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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net earnings $ 1,305 $ 1,279
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 8 53
Increase in deferred policy acquisition costs (116) (103)
Increase in policy liabilities 1,326 1,654
Change in income tax liabilities 368 (136)
Realized investment (gains) losses 196 194
Other, net 78 (87)
Net cash provided (used) by operating activities 3,165 2,854
Securities available for sale:    
Fixed maturities sold 2,114 675
Fixed maturities matured or called 451 612
Perpetual securities matured or called 9 234
Equity securities sold 157 50
Securities held to maturity:    
Fixed maturities matured or called 1,311 736
Costs of investments acquired:    
Available for sale fixed maturities acquired (5,662) (3,827)
Available for sale equity securities acquired (178) (691)
Other investments, net (514) (324)
Settlement of derivatives, net (34) 664
Cash received (pledged or returned) as collateral, net (129) (525)
Other, net (42) (33)
Net cash provided (used) by investing activities (2,517) (2,429)
Cash flows from financing activities:    
Purchases of treasury stock (813) (1,014)
Proceeds from borrowings 524 0
Principal payments under debt obligations (656) (1)
Dividends paid to shareholders (328) (330)
Change in investment-type contracts, net 23 82
Treasury stock reissued 17 19
Other, net 2 (37)
Net cash provided (used) by financing activities (1,231) (1,281)
Effect of exchange rate changes on cash and cash equivalents (12) 206
Net change in cash and cash equivalents (595) (650)
Cash and cash equivalents, beginning of period 4,859 4,350
Cash and cash equivalents, end of period 4,264 3,700
Supplemental disclosures of cash flow information:    
Income taxes paid 293 944
Interest paid 103 101
Noncash interest 19 30
Impairment losses included in realized investment losses 19 47
Capital lease obligations incurred 3 2
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 16 17
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 16 12
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 1 $ 5