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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 8,605 $ 10,437
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 57,024 78,227
Sales, maturities and repayments of equity securities 220 323
Sales, maturities and repayments of mortgage loans 7,935 6,878
Sales, maturities and repayments of real estate and real estate joint ventures 552 561
Sales, maturities and repayments of other limited partnership interests 548 514
Purchases of fixed maturity securities available-for-sale (62,803) (84,014)
Purchases of equity securities (89) (118)
Purchases of mortgage loans (11,417) (10,624)
Purchases of real estate and real estate joint ventures (1,097) (912)
Purchases of other limited partnership interests (1,166) (1,047)
Cash received in connection with freestanding derivatives 2,977 3,130
Cash paid in connection with freestanding derivatives (3,294) (3,745)
Net change in policy loans 6 (62)
Net change in short-term investments 481 (301)
Net change in other invested assets (241) 174
Other, net (129) 24
Net cash provided by (used in) investing activities (10,493) (10,992)
Cash flows from financing activities    
Policyholder account balances: Deposits 69,645 72,037
Policyholder account balances: Withdrawals (64,655) (67,869)
Net change in payables for collateral under securities loaned and other transactions 3,703 644
Cash received for other transactions with tenors greater than three months 125 75
Cash paid for other transactions with tenors greater than three months (200) 0
Long-term debt issued 1,382 24
Long-term debt repaid (901) (1,311)
Collateral financing arrangement repaid (47) (48)
Financing element on certain derivative instruments and other derivative related transactions, net 18 (15)
Treasury stock acquired in connection with share repurchases (2,035) (2,792)
Preferred stock issued, net of issuance costs 0 1,274
Dividends on preferred stock (121) (84)
Dividends on common stock (1,237) (1,263)
Other, net (100) (141)
Net cash provided by (used in) financing activities 5,577 531
Effect of change in foreign currency exchange rates on cash and cash equivalents balances (58) (187)
Change in cash and cash equivalents 3,631 (211)
Cash and cash equivalents, beginning of period 15,821 12,701
Cash and cash equivalents, end of period 19,452 12,490
Supplemental disclosures of cash flow information    
Net cash paid for Interest 647 809
Net cash paid (received) for Income tax 842 695
Non-cash transactions:    
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions 410 3,016
Reduction of long-term debt 0 944
Reduction of fair value option securities 0 1,030
Reclassification of certain equity securities to other invested assets $ 0 $ 791