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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 3,286 $ 3,826
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 22 12
Capitalization of deferred policy acquisition costs (778) (870)
Amortization of deferred policy acquisition costs 869 914
Increase in policy liabilities 770 1,601
Change in income tax liabilities 325 (1,509)
Net investment (gains) losses (224) 525
Other, net (89) 102
Net cash provided (used) by operating activities 4,181 4,601
Proceeds from investments sold or matured:    
Available-for-sale fixed maturity securities 2,719 2,688
Equity securities 210 217
Held-to-maturity fixed maturity securities 2 3
Commercial mortgage and other loans 2,625 1,115
Costs of investments acquired:    
Available for sale fixed maturity securities (4,187) (3,710)
Equity securities (458) (275)
Commercial mortgage and other loans (3,434) (2,554)
Other investments, net (929) (405)
Settlement of derivatives, net 171 15
Cash received (pledged or returned) as collateral, net 2,123 (420)
Other, net (13) (185)
Net cash provided (used) by investing activities (1,171) (3,511)
Cash flows from financing activities:    
Purchases of treasury stock (1,676) (1,037)
Proceeds from borrowings 1,153 1,545
Principal payments under debt obligations (700) (350)
Dividends paid to shareholders (647) (580)
Change in investment-type contracts, net (25) (7)
Treasury stock reissued 13 27
Other, net (15) (29)
Net cash provided (used) by financing activities (1,897) (431)
Effect of exchange rate changes on cash and cash equivalents (46) 8
Net change in cash and cash equivalents 1,067 667
Cash and cash equivalents, beginning of period 5,141 4,896
Cash and cash equivalents, end of period 6,208 5,563
Supplemental disclosures of cash flow information:    
Income taxes paid 478 626
Interest paid 146 131
Noncash interest 36 47
Noncash financing activities:    
Lease obligations 36 31
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 16 12
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 23 22
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 4 $ 6