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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:    
Net earnings, including noncontrolling interests $ 300 $ 167
Adjustments:    
Depreciation and amortization 69 53
Annuity benefits 420 451
Realized gains on investing activities (28) (3)
Net sales of trading securities 31 85
Deferred annuity and life policy acquisition costs (133) (124)
Change in:    
Reinsurance and other receivables (291) 42
Other assets (8) (86)
Insurance claims and reserves 275 121
Payable to reinsurers 47 (3)
Other liabilities (32) 12
Managed investment entities’ assets/liabilities (72) (199)
Other operating activities, net (4) (20)
Net cash provided by operating activities 574 496
Investing Activities:    
Purchases of fixed maturities (5,387) (3,776)
Purchases of equity securities (44) (101)
Purchases of mortgage loans (146) (255)
Purchases of equity index call options and other investments (360) (304)
Purchases of real estate, property and equipment (30) (26)
Proceeds from maturities and redemptions of fixed maturities 3,285 2,073
Proceeds from repayments of mortgage loans 110 163
Proceeds from sales of fixed maturities 150 373
Proceeds from sales of equity securities 50 139
Proceeds from sales and settlements of equity index call options and other investments 360 13
Proceeds from sales of real estate, property and equipment 53 43
Managed investment entities:    
Purchases of investments (1,780) (869)
Proceeds from sales and redemptions of investments 1,738 771
Other investing activities, net 7 (61)
Net cash used in investing activities (1,994) (1,817)
Financing Activities:    
Annuity receipts 2,556 2,533
Annuity surrenders, benefits and withdrawals (1,161) (1,118)
Net transfers from variable annuity assets 30 17
Additional long-term borrowings 345 0
Reductions of long-term debt (230) 0
Issuances of managed investment entities’ liabilities 977 1,028
Retirements of managed investment entities’ liabilities (835) (682)
Issuances of Common Stock 27 20
Repurchases of Common Stock 0 (98)
Cash dividends paid on Common Stock (185) (48)
Other financing activities, net (4) (3)
Net cash provided by financing activities 1,520 1,649
Net Change in Cash and Cash Equivalents 100 328
Cash and cash equivalents at beginning of period 2,107 1,220
Cash and cash equivalents at end of period $ 2,207 $ 1,548