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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 566 $ 928
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 15 35
Capitalization of deferred policy acquisition costs (325) (357)
Amortization of deferred policy acquisition costs 333 340
Increase in policy liabilities 368 468
Change in income tax liabilities 153 316
Realized investment (gains) losses 463 (71)
Other, net (159) (115)
Net cash provided (used) by operating activities 1,414 1,544
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 726 760
Equity securities 3 153
Held-to-maturity fixed maturity securities 0 155
Commercial mortgage and other loans 408 493
Costs of investments acquired:    
Available for sale fixed maturity securities (1,817) (2,548)
Equity securities (6) (151)
Commercial mortgage and other loans (1,787) (669)
Other investments, net (361) (442)
Settlement of derivatives, net 13 (3)
Cash received (pledged or returned) as collateral, net 1,160 976
Other, net (55) (15)
Net cash provided (used) by investing activities (1,716) (1,291)
Cash flows from financing activities:    
Purchases of treasury stock (449) (490)
Proceeds from borrowings 545 0
Principal payments under debt obligations (350) 0
Dividends paid to shareholders (195) (195)
Change in investment-type contracts, net (5) (13)
Treasury stock reissued 9 12
Other, net (1) 0
Net cash provided (used) by financing activities (446) (686)
Effect of exchange rate changes on cash and cash equivalents 0 (12)
Net change in cash and cash equivalents (748) (445)
Cash and cash equivalents, beginning of period 4,896 4,337
Cash and cash equivalents, end of period 4,148 3,892
Supplemental disclosures of cash flow information:    
Income taxes paid 2 (2)
Interest paid 39 36
Noncash interest 15 22
Noncash financing activities:    
Lease obligations 13 1
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 5 6
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 7 8
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 5 $ 4