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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net earnings $ 2,866 $ 1,937 $ 2,328
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums 5,669 2,940 1,078
Increase in deferred policy acquisition costs (643) (505) (327)
Increase in policy liabilities 6,033 4,685 3,448
Change in income tax liabilities 712 266 137
Realized investment (gains) losses 349 1,552 422
Other, net (34) (33) (97)
Net cash provided (used) by operating activities 14,952 10,842 6,989
Securities available for sale:      
Fixed maturities sold 7,385 14,385 2,724
Fixed maturities matured or called 1,959 170 1,243
Perpetual securities sold 1,599 690 700
Perpetual securities matured or called 376 0 0
Equity securities sold 0 0 328
Securities held to maturity:      
Fixed maturities matured or called 1,859 728 196
Securities available for sale:      
Fixed maturities acquired (19,533) (8,392) (9,943)
Equity securities acquired 0 0 (330)
Securities held to maturity:      
Fixed maturities acquired (16,550) (18,995) (2,010)
Cash received as collateral on loaned securities, net 5,439 647 (312)
Other, net 514 (62) (28)
Net cash provided (used) by investing activities (16,952) (10,829) (7,432)
Cash flows from financing activities:      
Purchases of treasury stock (118) (308) (121)
Proceeds from borrowings 1,506 620 748
Principal payments under debt obligations (341) (462) (451)
Dividends paid to shareholders (603) (552) (535)
Change in investment-type contracts, net 1,457 733 419
Treasury stock reissued 32 26 45
Other, net 12 7 56
Net cash provided (used) by financing activities 1,945 64 161
Effect of exchange rate changes on cash and cash equivalents (153) 51 80
Net change in cash and cash equivalents (208) 128 (202)
Cash and cash equivalents, beginning of period 2,249 2,121 2,323
Cash and cash equivalents, end of period 2,041 2,249 2,121
Supplemental disclosures of cash flow information:      
Income taxes paid 788 828 1,017
Interest paid 178 164 125
Noncash interest 83 [1] 32 [1] 24
Impairment losses included in realized investment losses 977 [2] 1,901 [2] 459 [3]
Noncash financing activities:      
Capitalized lease obligations 4 6 3
Associate stock bonus
     
Treasury stock issued for:      
Treasury stock issued 35 32 0
Shareholder dividend reinvestment
     
Treasury stock issued for:      
Treasury stock issued 24 23 0
Share-based compensation grants
     
Treasury stock issued for:      
Treasury stock issued $ 4 $ 2 $ 2
[1] Consists primarily of accreted interest on discounted advance premiums
[2] Includes $597 and $1,286 for the years ended December 31, 2012 and 2011, respectively, for credit-related impairments; $353 and $615 for the years ended December 31, 2012 and 2011, respectively, from change in intent to sell securities; and $27 for the year ended December 31, 2012 for impairments due to severity and duration of decline in fair value
[3] Consisted completely of credit-related impairments