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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities    
Net Income $ 1,725 $ 1,403
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 276 286
Realized investment (gains) losses 36 (97)
Deferred income taxes (benefits) 6 31
Net changes in assets and liabilities, net of non-operating effects:    
Premiums, accounts and notes receivable (5) (222)
Reinsurance recoverables 60 64
Deferred policy acquisition costs (139) (137)
Other assets 244 (71)
Insurance liabilities 955 973
Accounts payable, accrued expenses and other liabilities (246) (159)
Current income taxes 70 83
Distributions from partnership investments 71 74
Other, net (33) 48
Net cash provided by (used in) operating activities 3,020 2,276
Proceeds from investments sold:    
Fixed maturities and equity securities 1,273 930
Investment maturities and repayments:    
Fixed maturities and equity securities 887 945
Commercial mortgage loans 88 118
Other sales, maturities and repayments (primarily short-term and other long-term investments) 412 1,059
Investments purchased or originated:    
Fixed maturities and equity securities (3,544) (2,938)
Commercial mortgage loans (194) (194)
Other (primarily short-term and other long-term investments) (501) (444)
Property and equipment purchases (220) (194)
Acquisitions, net of cash acquired 0 (14)
Net cash provided by (used in) investing activities (1,799) (732)
Cash Flows from Financing Activities    
Deposits and interest credited to contractholder deposit funds 574 686
Withdrawals and benefit payments from contractholder deposit funds (594) (733)
Net change in short-term debt (5) (14)
Repayment of long-term debt (131) (250)
Repurchase of common stock (310) (895)
Issuance of common stock 27 76
Other, net (103) (13)
Net cash provided by (used in) financing activities (542) (1,143)
Effect of foreign currency rate changes on cash and cash equivalents (17) 25
Net increase / (decrease) in cash and cash equivalents 662 426
Cash and cash equivalents, January 1, 2,972 3,185
Cash and cash equivalents, June 30, 3,634 3,611
Supplemental Disclosure of Cash Information:    
Income taxes paid, net of refunds 519 504
Interest paid $ 127 $ 123