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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net earnings $ 3,826 $ 2,523
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 12 (36)
Capitalization of deferred policy acquisition costs (870) (1,057)
Amortization of deferred policy acquisition costs 914 967
Increase in policy liabilities 1,601 1,659
Change in income tax liabilities (1,509) (85)
Realized investment (gains) losses 525 147
Other, net 102 145
Net cash provided (used) by operating activities 4,601 4,263
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 2,688 3,127
Equity securities 217 570
Held-to-maturity fixed maturity securities 3 437
Commercial mortgage and other loans 1,115 1,293
Costs of investments acquired:    
Available for sale fixed maturity securities (3,710) (5,908)
Equity securities (275) (321)
Commercial mortgage and other loans (2,554) (2,634)
Other investments, net (405) (682)
Settlement of derivatives, net 15 13
Cash received (pledged or returned) as collateral, net (420) 1,144
Other, net (185) 15
Net cash provided (used) by investing activities (3,511) (2,946)
Cash flows from financing activities:    
Purchases of treasury stock (1,037) (1,157)
Proceeds from borrowings 1,545 268
Principal payments under debt obligations (350) 0
Dividends paid to shareholders (580) (579)
Change in investment-type contracts, net (7) 0
Treasury stock reissued 27 38
Other, net (29) 1
Net cash provided (used) by financing activities (431) (1,429)
Effect of exchange rate changes on cash and cash equivalents 8 (9)
Net change in cash and cash equivalents 667 (121)
Cash and cash equivalents, beginning of period 4,896 4,337
Cash and cash equivalents, end of period 5,563 4,216
Supplemental disclosures of cash flow information:    
Income taxes paid 626 950
Interest paid 131 132
Noncash interest 47 38
Noncash financing activities:    
Lease obligations 31 82
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 12 12
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 22 21
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 6 $ 5