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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 2,398 $ 1,370
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums (4) (65)
Capitalization of deferred policy acquisition costs (515) (604)
Amortization of deferred policy acquisition costs 592 622
Increase in policy liabilities 478 936
Change in income tax liabilities 98 (117)
Net investment (gains) losses (396) 633
Other, net (323) (174)
Net cash provided (used) by operating activities 2,328 2,601
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 1,468 1,981
Equity securities 124 93
Held-to-maturity fixed maturity securities 2 2
Commercial mortgage and other loans 1,679 685
Costs of investments acquired:    
Available for sale fixed maturity securities (3,365) (2,691)
Equity securities (258) (150)
Commercial mortgage and other loans (2,376) (2,108)
Other investments, net (685) (293)
Settlement of derivatives, net 155 21
Cash received (pledged or returned) as collateral, net 2,412 459
Other, net 5 (119)
Net cash provided (used) by investing activities (839) (2,120)
Cash flows from financing activities:    
Purchases of treasury stock (1,150) (637)
Proceeds from borrowings 1,153 1,545
Principal payments under debt obligations (700) (350)
Dividends paid to shareholders (430) (388)
Change in investment-type contracts, net (24) (17)
Treasury stock reissued 13 21
Other, net (3) (22)
Net cash provided (used) by financing activities (1,141) 152
Effect of exchange rate changes on cash and cash equivalents (20) (1)
Net change in cash and cash equivalents 328 632
Cash and cash equivalents, beginning of period 5,141 4,896
Cash and cash equivalents, end of period 5,469 5,528
Supplemental disclosures of cash flow information:    
Income taxes paid 480 536
Interest paid 109 97
Noncash interest 14 19
Noncash financing activities:    
Lease obligations 30 22
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 8 8
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 16 14
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 4 $ 6