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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 61 $ (6,056) $ (349)
(Income) loss from discontinued operations 42 (4) 90
Noncash revenues, expenses, gains and losses included in income (loss):      
Net (gains) losses on sales of securities available for sale and other assets 98 (431) (2,033)
Net gain on sale of divested businesses (38) (68) (545)
(Gains) losses on extinguishment of debt 7 (5) 74
Unrealized losses in earnings - net 443 79 1,465
Equity in loss from equity method investments, net of dividends or distributions 363 350 1,053
Depreciation and other amortization 5,362 3,874 4,090
Impairments of assets 425 685 1,116
Changes in operating assets and liabilities:      
Insurance reserves 1,065 2,637 5,325
Premiums and other receivables and payables - net 887 410 536
Reinsurance assets and funds held under reinsurance treaties (3,289) (10,870) (1,804)
Capitalization of deferred policy acquisition costs (5,832) (4,819) (5,216)
Current and deferred income taxes - net 0 6,981 (308)
Other, net 467 (581) 8
Total adjustments (42) (1,758) 3,761
Net cash provided by (used in) operating activities 61 (7,818) 3,502
Sales or distribution of:      
Available for sale securities 25,143 31,082 30,103
Other securities 3,755 3,792 4,164
Other invested assets 4,365 6,913 8,447
Divested businesses, net 10 792 2,809
Maturities of fixed maturity securities available for sale 24,777 29,011 25,749
Principal payments received on and sales of mortgage and other loans receivable 4,272 5,742 6,074
Purchases of:      
Available for sale securities (44,109) (49,856) (54,978)
Other securities (1,318) (1,147) (935)
Other invested assets (2,839) (2,874) (3,421)
Mortgage and other loans receivable (10,286) (9,369) (10,651)
Acquisition of businesses, net of cash and restricted cash acquired (5,717) 0 0
Net change in short-term investments 1,524 2,098 (3,089)
Other, net 200 (2,143) (1,020)
Net cash provided by (used in) investing activities (223) 14,041 3,252
Proceeds from (payments for)      
Policyholder contract deposits 24,178 17,908 18,100
Policyholder contract withdrawals (17,999) (15,785) (14,041)
Issuance of long-term debt 4,734 3,356 5,954
Repayments of long-term debt (3,672) (3,698) (4,082)
Purchase of common stock (1,739) (6,275) (11,460)
Dividends paid (1,138) (1,172) (1,372)
Other, net (3,570) (31) 68
Net cash provided by (used in) financing activities 794 (5,697) (6,833)
Effect of exchange rate changes on cash and restricted cash (11) (29) 55
Net increase (decrease) in cash and restricted cash 621 497 (24)
Cash and restricted cash at beginning of year 2,737 2,107 2,238
Change in cash of businesses held for sale 0 133 (107)
Cash and restricted cash at end of year $ 3,358 $ 2,737 $ 2,107