XML 25 R8.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net (loss) income $ (378) $ 244
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 452 571
Net (gains) losses on investments and derivatives 1,000 (902)
Pension and other postretirement remeasurement (gains) losses 12 (444)
Amortization of deferred gain on reinsurance 0 (4)
Loss on disposition of operations, net of tax 0 3,971
Changes in:    
Accident, health and other policy benefits 1,223 1,115
Unearned premiums 1,202 599
Deferred policy acquisition costs (310) (273)
Premium installment receivables, net (664) (335)
Reinsurance recoverables, net 645 (1,032)
Income taxes (290) 165
Other operating assets and liabilities (787) (759)
Net cash provided by operating activities 2,105 2,916
Proceeds from sales    
Fixed income securities 19,928 16,493
Equity securities 7,622 1,867
Limited partnership interests 633 352
Other investments 926 637
Investment collections    
Fixed income securities 259 1,390
Mortgage loans 60 480
Other investments 110 243
Investment purchases    
Fixed income securities (22,907) (16,733)
Equity securities (6,028) (1,322)
Limited partnership interests (590) (576)
Mortgage loans (89) (4)
Other investments (232) (1,251)
Change in short-term and other investments, net 398 1,941
Purchases of property and equipment, net (228) (197)
Acquisition of operations, net of cash acquired 0 (3,481)
Other 0 4
Net cash used in investing activities (138) (157)
Cash flows from financing activities    
Redemption and repayment of long-term debt 0 (422)
Redemption of preferred stock 0 (250)
Contractholder fund deposits 69 499
Contractholder fund withdrawals (21) (711)
Dividends paid on common stock (466) (409)
Dividends paid on preferred stock (53) (57)
Treasury stock purchases (1,485) (1,031)
Shares reissued under equity incentive plans, net 55 85
Other (63) (26)
Net cash used in financing activities (1,964) (2,322)
Net increase in cash, including cash classified as assets held for sale 3 437
Cash from continuing operations at beginning of period 763 311
Cash classified as assets held for sale at beginning of period 0 66
Less: Cash classified as assets held for sale at end of period 0 158
Cash from continuing operations at end of period $ 766 $ 656