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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income (loss) $ 2,085 $ 1,807 $ (3,131)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Net realized capital losses (gains) (395) 165 (111)
Amortization of deferred policy acquisition costs 1,622 1,442 1,417
Additions to deferred policy acquisition costs (1,635) (1,404) (1,383)
Depreciation and amortization 451 467 399
Pension settlement expense 0 0 747
Loss on extinguishment of debt (90) (6) 0
Loss (gain) on sale of business 0 (202) 3,257
Other operating activities, net 76 408 408
Change in assets and liabilities:      
Increase in reinsurance recoverables (81) (323) (935)
Increase (decrease) in accrued and deferred income taxes 886 (103) 170
Impact of tax reform on accrued and deferred income taxes 0 0 877
Increase in insurance liabilities 768 493 1,648
Net change in other assets and other liabilities (378) 87 (1,177)
Cash provided by operating activities 3,489 2,843 2,186
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities, available-for-sale 18,499 24,700 31,646
Fixed maturities, fair value option 36 23 148
Proceeds from Sale and Maturity of Marketable Securities 1,553 1,230 0
Equity securities, available-for-sale 0 0 810
Mortgage loans 771 483 734
Partnerships 238 433 274
Payments for the purchase of:      
Fixed maturities, available-for-sale (19,881) (23,173) (30,923)
Payments to Acquire Marketable Securities (1,316) (1,500) 0
Equity securities, available-for-sale 0 0 (638)
Mortgage loans (1,275) (983) (1,096)
Partnerships (303) (481) (509)
Net proceeds from (payments for) derivatives 32 (224) (314)
Net additions to property and equipment (105) (122) (250)
Net proceeds from (payments for) short-term investments 1,491 (3,460) (144)
Other investing activities, net 13 (3) 21
Proceeds from businesses sold, net of cash transferred 0 1,115 222
Amounts paid for business acquired, net of cash acquired (1,901) 0 (1,423)
Net cash used for investing activities (2,148) (1,962) (1,442)
Financing Activities      
Deposits and other additions to investment and universal life-type contracts 123 1,814 4,602
Withdrawals and other deductions from investment and universal life-type contracts (124) (9,210) (13,562)
Net transfers from separate accounts related to investment and universal life-type contracts 0 6,949 7,969
Repayments at maturity or settlement of consumer notes 0 (2) (13)
Net increase (decrease) in securities loaned or sold under agreements to repurchase (323) (621) 1,320
Repayment of debt (1,583) (826) (416)
Proceeds from the issuance of debt 1,376 490 500
Proceeds from Issuance of Redeemable Preferred Stock 0 334 0
Net return of shares under incentive and stock compensation plans (6) (16) (10)
Treasury stock acquired (200)   (1,028)
Payments for Repurchase of Preferred Stock and Preference Stock (21)    
Dividends paid on common stock (433) (379) (341)
Net cash used for financing activities (1,191) (1,467) (979)
Foreign exchange rate effect on cash (9) (10) 70
Net increase (decrease) in cash, including cash classified as assets held for sale 141 (596) (165)
Less: Net decrease in cash classified as assets held for sale 0 (537) (17)
Net increase (decrease) in cash, including cash classified as assets held for sale 141 (59) (148)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 121 180 328
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 262 121 180
Supplemental Disclosure of Cash Flow Information      
Income tax received 396 9 6
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 261 $ 292 $ 322