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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income $ 628 $ 669
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 494 614
Changes in operating assets and liabilities, net:    
Receivables (507) (223)
Deferred acquisition costs (43) (41)
Insurance reserves 563 262
Other assets (151) (108)
Other liabilities (115) (79)
Trading securities 1,282 137
Net cash flow operating activities 2,151 1,231
Investing Activities:    
Purchases of fixed maturities (5,608) (4,840)
Proceeds from sales of fixed maturities 4,781 3,142
Proceeds from maturities of fixed maturities 1,306 1,770
Purchases of limited partnership investments (73) (47)
Proceeds from sales of limited partnership investments 94 119
Purchases of property, plant and equipment (480) (476)
Acquisitions (10) (1,222)
Dispositions 2 69
Change in short term investments (1,104) (29)
Other, net (145) (40)
Net cash flow investing activities (1,237) (1,554)
Financing Activities:    
Dividends paid (40) (42)
Dividends paid to noncontrolling interests (100) (96)
Purchases of Loews treasury stock (799) (6)
Principal payments on debt (605) (908)
Issuance of debt 533 1,401
Other, net 83 (1)
Net cash flow financing activities (928) 348
Effect of foreign exchange rate on cash (5) 5
Net change in cash (19) 30
Cash, beginning of period 472 327
Cash, end of period $ 453 $ 357