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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 $ 917 $ 593
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 140 146
Realized investment (gains) losses 33 (46)
Deferred income taxes (benefits) 9 11
Net changes in assets and liabilities, net of non-operating effects:    
Premiums, accounts and notes receivable (53) (55)
Reinsurance recoverables 31 41
Deferred policy acquisition costs (76) (76)
Other assets 114 (22)
Insurance liabilities 849 868
Accounts payable, accrued expenses and other liabilities (191) (186)
Current income taxes 260 291
Distributions from partnership investments 34 45
Other, net (42) (31)
Net cash provided by (used in) operating activities 2,025 1,579
Proceeds from investments sold:    
Fixed maturities and equity securities 499 414
Investment maturities and repayments:    
Fixed maturities and equity securities 297 475
Commercial mortgage loans 28 21
Other sales, maturities and repayments (primarily short-term and other long-term investments) 112 667
Investments purchased or originated:    
Fixed maturities and equity securities (2,259) (1,240)
Commercial mortgage loans (68) (107)
Other (primarily short-term and other long-term investments) (206) (256)
Property and equipment purchases, net (103) (91)
Net cash provided by (used in) investing activities (1,700) (117)
Cash Flows from Financing Activities    
Deposits and interest credited to contractholder deposit funds 292 374
Withdrawals and benefit payments from contractholder deposit funds (306) (385)
Net change in short-term debt (3) (10)
Repayment of long-term debt (131) (250)
Repurchase of common stock (310) (239)
Issuance of common stock 20 38
Other, net (92) (43)
Net cash provided by (used in) financing activities (530) (515)
Effect of foreign currency rate changes on cash and cash equivalents 4 23
Net increase / (decrease) in cash and cash equivalents (201) 970
Cash and cash equivalents, January 1, 2,972 3,185
Cash and cash equivalents, March 31, 2,771 4,155
Supplemental Disclosure of Cash Information:    
Income taxes paid, net of refunds 31 (8)
Interest paid $ 46 $ 70