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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings $ 1,032 $ 1,293
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Change in receivables and advance premiums (30) (19)
Capitalization of deferred policy acquisition costs (255) (262)
Amortization of deferred policy acquisition costs 322 311
Increase in policy liabilities 198 204
Change in income tax liabilities 321 331
Net investment (gains) losses (122) (307)
Other, net (206) (185)
Net cash provided (used) by operating activities 1,260 1,366
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 545 651
Equity securities 102 123
Commercial mortgage and other loans 638 725
Costs of investments acquired:    
Available-for-sale fixed maturity securities (707) (2,475)
Equity securities (114) (126)
Commercial mortgage and other loans (1,161) (956)
Other investments, net (138) (201)
Settlement of derivatives, net (558) 116
Cash received (pledged or returned) as collateral, net 142 1,206
Other, net 41 (32)
Net cash provided (used) by investing activities (1,210) (969)
Cash flows from financing activities:    
Purchases of treasury stock (500) (650)
Proceeds from borrowings 0 400
Dividends paid to shareholders (250) (219)
Change in investment-type contracts, net (21) (12)
Treasury stock reissued 9 9
Other, net 25 2
Net cash provided (used) by financing activities (737) (470)
Effect of exchange rate changes on cash and cash equivalents (89) (78)
Net change in cash and cash equivalents (776) (151)
Cash and cash equivalents, beginning of period 5,051 5,141
Cash and cash equivalents, end of period 4,275 4,990
Supplemental disclosures of cash flow information:    
Income taxes paid (77) (20)
Interest paid 37 35
Noncash interest 19 27
Noncash financing activities:    
Lease obligations 73 20
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 3 7
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 9 8
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 5 $ 4