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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net (loss) income $ (61) $ 342
Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:    
Deferred Income Tax Expense (Benefit) (37) 32
Trading portfolio activity 7 (3)
Net investment losses (gains) 216 (31)
Equity method investees 98 14
Net amortization of investments (15) (25)
Depreciation and amortization 16 19
Changes in:    
Receivables, net (229) 44
Accrued investment income (8) (15)
Deferred acquisition costs (27) (30)
Insurance reserves 510 57
Other, net (258) (117)
Net cash flows provided by operating activities 212 287
Dispositions:    
Fixed maturity securities - sales 823 2,259
Fixed maturity securities - maturities, calls and redemptions 799 576
Equity securities 98 64
Limited partnerships 204 186
Mortgage loans 15 35
Purchases:    
Fixed maturity securities (1,818) (2,447)
Equity securities (220) (36)
Limited partnerships (32) (114)
Mortgage loans 61 59
Change in other investments (6) (6)
Change in short term investments 1,267 (177)
Purchases of property and equipment (3) (8)
Other, net 21 16
Net cash flows provided by investing activities 1,087 289
Cash Flows from Financing Activities    
Dividends paid to common stockholders (649) (643)
Purchase of treasury stock (18) (14)
Other, net (8) (8)
Net cash flows used by financing activities (675) (665)
Effect of foreign exchange rate changes on cash (9) 2
Net change in cash 615 (87)
Cash, beginning of year 242 310
Cash, end of period $ 857 $ 223