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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net income$ 535$ 1,061
Adjustments to reconcile net income to net cash provided by operating activities  
Amortization of deferred policy acquisition costs and present value of future profits2,8192,027
Additions to deferred policy acquisition costs and present value of future profits(1,961)(1,999)
Change in reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums1,309(17)
Change in reinsurance recoverables(31)247
Change in receivables and other assets(452)(29)
Change in payables and accruals(141)(92)
Change in accrued and deferred income taxes(472)(5)
Net realized capital (gain) losses(360)526
Net receipts (disbursements) from investment contracts related to policyholder funds - international variable annuities(2,059)174
Net (increase) decrease in equity securities, trading2,050(174)
Depreciation and amortization532449
Goodwill impairment 153
Other operating activities, net(145)(76)
Net cash provided by operating activities1,6242,245
Proceeds from the sale/maturity/prepayment of:  
Fixed maturities, available-for-sale26,12437,320
Fixed maturities fair value option40 
Equity securities, available-for-sale130207
Mortgage loans3661,517
Partnerships151312
Payments for the purchase of:  
Fixed maturities, available-for-sale(26,513)(39,485)
Fixed maturities, fair value option(664)0
Equity securities, available-for-sale(200)(135)
Mortgage loans(1,503)(273)
Partnerships(594)(226)
Proceeds from business sold278130
Derivative, net1,603504
Change in policy loans, net5(6)
Change in payables for collateral under securities lending, net (46)
Other investing activities, net(119)(105)
Net cash used for investing activities(896)(286)
Financing Activities  
Deposits and other additions to investment and universal life-type contracts8,4199,458
Withdrawals and other deductions from investment and universal life-type contracts(16,123)(16,426)
Net transfers from separate accounts related to investment and universal life-type contracts7,6615,998
Proceeds from issuance of long-term debt 1,090
Repayments at maturity for long-term debt and payments on capital lease obligations (343)
Repayments at maturity or settlement of consumer notes(33)(752)
Net proceeds from issuance of mandatory convertible preferred stock 556
Net proceeds from issuance of common shares under public offering 1,600
Redemption of preferred stock issued to the U.S. Treasury (3,400)
Proceeds from net issuance of shares under incentive and stock compensation plans, excess tax benefit and other617
Dividends paid on preferred stock(32)(75)
Dividends paid on common stock(107)(62)
Changes in bank deposits and payments on bank advances(30)(56)
Net cash used for financing activities(239)(2,395)
Foreign exchange rate effect on cash381
Net increase (decrease) in cash527(435)
Cash - beginning of period2,0622,142
Cash - end of period2,5891,707
Supplemental Disclosure of Cash Flow Information  
Income taxes paid245249
Interest paid$ 340$ 324