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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net earnings $ 592 $ 731
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 106 32
Increase in deferred policy acquisition costs (41) (37)
Increase in policy liabilities 666 919
Change in income tax liabilities 271 (367)
Realized investment (gains) losses 140 (30)
Other, net 23 83
Net cash provided (used) by operating activities 1,757 1,331
Securities available for sale:    
Fixed maturities sold 1,385 266
Fixed maturities matured or called 204 408
Perpetual securities matured or called 0 35
Equity securities sold 155 0
Securities held to maturity:    
Fixed maturities matured or called 228 277
Costs of investments acquired:    
Available for sale fixed maturities acquired (3,726) (1,911)
Available for sale equity securities acquired (157) (364)
Other investments, net (203) (123)
Settlement of derivatives, net (44) 273
Cash received (pledged or returned) as collateral, net 654 (189)
Other, net (23) (159)
Net cash provided (used) by investing activities (1,527) (1,487)
Cash flows from financing activities:    
Purchases of treasury stock (610) (612)
Proceeds from borrowings 524 0
Principal payments under debt obligations (654) 0
Dividends paid to shareholders (166) (167)
Change in investment-type contracts, net 18 45
Treasury stock reissued 11 7
Other, net 1 (39)
Net cash provided (used) by financing activities (876) (766)
Effect of exchange rate changes on cash and cash equivalents (8) 21
Net change in cash and cash equivalents (654) (901)
Cash and cash equivalents, beginning of period 4,859 4,350
Cash and cash equivalents, end of period 4,205 3,449
Supplemental disclosures of cash flow information:    
Income taxes paid 58 779
Interest paid 47 54
Noncash interest 15 12
Impairment losses included in realized investment losses 10 14
Capital lease obligations incurred 2 1
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 6 8
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 7 6
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 1 $ 4