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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 1,200 $ 1,537
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized capital losses (gains) 65 (332)
Amortization of deferred policy acquisition costs 1,287 1,184
Additions to deferred policy acquisition costs (1,268) (1,222)
Depreciation and amortization 411 333
Gain (Loss) on Extinguishment of Debt 0 90
Gain (Loss) on Disposition of Business (51)  
Other operating activities, net 129 75
Change in assets and liabilities:    
Decrease (increase) in reinsurance recoverables (186) 115
Net change in accrued and deferred income taxes 437 784
Increase in insurance liabilities 1,019 630
Net change in other assets and other liabilities (490) (748)
Net cash provided by operating activities 2,655 2,446
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 14,734 14,335
Fixed maturities, fair value option 11 7
Equity securities, at fair value 1,420 1,260
Mortgage loans 710 491
Partnerships 84 201
Payments for the purchase of:    
Fixed maturities, available-for-sale (15,544) (15,592)
Equity securities, at fair value (758) (847)
Mortgage loans (995) (515)
Partnerships (235) (218)
Net proceeds from derivatives 131 60
Net additions of property and equipment (78) (75)
Net proceeds from (payments for) short-term investments (475) 1,480
Other investing activities, net (12) (6)
Payments to Acquire Businesses, Net of Cash Acquired 0 1,901
Net cash used for investing activities (1,007) (1,320)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 44 107
Withdrawals and other deductions from investment and universal life-type contracts (78) (101)
Net decrease in securities loaned or sold under agreements to repurchase (511) (291)
Repayment of debt (500) (1,583)
Proceeds from Issuance of Other Long-term Debt 0 1,376
Net return of shares under incentive and stock compensation plans (27) (18)
Treasury stock acquired (150) (90)
Dividends paid on preferred stock (16) (16)
Dividends paid on common stock (341) (327)
Net cash used for financing activities (1,579) (943)
Foreign exchange rate effect on cash (3) (14)
Cash and Cash Equivalents, Including Cash Held-for-sale, Period Increase (Decrease) 66 169
Cash and Cash Equivalents, Held-for-sale, Period Increase (Decrease) 58 0
Net increase in cash and restricted cash, including cash classified within assets held for sale 8 169
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 262 121
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 270 290
Supplemental Disclosure of Cash Flow Information    
Income tax received 161 420
Interest paid $ 183 $ 210