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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 949 $ 1,211
(Income) loss from discontinued operations 1 0
Noncash revenues, expenses, gains and losses included in income:    
Net gains on sales of securities available for sale and other assets (120) (112)
Net (gains) losses on sales of divested businesses (8) 100
(Gains) losses on extinguishment of debt 4 (1)
Unrealized (gains) losses in earnings - net 268 (226)
Equity in income from equity method investments, net of dividends or distributions (86) (109)
Depreciation and other amortization 1,382 1,012
Impairments of assets 105 173
Changes in operating assets and liabilities:    
Insurance reserves 137 401
Premiums and other receivables and payables - net 400 (189)
Reinsurance assets and funds held under reinsurance treaties (1,706) (12,237)
Capitalization of deferred policy acquisition costs (1,397) (1,201)
Current and deferred income taxes - net 250 446
Other, net (1,117) 396
Total adjustments (1,888) (11,547)
Net cash provided by (used in) operating activities (938) (10,336)
Sales or distribution of:    
Available for sale securities 5,638 15,307
Other securities 1,385 888
Other invested assets 1,064 1,816
Divested businesses, net 6 24
Maturities of fixed maturity securities available for sale 5,347 7,145
Principal payments received on and sales of mortgage and other loans receivable 1,037 1,543
Purchases of:    
Available for sale securities (9,042) (10,028)
Other securities (384) (185)
Other invested assets (847) (783)
Mortgage and other loans receivable (2,490) (2,181)
Net change in short-term investments (3,040) 1,250
Other, net (646) (297)
Net cash provided by (used in) investing activities (1,972) 14,499
Proceeds from (payments for)    
Policyholder contract deposits 7,069 4,002
Policyholder contract withdrawals (4,160) (3,682)
Issuance of long-term debt 3,039 151
Repayments of long-term debt (1,327) (602)
Purchase of Common Stock (298) (3,585)
Dividends paid (289) (307)
Other, net (1,548) (25)
Net cash provided by (used in) financing activities 2,486 (4,048)
Effect of exchange rate changes on cash and restricted cash 58 (82)
Net increase (decrease) in cash and restricted cash (366) 33
Cash and restricted cash at beginning of year 2,737 2,107
Change in cash of businesses held for sale 0 52
Cash and restricted cash at end of period $ 2,371 $ 2,192