) (87)
Other, net 16 16
Net cash flows (used) provided by investing activities (60) 80
Cash Flows from Financing Activities    
Dividends paid to common stockholders (834) (801)
Proceeds from the issuance of debt 496 0
Repayment of debt (520) (180)
Purchase of treasury stock (18) 0
Other, net (11) (8)
Net cash flows used by financing activities (887) (989)
Effect of foreign exchange rate changes on cash (3) (4)
Net change in cash 30 (45)
Cash, beginning of year 310 355
Cash, end of period $ 340 $ 310