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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]      
Net income $ 2,098 $ 1,480 $ 1,313
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion, net 198 234 248
Deferred income tax expense (benefit) 25 156 (34)
Share-based compensation 144 121 134
Net realized investment (gains) losses (9) (50) (16)
Net trading (gains) losses (12) (7) (6)
Loss from equity method investments 63 100 54
Other-than-temporary impairments and provision for loan losses     4
Net (gains) losses of consolidated investment entities (47) 5 (38)
Changes in operating assets and liabilities:      
Restricted and segregated investments 499 (348) (24)
Deferred acquisition costs 4 (35) 55
Policyholder account balances, future policy benefits and claims, net 528 (441) 8
Derivatives, net of collateral (144) 595 59
Receivables (398) (457) (150)
Brokerage deposits (255) (198) 310
Accounts payable and accrued expenses (100) 206 174
Other operating assets and liabilities of consolidated investment entities, net 29   (9)
Other, net (26) 162 249
Net Cash Provided by (Used in) Operating Activities 2,597 1,523 2,331
Available-for-Sale securities:      
Proceeds from sales 435 454 366
Maturities, sinking fund payments and calls 6,738 4,957 4,421
Purchases (8,346) (5,419) (6,498)
Proceeds from sales, maturities and repayments of mortgage loans 295 699 810
Funding of mortgage loans (235) (479) (451)
Proceeds from sales, maturities and collections of other investments 722 329 253
Purchase of other investments (653) (519) (269)
Purchase of investments by consolidated investment entities (411) (1,268) (845)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 1,086 1,349 1,421
Purchase of land, buildings, equipment and software (162) (162) (92)
Cash paid for written options with deferred premiums (133) (82) (8)
Cash received from written options with deferred premiums 133 77 78
Other, net (56) (107) 31
Net cash (used in) provided by investing activities (587) (171) (783)
Investment certificates:      
Proceeds from additions 6,238 4,725 4,250
Maturities, withdrawals and cash surrenders (4,745) (4,262) (3,155)
Policyholder account balances:      
Deposits and other additions 1,933 2,059 2,086
Net transfers to (from) separate accounts (75) (157) 127
Surrenders and other benefits (1,904) (1,893) (1,932)
Cash paid for purchased options with deferred premiums (228) (282) (341)
Cash received for purchased options with deferred premiums 254 116 276
Issuance of long-term debt, net of issuance costs     496
Repayments of long-term debt (13) (11) (257)
Dividends paid to shareholders (506) (491) (479)
Change in short-term borrowings, net     (1)
Repurchase of common shares (1,630) (1,485) (1,707)
Exercise of stock options 2 15 9
Borrowings of Consolidated Investment Entities 936    
Repayments of debt by consolidated investment entities (1,528) (118) (517)
Other, net 3 (1) 3
Net cash provided by (used in) financing activities (1,263) (1,785) (1,142)
Effect of exchange rate changes on cash (8) 35 (75)
Net increase (decrease) in cash and cash equivalents, including amounts restricted 739 (398) 331
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning balance 5,144 5,542 5,557
Net cash outflows upon the deconsolidation of VIEs     (346)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, ending balance $ 5,883 $ 5,144 $ 5,542