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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income $ 90 $ 620
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax (benefit) expense (33) 25
Trading portfolio activity 15 4
Net investment losses (gains) 147 (13)
Equity method investees 68 39
Net amortization of investments (32) (47)
Depreciation and amortization 31 36
Changes in:    
Receivables, net (586) (135)
Accrued investment income 11 (7)
Deferred acquisition costs (41) (47)
Insurance reserves 1,181 203
Other, net (201) (164)
Net cash flows provided by operating activities 650 514
Dispositions:    
Fixed maturity securities - sales 3,773 3,858
Fixed maturity securities - maturities, calls and redemptions 1,622 1,374
Equity securities 230 117
Limited partnerships 257 297
Mortgage loans 25 70
Purchases:    
Fixed maturity securities (5,356) (4,896)
Equity securities (312) (88)
Limited partnerships (90) (139)
Mortgage loans (91) (147)
Change in other investments (2) (4)
Change in short term investments 409 (211)
Purchases of property and equipment (10) (14)
Other, net 20 16
Net cash flows provided by investing activities 475 233
Cash Flows from Financing Activities    
Dividends paid to common stockholders (750) (738)
Proceeds from the issuance of debt 0 496
Repayment of debt 0 (520)
Purchase of treasury stock (18) (16)
Other, net (8) (10)
Net cash flows used by financing activities (776) (788)
Effect of foreign exchange rate changes on cash (5) 2
Net change in cash 344 (39)
Cash, beginning of year 242 310
Cash, end of period $ 586 $ 271