XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net earnings $ 1,370 $ 1,745
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums (65) (17)
Capitalization of deferred policy acquisition costs (604) (712)
Amortization of deferred policy acquisition costs 622 649
Increase in policy liabilities 936 1,019
Change in income tax liabilities (117) (268)
Realized investment (gains) losses 633 (5)
Other, net (174) (54)
Net cash provided (used) by operating activities 2,601 2,357
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 1,981 2,105
Equity securities 93 154
Held-to-maturity fixed maturity securities 2 203
Commercial mortgage and other loans 685 888
Costs of investments acquired:    
Available for sale fixed maturity securities (2,691) (4,352)
Equity securities (150) (181)
Commercial mortgage and other loans (2,108) (1,534)
Other investments, net (293) (616)
Settlement of derivatives, net 21 (14)
Cash received (pledged or returned) as collateral, net 459 495
Other, net (119) 125
Net cash provided (used) by investing activities (2,120) (2,727)
Cash flows from financing activities:    
Purchases of treasury stock (637) (847)
Proceeds from borrowings 1,545 268
Principal payments under debt obligations (350) 0
Dividends paid to shareholders (388) (389)
Change in investment-type contracts, net (17) (34)
Treasury stock reissued 21 26
Other, net (22) (2)
Net cash provided (used) by financing activities 152 (978)
Effect of exchange rate changes on cash and cash equivalents (1) 30
Net change in cash and cash equivalents 632 (1,318)
Cash and cash equivalents, beginning of period 4,896 4,337
Cash and cash equivalents, end of period 5,528 3,019
Supplemental disclosures of cash flow information:    
Income taxes paid 536 874
Interest paid 97 93
Noncash interest 19 22
Noncash financing activities:    
Lease obligations 22 1
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 8 8
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 14 14
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 6 $ 5