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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings $ 2,920 $ 4,604 $ 2,659
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums (55) (91) 42
Capitalization of deferred policy acquisition costs (1,504) (1,468) (1,447)
Amortization of deferred policy acquisition costs 1,245 1,132 1,141
Increase in policy liabilities 2,343 2,890 3,331
Change in income tax liabilities 64 (1,240) (93)
Realized investment (gains) losses 430 151 14
Other, net 571 150 340 [1]
Net cash provided (used) by operating activities 6,014 6,128 5,987
Proceeds from investments sold or matured:      
Available-for-sale fixed maturity securities 7,888 4,680 6,723
Equity securities, FV-NI 429    
Equity securities, available for sale   902 350
Held-to-maturity fixed maturity securities 1,670 2,212 1,399
Other investments - loan receivables 936 303 90
Costs of investments acquired:      
Available for sale fixed maturity securities (9,086) (9,867) (10,890)
Equity securities, FV-NI (440)    
Equity securities, available-for-sale   (446) (1,079)
Other investments - loan receivables (4,848) (2,115) (1,110)
Other investments, excluding loan receivables, net (414) (206) (98)
Settlement of derivatives, net (241) (621) 1,252
Cash received (pledged or returned) as collateral, net 348 (205) (416)
Other, net 176 (68) (76)
Net cash provided (used) by investing activities (3,582) (5,431) (3,855)
Cash flows from financing activities:      
Purchases of treasury stock (1,301) (1,351) (1,422)
Proceeds from borrowings 1,020 1,040 986
Principal payments under debt obligations (550) (1,161) (610)
Dividends paid to shareholders (793) (661) (658)
Change in investment-type contracts, net (31) 35 159
Treasury stock reissued 58 33 46
Other, net (19) 0 (120) [1]
Net cash provided (used) by financing activities (1,616) (2,065) (1,619)
Effect of exchange rate changes on cash and cash equivalents 30 0 (4)
Net change in cash and cash equivalents 846 (1,368) 509
Cash and cash equivalents, beginning of period 3,491 4,859 4,350
Cash and cash equivalents, end of period 4,337 3,491 4,859
Supplemental disclosures of cash flow information:      
Income taxes paid 998 780 1,526
Interest paid 181 196 211
Noncash interest 41 44 57
Impairment losses included in realized investment losses 81    
Impairment losses included in realized investment losses   37 85
Noncash financing activities:      
Capitalized lease obligations 11 12 1
Senior Notes due 2039 and 2040      
Expense on extinguishment of debt     137
Associate stock bonus      
Noncash financing activities:      
Treasury stock issued 7 29 30
Shareholder dividend reinvestment      
Noncash financing activities:      
Treasury stock issued 8 29 27
Share-based compensation grants      
Noncash financing activities:      
Treasury stock issued $ 2 $ 1 $ 4
[1] Operating activities excludes and financing activities includes a cash outflow of $137 in 2016 for the payments associated with the early extinguishment of debt