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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 2,523 $ 2,395
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums (36) (27)
Capitalization of deferred policy acquisition costs (1,057) (1,082)
Amortization of deferred policy acquisition costs 967 932
Increase in policy liabilities 1,659 1,821
Change in income tax liabilities (85) 38
Realized investment (gains) losses 147 76
Other, net 145 506
Net cash provided (used) by operating activities 4,263 4,659
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 3,127 5,991
Equity securities 570 369
Held-to-maturity fixed maturity securities 437 880
Commercial mortgage and other loans 1,293 597
Costs of investments acquired:    
Available for sale fixed maturity securities (5,908) (7,845)
Equity securities (321) (338)
Commercial mortgage and other loans (2,634) (4,150)
Other investments, net (682) (136)
Settlement of derivatives, net 13 (141)
Cash received (pledged or returned) as collateral, net 1,144 1,413
Other, net 15 188
Net cash provided (used) by investing activities (2,946) (3,172)
Cash flows from financing activities:    
Purchases of treasury stock (1,157) (923)
Proceeds from borrowings 268 0
Dividends paid to shareholders (579) (595)
Change in investment-type contracts, net 0 (17)
Treasury stock reissued 38 36
Other, net 1 (14)
Net cash provided (used) by financing activities (1,429) (1,513)
Effect of exchange rate changes on cash and cash equivalents (9) (36)
Net change in cash and cash equivalents (121) (62)
Cash and cash equivalents, beginning of period 4,337 3,491
Cash and cash equivalents, end of period 4,216 3,429
Supplemental disclosures of cash flow information:    
Income taxes paid 950 827
Interest paid 132 124
Noncash interest 38 41
Impairment losses and loan loss reserves included in realized investment losses 21 17
Noncash financing activities:    
Lease obligations 82 10
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 12 7
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 21 8
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 5 $ 2