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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net earnings $ 4,604 $ 2,659 $ 2,533
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums (91) 42 147
Capitalization of deferred policy acquisition costs (1,468) (1,447) (1,307)
Amortization of deferred policy acquisition costs 1,132 1,141 1,066
Increase in policy liabilities 2,890 3,331 3,524
Change in income tax liabilities (1,240) (93) (36)
Realized investment (gains) losses 151 14 (106)
Other, net 150 340 [1] 955 [1]
Net cash provided (used) by operating activities 6,128 5,987 6,776
Securities available for sale:      
Fixed maturities sold 3,819 5,157 3,224
Fixed maturities matured or called 768 1,096 1,132
Perpetual securities matured or called 93 470 647
Equity securities sold 902 350 1
Securities held to maturity:      
Fixed maturities matured or called 2,212 1,399 766
Costs of investments acquired:      
Available for sale fixed maturities acquired (9,867) (10,890) (6,507)
Available-for-sale equity securities acquired (446) (1,079) (454)
Other investments, net (2,018) (1,118) (70)
Purchase of subsidiary 0 0 (40)
Settlement of derivatives, net (621) 1,252 (2,119)
Cash received (pledged or returned) as collateral, net (205) (416) (1,391)
Other, net (68) (76) (86)
Net cash provided (used) by investing activities (5,431) (3,855) (4,897)
Cash flows from financing activities:      
Purchases of treasury stock (1,351) (1,422) (1,315)
Proceeds from borrowings 1,040 986 998
Principal payments under debt obligations (1,161) (610) (1,272)
Dividends paid to shareholders (661) (658) (656)
Change in investment-type contracts, net 35 159 256
Treasury stock reissued 33 46 36
Other, net 0 (120) [1] (234) [1]
Net cash provided (used) by financing activities (2,065) (1,619) (2,187)
Effect of exchange rate changes on cash and cash equivalents 0 (4) 0
Net change in cash and cash equivalents (1,368) 509 (308)
Cash and cash equivalents, beginning of period 4,859 4,350 4,658
Cash and cash equivalents, end of period 3,491 4,859 4,350
Supplemental disclosures of cash flow information:      
Income taxes paid 780 1,526 996
Interest paid 196 211 236
Noncash interest 44 57 53
Impairment losses included in realized investment losses 37 85 154
Noncash financing activities:      
Capitalized lease obligations 12 1 6
Associate stock bonus      
Noncash financing activities:      
Treasury stock issued 29 30 35
Shareholder dividend reinvestment      
Noncash financing activities:      
Treasury stock issued 29 27 26
Share-based compensation grants      
Noncash financing activities:      
Treasury stock issued $ 1 4 3
Senior Notes due 2039 and 2040      
Expense on extinguishment of debt   $ 137  
8.50% senior notes due May 2019      
Expense on extinguishment of debt     $ 230
[1] Operating activities excludes and financing activities includes a cash outflow of $137 in 2016 and $230 in 2015 for the payments associated with the early extinguishment of debt