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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net earnings $ 1,268 $ 663
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 3,135 926
Increase in deferred policy acquisition costs (311) (204)
Increase in policy liabilities 2,679 1,922
Change in income tax liabilities 105 (89)
Realized investment (gains) losses 463 1,247
Other, net (94) (87)
Net cash provided (used) by operating activities 7,245 4,378
Securities available for sale:    
Fixed maturities sold 982 1,767
Fixed maturities matured or called 938 775
Perpetual securities sold 897 226
Perpetual securities matured or called 376 61
Securities held to maturity:    
Fixed maturities matured or called 1,058 325
Securities available for sale:    
Fixed maturities acquired (3,265) (4,822)
Securities held to maturity:    
Fixed maturities acquired (8,418) (3,484)
Cash received as collateral on loaned securities, net (646) 147
Other, net 20 (29)
Net cash provided (used) by investing activities (8,058) (5,034)
Cash flows from financing activities:    
Purchases of treasury stock (10) (222)
Proceeds from borrowings 749 0
Principal payments under debt obligations (339) (1)
Dividends paid to shareholders (296) (260)
Change in investment-type contracts, net 601 275
Treasury stock reissued 11 26
Other, net 9 7
Net cash provided (used) by financing activities 725 (175)
Effect of exchange rate changes on cash and cash equivalents (31) 1
Net change in cash and cash equivalents (119) (830)
Cash and cash equivalents, beginning of period 2,249 2,121
Cash and cash equivalents, end of period 2,130 1,291
Supplemental disclosures of cash flow information:    
Income taxes paid 355 460
Interest paid 113 72
Impairment losses included in realized investment losses 546 [1] 933 [2]
Noncash financing activities:    
Capitalized lease obligations 2 1
Associate stock bonus
   
Treasury stock issued for:    
Treasury stock issued 19 0
Shareholder dividend reinvestment
   
Treasury stock issued for:    
Treasury stock issued 12 21
Share-based compensation grants
   
Treasury stock issued for:    
Treasury stock issued $ 4 $ 2
[1] Includes $267 and $295 for the three- and six-month periods ended June 30, 2012, respectively, for credit-related impairments and $76 and $251 for the three- and six-month periods ended June 30, 2012, respectively, from change in intent to sell securities
[2] Consisted completely of credit-related impairments