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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 887 $ 1,154
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized losses (gains) 483 (227)
Amortization of deferred policy acquisition costs 893 833
Additions to deferred policy acquisition costs (978) (885)
Depreciation and amortization 332 347
Gain (Loss) on Extinguishment of Debt 9 0
Other operating activities, net 0 (88)
Additional Cash Flow Elements, Operating Activities    
Increase (Decrease) in Reinsurance Recoverable (205) (220)
Net change in accrued and deferred income taxes (127) (24)
Increase in insurance liabilities 1,008 1,330
Net change in other assets and other liabilities (899) (623)
Net cash provided by operating activities 1,403 1,597
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 10,047 11,370
Fixed maturities, fair value option 1 0
Equity securities, at fair value 350 317
Mortgage loans 700 858
Partnerships 140 340
Payments for the purchase of:    
Fixed maturities, available-for-sale (9,644) (10,716)
Payments for the purchase of Fair Value Option Fixed Maturity Securties (216) 0
Equity securities, at fair value (472) (922)
Mortgage loans (1,176) (1,229)
Partnerships (541) (441)
Payments for (Proceeds from) Derivative Instrument, Investing Activities (52) 5
Net additions of property and equipment (77) (47)
Net proceeds from (payments for) short-term investments 1,207 (102)
Other investing activities, net 16 (2)
Net cash provided by (used for) investing activities 387 (579)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 46 42
Withdrawals and other deductions from investment and universal life-type contracts (68) (37)
Repayments of Short-Term Debt (600) 0
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans (34) 5
Treasury stock acquired (850) (691)
Dividends paid on preferred stock (10) (10)
Dividends paid on common stock (257) (242)
Net cash used for financing activities (1,773) (933)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (6) 1
Cash and Cash Equivalents, Including Cash Held-for-sale, Period Increase (Decrease) 11 86
Cash and Cash Equivalents, Held-for-sale, Period Increase (Decrease) 0 17
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 11 69
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 337 239
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 348 308
Supplemental Disclosure of Cash Flow Information    
Income tax paid 279 233
Interest paid $ 116 $ 107