XML 49 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income $ 249 $ 273
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized capital losses (gains) (80) 231
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
Amortization of deferred policy acquisition costs 416 437
Additions to deferred policy acquisition costs (449) (447)
Depreciation and amortization 174 134
Other operating activities, net 15 79
Increase in reinsurance recoverables (66) (75)
Net change in accrued and deferred income taxes 70 53
Increase in insurance liabilities 996 235
Net change in other assets and other liabilities (566) (622)
Net cash provided by operating activities 759 298
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 5,536 3,906
Equity securities, at fair value 157 645
Mortgage loans 307 329
Partnerships 56 34
Payments for the purchase of:    
Fixed maturities, available-for-sale (5,049) (3,578)
Equity securities, at fair value (756) (518)
Mortgage loans (400) (487)
Partnerships (245) (97)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (27) (161)
Net additions of property and equipment (23) (23)
Net proceeds from (payments for) short-term investments (54) 407
Other investing activities, net (6) (2)
Net cash provided by (used for) investing activities (450) 777
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 22 15
Withdrawals and other deductions from investment and universal life-type contracts (44) (10)
Net decrease in securities loaned or sold under agreements to repurchase 0 (237)
Repayment of debt 0 (500)
Net return of shares under incentive and stock compensation plans 0 (32)
Treasury stock acquired (123) (150)
Dividends paid on preferred stock (5) (5)
Dividends paid on common stock (116) (108)
Net cash used for financing activities (266) (1,027)
Effect of Exchange Rate on Cash and Cash Equivalents (3) (9)
Cash and Cash Equivalents, Including Cash Held-for-sale, Period Increase (Decrease) 40 39
Cash and Cash Equivalents, Held-for-sale, Period Increase (Decrease) (1) 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 41 39
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 239 262
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 280 301
Supplemental Disclosure of Cash Flow Information    
Income tax received (paid) 32 (1)
Interest paid $ 58 $ 74