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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net earnings $ 2,420 $ 2,398
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Change in receivables and advance premiums (29) (4)
Capitalization of deferred policy acquisition costs (509) (515)
Amortization of deferred policy acquisition costs 590 592
Increase in policy liabilities 357 478
Change in income tax liabilities 52 98
Net investment (gains) losses (686) (396)
Other, net (425) (323)
Net cash provided (used) by operating activities 1,770 2,328
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 2,164 1,468
Equity securities 398 124
Held-to-maturity fixed maturity securities 2 2
Commercial mortgage and other loans 1,270 1,679
Costs of investments acquired:    
Available-for-sale fixed maturity securities (2,395) (3,365)
Equity securities (320) (258)
Commercial mortgage and other loans (2,537) (2,376)
Other investments, net (180) (685)
Settlement of derivatives, net (330) 155
Cash received (pledged or returned) as collateral, net 1,839 2,412
Other, net 172 5
Net cash provided (used) by investing activities 83 (839)
Cash flows from financing activities:    
Purchases of treasury stock (1,150) (1,150)
Proceeds from borrowings 0 1,153
Principal payments under debt obligations 0 (700)
Dividends paid to shareholders (498) (430)
Change in investment-type contracts, net (41) (24)
Treasury stock reissued 10 13
Other, net 35 (3)
Net cash provided (used) by financing activities (1,644) (1,141)
Effect of exchange rate changes on cash and cash equivalents (87) (20)
Net change in cash and cash equivalents 122 328
Cash and cash equivalents, beginning of period 5,051 5,141
Cash and cash equivalents, end of period 5,173 5,469
Supplemental disclosures of cash flow information:    
Income taxes paid 505 480
Interest paid 104 109
Noncash interest 8 14
Noncash financing activities:    
Lease obligations 66 30
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 8 8
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 19 16
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 6 $ 4