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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 4,080 $ (6,112)
Loss from discontinued operations 0 1
Noncash revenues, expenses, gains and losses included in income (loss):    
Net gains on sales of securities available for sale and other assets (579) (418)
Net (gains) losses on sale or disposal of divested businesses (6) 8,628
Losses on extinguishment of debt 98 17
Unrealized gains in earnings - net (1,267) (1,704)
Equity in loss from equity method investments, net of dividends or distributions 31 232
Depreciation and other amortization 2,370 2,560
Impairments of assets 25 66
Changes in operating assets and liabilities:    
Insurance reserves 4,889 2,033
Premiums and other receivables and payables - net (1,381) 1,778
Reinsurance assets and funds held under reinsurance contracts (1,928) (2,295)
Capitalization of deferred policy acquisition costs (2,688) (2,224)
Current and deferred income taxes - net 199 (1,732)
Other, net (1,033) (1,069)
Total adjustments (1,270) 5,872
Net cash provided by (used in) operating activities 2,810 (239)
Sales or distribution of:    
Available for sale securities 12,559 13,858
Other securities 465 2,037
Other invested assets 1,807 2,134
Divested businesses, net 0 2,119
Maturities of fixed maturity securities available for sale 17,749 12,761
Principal payments received on and sales of mortgage and other loans receivable 4,115 2,359
Purchases of:    
Available for sale securities (34,667) (29,804)
Other securities (95) (519)
Other invested assets (1,558) (1,385)
Mortgage and other loans receivable (3,719) (2,653)
Net change in short-term investments 3,065 (7,857)
Other, net (1,366) 4,047
Net cash used in investing activities (1,645) (2,903)
Proceeds from (payments for)    
Policyholder contract deposits 13,172 9,912
Policyholder contract withdrawals (11,214) (8,505)
Issuance of long-term debt and debt of consolidated investment entities 54 4,139
Repayments of long-term debt and debt of consolidated investment entities (1,839) (513)
Purchase of common stock (592) (500)
Dividends paid on preferred stock (15) (15)
Dividends paid on common stock (550) (551)
Other, net (298) (269)
Net cash provided by (used in) financing activities (1,300) 3,704
Effect of exchange rate changes on cash and restricted cash (34) 3
Net increase (decrease) in cash and restricted cash (169) 565
Cash and restricted cash at beginning of year 3,230 3,287
Cash and restricted cash at end of period 3,061 3,852
Debt of consolidated investments    
Proceeds from (payments for)    
Issuance of long-term debt and debt of consolidated investment entities 2,542 1,370
Repayments of long-term debt and debt of consolidated investment entities $ (2,560) $ (1,364)