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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 775 $ 2,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 818 500
Realized capital (gains) losses (1,011) (682)
Pension and other postretirement remeasurement (gains) losses (404) 320
Amortization of deferred gain on reinsurance (5) (3)
Interest credited to contractholder funds 396 482
Loss on disposition of operations, net of tax 3,754 0
Changes in:    
Policy benefits and other insurance reserves 2,375 (73)
Unearned premiums 1,490 710
Deferred policy acquisition costs (492) (55)
Premium installment receivables, net (606) (153)
Reinsurance recoverables, net (1,973) 121
Income taxes 31 (617)
Other operating assets and liabilities (903) 670
Net cash provided by operating activities 4,245 4,172
Proceeds from sales    
Fixed income securities 22,610 25,567
Equity securities 3,151 7,544
Limited partnership interests 574 991
Other investments 696 209
Investment collections    
Fixed income securities 1,965 1,676
Mortgage loans 747 278
Other investments 421 158
Investment purchases    
Fixed income securities (22,682) (31,743)
Equity securities (1,790) (3,882)
Limited partnership interests (927) (796)
Mortgage loans (97) (197)
Other investments (1,470) (299)
Change in short-term and other investments, net 854 (515)
Purchases of property and equipment, net (286) (235)
Acquisition of operations, net of cash acquired (3,481) 1
Other 4 0
Net cash provided by (used in) investing activities 289 (1,243)
Cash flows from financing activities    
Redemption and repayment of long-term debt (422) 0
Redemption of preferred stock (450) (288)
Contractholder fund deposits 741 749
Contractholder fund withdrawals (1,036) (1,151)
Dividends paid on common stock (650) (500)
Dividends paid on preferred stock (87) (82)
Treasury stock purchases (2,257) (1,737)
Shares reissued under equity incentive plans, net 108 54
Other (12) 58
Net cash used in financing activities (4,065) (2,897)
Net increase in cash, including cash classified as assets held for sale 469 32
Cash from continuing operations at beginning of period 311 273
Cash classified as assets held for sale at beginning of period 66 65
Less: Cash classified as assets held for sale at end of period 156 66
Cash from continuing operations at end of period $ 690 $ 304