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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net earnings $ 717 $ 592
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 14 106
Capitalization of deferred policy acquisition costs (349) (335)
Amortization of deferred policy acquisition costs 314 294
Increase in policy liabilities 572 666
Change in income tax liabilities (131) 271
Realized investment (gains) losses 134 140
Other, net (33) 23
Net cash provided (used) by operating activities 1,238 1,757
Securities available for sale:    
Fixed maturity securities sold 433 1,385
Fixed maturity securities matured or called 510 204
Equity securities sold 157 155
Securities held to maturity:    
Fixed maturity securities matured or called 50 228
Other investments - loan receivables proceeds 146 34
Costs of investments acquired:    
Available for sale fixed maturity securities acquired (3,975) (3,726)
Equity securities acquired (166) (157)
Other investments, loan receivables acquired (1,772) (123)
Other investments, excluding loan receivables. net (125) (114)
Settlement of derivatives, net (1) (44)
Cash received (pledged or returned) as collateral, net 4,578 654
Other, net (34) (23)
Net cash provided (used) by investing activities (199) (1,527)
Cash flows from financing activities:    
Purchases of treasury stock (296) (610)
Proceeds from borrowings 2 524
Principal payments under debt obligations 0 (654)
Dividends paid to shareholders (195) (166)
Change in investment-type contracts, net 7 18
Treasury stock reissued 14 11
Other, net (5) 1
Net cash provided (used) by financing activities (473) (876)
Effect of exchange rate changes on cash and cash equivalents 23 (8)
Net change in cash and cash equivalents 589 (654)
Cash and cash equivalents, beginning of period 3,491 4,859
Cash and cash equivalents, end of period 4,080 4,205
Supplemental disclosures of cash flow information:    
Income taxes paid 396 58
Interest paid 36 47
Noncash interest 21 15
Impairment losses included in realized investment losses 7 10
Noncash financing activities:    
Capital lease obligations 1 2
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 5 6
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 8 7
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 2 $ 1