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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net earnings $ 1,964 $ 2,344 $ 1,497
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums 2,940 1,078 406
Increase in deferred policy acquisition costs (574) (416) (358)
Increase in policy liabilities 4,685 3,448 3,019
Change in income tax liabilities 251 128 139
Realized investment (gains) losses 1,552 422 1,212
Other, net 24 (15) 246
Net cash provided (used) by operating activities 10,842 6,989 6,161
Securities available for sale:      
Fixed maturities sold 14,385 2,724 4,798
Fixed maturities matured or called 170 1,243 1,976
Perpetual securities sold 690 700 595
Equity securities sold 0 328 2
Securities held to maturity:      
Fixed maturities matured or called 728 196 212
Securities available for sale:      
Fixed maturities acquired (8,392) (9,943) (7,521)
Equity securities acquired 0 (330) (2)
Securities held to maturity:      
Fixed maturities acquired (18,995) (2,010) (4,167)
Purchase of subsidiary 0 0 (83)
Cash received as collateral on loaned securities, net 647 (312) (1,214)
Other, net (62) (28) (72)
Net cash provided (used) by investing activities (10,829) (7,432) (5,476)
Cash flows from financing activities:      
Purchases of treasury stock (308) (121) (10)
Proceeds from borrowings 620 748 1,405
Principal payments under debt obligations (462) (451) (560)
Dividends paid to shareholders (552) (535) (524)
Change in investment-type contracts, net 733 419 364
Treasury stock reissued 26 45 17
Other, net 7 56 7
Net cash provided (used) by financing activities 64 161 699
Effect of exchange rate changes on cash and cash equivalents 51 80 (2)
Net change in cash and cash equivalents 128 (202) 1,382
Cash and cash equivalents, beginning of period 2,121 2,323 941
Cash and cash equivalents, end of period 2,249 2,121 2,323
Supplemental disclosures of cash flow information:      
Income taxes paid 828 1,017 627
Interest paid 191 134 61
Impairment losses included in realized investment losses 1,901 [1] 459 [2] 1,361 [2]
Noncash financing activities:      
Capitalized lease obligations 6 3 2
Associate stock bonus
     
Treasury stock issued for:      
Treasury stock issued 32 0 7
Shareholder dividend reinvestment
     
Treasury stock issued for:      
Treasury stock issued 23 0 0
Share-based compensation grants
     
Treasury stock issued for:      
Treasury stock issued $ 2 $ 2 $ 4
[1] Includes $1.3 billion for credit-related impairments and $615 million from change in intent to sell securities
[2] Consisted completely of credit-related impairments