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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 6,255 $ 6,888
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 67,505 77,865
Sales, maturities and repayments of equity securities 893 184
Sales, maturities and repayments of mortgage loans 6,751 6,494
Sales, maturities and repayments of real estate and real estate joint ventures 171 503
Sales, maturities and repayments of other limited partnership interests 450 582
Purchases of fixed maturity securities (74,049) (72,892)
Purchases of equity securities (776) (227)
Purchases of mortgage loans (9,088) (10,545)
Purchases of real estate and real estate joint ventures (674) (334)
Purchases of other limited partnership interests (401) (669)
Cash received in connection with freestanding derivatives 2,478 1,524
Cash paid in connection with freestanding derivatives (2,709) (2,600)
Cash received under repurchase agreements (Note 6) 0 199
Cash paid under reverse repurchase agreements (Note 6) 0 (199)
Purchases of investments in operating joint ventures (39) 0
Net change in policy loans 107 (5)
Net change in short-term investments (415) (6,233)
Net change in other invested assets 133 (257)
Other, net (245) (150)
Net cash provided by (used in) investing activities (9,908) (6,760)
Cash flows from financing activities    
Policyholder account balances: Deposits 41,348 44,433
Policyholder account balances: Withdrawals (39,893) (46,372)
Net change in payables for collateral under securities loaned and other transactions 8,594 205
Net change in short-term debt 3 0
Long-term debt issued 0 1,492
Long-term debt repaid (1,264) (1,020)
Collateral financing arrangements repaid (26) (32)
Treasury stock acquired in connection with share repurchases (70) (1,000)
Preferred stock issued, net of issuance costs 0 1,485
Repurchase of preferred stock 0 (905)
Preferred stock repurchase premium 0 (27)
Dividends on preferred stock (52) (61)
Dividends on common stock (854) (814)
Other, net (170) 52
Net cash provided by (used in) financing activities 7,616 (2,564)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances 352 (298)
Change in cash and cash equivalents 4,315 (2,734)
Cash and cash equivalents, beginning of period 12,752 10,808
Cash and cash equivalents, end of period 17,067 8,074
Supplemental disclosures of cash flow information:    
Net cash paid for Interest 623 587
Net cash paid (received) for Income tax 393 344
Non-cash transactions:    
Reduction of fixed maturity securities in connection with a reinsurance transaction 224 0
Deconsolidation of operating joint venture (Note 6):    
Reduction of fixed maturity securities 917 0
Reduction of noncontrolling interests $ 373 $ 0