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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities:    
Net earnings, including noncontrolling interests $ 190 $ 190
Adjustments:    
Depreciation and amortization 57 78
Annuity benefits 334 254
Realized gains on investing activities (32) (105)
Net (purchases) sales of trading securities (33) 24
Deferred annuity and life policy acquisition costs (102) (83)
Change in:    
Reinsurance and other receivables 283 659
Other assets (54) (41)
Insurance claims and reserves 11 (617)
Payable to reinsurers (66) (108)
Other liabilities (37) 45
Managed investment entities’ assets/liabilities (45) (115)
Other operating activities, net (7) 15
Net cash provided by operating activities 499 196
Investing Activities:    
Purchases of fixed maturities (3,426) (3,009)
Purchases of equity securities (274) (274)
Purchases of mortgage loans (180) (73)
Purchases of real estate, property and equipment (20) (38)
Purchases of businesses (267) 0
Proceeds from maturities and redemptions of fixed maturities 1,609 1,456
Proceeds from repayments of mortgage loans 41 82
Proceeds from sales of fixed maturities 183 139
Proceeds from sales of equity securities 65 142
Cash and cash equivalents of businesses acquired 1,078 0
Managed investment entities:    
Purchases of investments (650) (829)
Proceeds from sales and redemptions of investments 813 1,215
Other investing activities, net 58 (3)
Net cash used in investing activities (970) (1,192)
Financing Activities:    
Annuity receipts 1,916 1,685
Annuity surrenders, benefits and withdrawals (827) (749)
Net transfers from variable annuity assets 16 12
Reductions of long-term debt (1) (4)
Issuances of managed investment entities’ liabilities 200 652
Retirement of managed investment entities’ liabilities (297) (960)
Issuances of Common Stock 24 31
Repurchases of Common Stock (44) (70)
Cash dividends paid on Common Stock (39) (34)
Other financing activities, net 0 (1)
Net cash provided by financing activities 948 562
Net Change in Cash and Cash Equivalents 477 (434)
Cash and cash equivalents at beginning of period 1,639 1,705
Cash and cash equivalents at end of period $ 2,116 $ 1,271