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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities:      
Net earnings, including noncontrolling interests $ 668 $ 370 $ 406
Adjustments:      
Depreciation and amortization 134 134 144
Annuity benefits 800 732 648
Realized (gains) losses on investing activities (61) 100 (58)
Net (purchases) sales of trading securities 79 10 (109)
Deferred annuity and life policy acquisition costs (230) (224) (198)
Change in:      
Reinsurance and other receivables (315) (10) (199)
Other assets (467) (13) (87)
Insurance claims and reserves 533 451 587
Payable to reinsurers 43 (54) 134
Other liabilities 265 12 (63)
Managed investment entities’ assets/liabilities (279) (190) 2
Other operating activities, net (20) 35 24
Net cash provided by operating activities 1,150 1,353 1,231
Investing Activities:      
Purchases of fixed maturities (7,537) (7,201) (6,846)
Purchases of equity securities (207) (570) (471)
Purchases of mortgage loans (341) (213) (450)
Purchases of other investments, including equity index call options (738) (534) (312)
Purchases of real estate, property and equipment (49) (102) (47)
Purchases of businesses 0 0 (267)
Proceeds from maturities and redemptions of fixed maturities 4,713 3,333 2,988
Proceeds from repayments of mortgage loans 262 265 116
Proceeds from sales of fixed maturities 641 321 287
Proceeds from sales of equity securities 348 364 155
Proceeds from sales and settlements of other investments, including equity index call options 319 374 369
Proceeds from sales of real estate, property and equipment 55 117 14
Proceeds from sales of businesses 0 7 0
Cash and cash equivalents of businesses acquired (sold) 0 (49) 1,078
Managed investment entities:      
Purchases of investments (2,254) (1,530) (1,692)
Proceeds from sales and redemptions of investments 1,890 855 1,417
Other investing activities, net (83) (10) 33
Net cash used in investing activities (2,981) (4,573) (3,628)
Financing Activities:      
Annuity receipts 4,585 4,485 3,696
Annuity surrenders, benefits and withdrawals (2,275) (2,025) (1,773)
Net transfers from variable annuity assets 42 43 43
Additional long-term borrowings 302 145 145
Reductions of long-term debt (18) (192) (2)
Issuances of managed investment entities’ liabilities 2,293 1,026 1,400
Retirements of managed investment entities’ liabilities (1,600) (136) (1,094)
Issuances of Common Stock 35 61 47
Repurchases of Common Stock (133) (126) (191)
Cash dividends paid on Common Stock (185) (176) (167)
Acquisition of noncontrolling interests in subsidiary (315) 0 0
Other financing activities, net (13) (8) (3)
Net cash provided by (used in) financing activities 2,718 3,097 2,101
Net Change in Cash and Cash Equivalents 887 (123) (296)
Cash and cash equivalents at beginning of year 1,220 1,343 1,639
Cash and cash equivalents at end of year $ 2,107 $ 1,220 $ 1,343