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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings $ 2,021 $ 1,908
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums (32) 41
Increase in deferred policy acquisition costs (229) (186)
Increase in policy liabilities 2,137 2,329
Change in income tax liabilities 323 (365)
Realized investment (gains) losses 166 358
Other, net 210 35
Net cash provided (used) by operating activities 4,596 4,120
Securities available for sale:    
Fixed maturities sold 2,633 978
Fixed maturities matured or called 740 774
Perpetual securities matured or called 9 234
Equity securities sold 755 173
Securities held to maturity:    
Fixed maturities matured or called 1,714 946
Costs of investments acquired:    
Available for sale fixed maturities acquired (6,827) (4,871)
Available for sale equity securities acquired (391) (868)
Other investments, net (949) (801)
Settlement of derivatives, net (240) 1,203
Cash received (pledged or returned) as collateral, net (273) (350)
Other, net (58) (56)
Net cash provided (used) by investing activities (2,887) (2,638)
Cash flows from financing activities:    
Purchases of treasury stock (1,053) (1,222)
Proceeds from borrowings 524 988
Principal payments under debt obligations (660) (232)
Dividends paid to shareholders (491) (492)
Change in investment-type contracts, net 39 117
Treasury stock reissued 23 37
Other, net 5 (31)
Net cash provided (used) by financing activities (1,613) (835)
Effect of exchange rate changes on cash and cash equivalents (28) 273
Net change in cash and cash equivalents 68 920
Cash and cash equivalents, beginning of period 4,859 4,350
Cash and cash equivalents, end of period 4,927 5,270
Supplemental disclosures of cash flow information:    
Income taxes paid 693 1,594
Interest paid 144 155
Noncash interest 38 41
Impairment losses included in realized investment losses 27 71
Capital lease obligations incurred 7 2
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 22 24
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 22 19
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 1 $ 4