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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net (loss) income $ (3,131) $ 896 $ 1,682
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Net realized capital (gains) losses (111) 187 156
Amortization of deferred policy acquisition costs 1,417 1,523 1,502
Additions to deferred policy acquisition costs (1,383) (1,390) (1,390)
Depreciation and amortization 399 398 373
Pension settlement expense 747 0 0
Loss on extinguishment of debt 0 0 21
Loss (gain) on sale of business 3,257 81 (6)
Other operating activities, net 408 178 153
Change in assets and liabilities:      
(Increase) decrease in reinsurance recoverables (935) 272 176
Increase (decrease) in accrued and deferred income taxes 170 (250) 363
Impact of tax reform on accrued and deferred income taxes 877 0 0
Increase in unpaid losses and loss adjustment expenses, reserve for future policy benefits, and unearned premiums 1,648 322 275
Net change in other assets and other liabilities (1,177) (151) (549)
Cash provided by operating activities 2,186 2,066 2,756
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities, available-for-sale 31,646 24,486 25,946
Fixed maturities, fair value option 148 238 181
Equity securities, available-for-sale 810 709 1,319
Mortgage loans 734 647 792
Partnerships 274 779 624
Payments for the purchase of:      
Fixed maturities, available-for-sale (30,923) (21,844) (27,744)
Fixed maturities, fair value option   (94) (251)
Equity securities, available-for-sale (638) (662) (1,454)
Mortgage loans (1,096) (717) (870)
Partnerships (509) (441) (620)
Net payments for derivatives (314) (247) (173)
Net additions to property and equipment (250) (224) (307)
Net (payments for) proceeds from short-term investments (144) (1,377) 3,071
Other investing activities, net 21 (129) (29)
Proceeds from businesses sold, net of cash transferred 222 0 0
Amounts paid for business acquired, net of cash acquired (1,423) (175) 0
Net cash (used for) provided by investing activities (1,442) 949 485
Financing Activities      
Deposits and other additions to investment and universal life-type contracts 4,602 4,186 4,718
Withdrawals and other deductions from investment and universal life-type contracts (13,562) (14,790) (17,085)
Net transfers from separate accounts related to investment and universal life-type contracts 7,969 9,822 11,046
Repayments at maturity or settlement of consumer notes (13) (17) (33)
Net increase in securities loaned or sold under agreements to repurchase 1,320 188 507
Repayment of debt (416) (275) (773)
Proceeds from the issuance of debt 500 0 0
Net (return) issuance of shares under incentive and stock compensation plans (10) 9 42
Treasury stock acquired (1,028) (1,330) (1,250)
Dividends paid on common stock (341) (334) (316)
Net cash used for financing activities (979) (2,541) (3,144)
Foreign exchange rate effect on cash 70 (40) (48)
Net (decrease) increase in cash, including cash classified as assets held for sale (165) 434 49
Less: Net (decrease) increase in cash classified as assets held for sale (17) 249 47
Net (decrease) increase in cash, including cash classified as assets held for sale (148) 185 2
Cash — beginning of period 328 143 141
Cash — end of period 180 328 143
Supplemental Disclosure of Cash Flow Information      
Income tax received (paid) 6 (130) 80
Interest paid $ 322 $ 336 $ 361