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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 621 $ 628
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 604 494
Changes in operating assets and liabilities, net:    
Receivables (79) (507)
Deferred acquisition costs (47) (43)
Insurance reserves 203 563
Other assets (296) (151)
Other liabilities 73 (115)
Trading securities (605) 1,282
Net cash flow provided by operating activities 474 2,151
Investing Activities:    
Purchases of fixed maturities (4,896) (5,608)
Proceeds from sales of fixed maturities 3,858 4,781
Proceeds from maturities of fixed maturities 1,374 1,306
Purchases of limited partnership investments (139) (73)
Proceeds from sales of limited partnership investments 559 94
Purchases of property, plant and equipment (505) (480)
Acquisitions (256) (10)
Dispositions 136 2
Change in short term investments 6 (1,104)
Other, net (93) (145)
Net cash flow provided by investing activities 44 (1,237)
Financing Activities:    
Dividends paid (38) (40)
Dividends paid to noncontrolling interests (78) (100)
Purchases of Loews treasury stock (478) (799)
Purchases of subsidiary stock from noncontrolling interests (16)  
Principal payments on debt (1,394) (605)
Issuance of debt 1,534 533
Other, net (15) 83
Net cash flow used by financing activities (485) (928)
Effect of foreign exchange rate on cash 2 (5)
Net change in cash 35 (19)
Cash, beginning of period 405 472
Cash, end of period $ 440 $ 453