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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net earnings, including noncontrolling interests $ 311 $ 280
Adjustments:    
Depreciation and amortization 105 91
Annuity benefits 635 640
Realized gains on investing activities (18) (6)
Net sales of trading securities 5 73
Deferred annuity and life policy acquisition costs (177) (172)
Change in:    
Reinsurance and other receivables (1,467) (972)
Other assets (59) (193)
Insurance claims and reserves 1,372 796
Payable to reinsurers 272 244
Other liabilities 0 230
Managed investment entities’ assets/liabilities 14 (235)
Other operating activities, net 0 (30)
Net cash provided by operating activities 993 746
Investing Activities:    
Purchases of fixed maturities (7,163) (5,604)
Purchases of equity securities (73) (143)
Purchases of mortgage loans (149) (310)
Purchases of equity index call options and other investments (594) (490)
Purchases of real estate, property and equipment (46) (37)
Proceeds from maturities and redemptions of fixed maturities 4,690 3,111
Proceeds from repayments of mortgage loans 191 197
Proceeds from sales of fixed maturities 179 496
Proceeds from sales of equity securities 97 193
Proceeds from sales and settlements of equity index call options and other investments 565 138
Proceeds from sales of real estate, property and equipment 54 45
Managed investment entities:    
Purchases of investments (2,330) (1,405)
Proceeds from sales and redemptions of investments 2,343 1,381
Other investing activities, net 6 (91)
Net cash used in investing activities (2,230) (2,519)
Financing Activities:    
Annuity receipts 3,432 3,474
Annuity surrenders, benefits and withdrawals (1,725) (1,726)
Net transfers from variable annuity assets 43 29
Additional long-term borrowings 345 302
Reductions of long-term debt (355) 0
Issuances of managed investment entities’ liabilities 1,926 1,028
Retirements of managed investment entities’ liabilities (1,998) (747)
Issuances of Common Stock 30 34
Repurchases of Common Stock 0 (124)
Cash dividends paid on Common Stock (212) (72)
Other financing activities, net (7) (6)
Net cash provided by financing activities 1,479 2,192
Net Change in Cash and Cash Equivalents 242 419
Cash and cash equivalents at beginning of period 2,107 1,220
Cash and cash equivalents at end of period $ 2,349 $ 1,639