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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 4,325 $ 4,778 $ 3,304
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums 72 52 (32)
Capitalization of deferred policy acquisition costs (1,063) (1,142) (1,452)
Amortization of deferred policy acquisition costs 1,170 1,214 1,282
Increase in policy liabilities 976 2,023 2,104
Change in income tax liabilities 118 (1,419) (244)
Net investment (gains) losses (468) 270 135
Other, net (79) 182 358
Net cash provided (used) by operating activities 5,051 5,958 5,455
Proceeds from investments sold or matured:      
Available-for-sale fixed maturity securities 4,157 3,725 5,284
Equity securities 264 234 650
Held-to-maturity fixed maturity securities 4 4 622
Commercial mortgage and other loans 4,099 2,085 1,814
Costs of investments acquired:      
Available for sale fixed maturity securities (5,813) (4,772) (6,934)
Equity securities (492) (498) (347)
Commercial mortgage and other loans (5,282) (3,263) (4,401)
Other investments, net (1,066) (860) (653)
Settlement of derivatives, net 199 18 (9)
Cash received (pledged or returned) as collateral, net 1,511 (1,027) 926
Other, net 41 (265) (123)
Net cash provided (used) by investing activities (2,378) (4,619) (3,171)
Cash flows from financing activities:      
Purchases of treasury stock (2,301) (1,537) (1,627)
Proceeds from borrowings 1,153 1,545 615
Principal payments under debt obligations (700) (350) 0
Dividends paid to shareholders (855) (769) (771)
Change in investment-type contracts, net (36) (11) (1)
Treasury stock reissued 26 34 49
Other, net (26) (27) 22
Net cash provided (used) by financing activities (2,739) (1,115) (1,713)
Effect of exchange rate changes on cash and cash equivalents (24) 21 (12)
Net change in cash and cash equivalents (90) 245 559
Cash and cash equivalents, beginning of period 5,141 4,896 4,337
Cash and cash equivalents, end of period 5,051 5,141 4,896
Supplemental disclosures of cash flow information:      
Income taxes paid 880 800 1,384
Interest paid 213 210 190
Noncash interest 24 32 37
Noncash financing activities:      
Lease obligations 46 56 132
Associate stock bonus      
Treasury stock issued for:      
Treasury stock issued 19 19 15
Shareholder dividend reinvestment      
Treasury stock issued for:      
Treasury stock issued 32 29 30
Share-based compensation grants      
Treasury stock issued for:      
Treasury stock issued $ 4 $ 6 $ 5