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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 680 $ 90
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense (benefit) 27 (33)
Trading portfolio activity 19 15
Net investment (gains) losses (95) 147
Equity method investees (79) 68
Net amortization of investments (41) (32)
Depreciation and amortization 27 31
Changes in:    
Receivables, net (1,087) (586)
Accrued investment income (3) 11
Deferred acquisition costs (12) (41)
Insurance reserves 1,373 1,181
Other, net (124) (201)
Net cash flows provided by operating activities 685 650
Dispositions:    
Fixed maturity securities - sales 1,846 3,773
Fixed maturity securities - maturities, calls and redemptions 2,104 1,622
Equity securities 193 230
Limited partnerships 124 257
Mortgage loans 69 25
Purchases:    
Fixed maturity securities (4,615) (5,356)
Equity securities (181) (312)
Limited partnerships (169) (90)
Mortgage loans (16) (91)
Change in other investments 6 (2)
Change in short term investments 442 409
Purchases of property and equipment (5) (10)
Other, net 0 20
Net cash flows (used) provided by investing activities (202) 475
Cash Flows from Financing Activities    
Dividends paid to common stockholders (414) (750)
Purchase of treasury stock (18) (18)
Other, net (9) (8)
Net cash flows used by financing activities (441) (776)
Effect of foreign exchange rate changes on cash 1 (5)
Net change in cash 43 344
Cash, beginning of year 419 242
Cash, end of period $ 462 $ 586