XML 50 R10.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 1,002 $ 1,179
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Net realized capital losses (gains) (243) 31
Amortization of deferred policy acquisition costs 747 744
Additions to deferred policy acquisition costs (799) (701)
Depreciation and amortization 221 237
Loss on extinguishment of debt 0 (6)
Gain on sale 0 (213)
Other operating activities, net 64 291
Change in assets and liabilities:    
Decrease in reinsurance recoverables 57 136
Decrease (increase) in accrued and deferred income taxes 277 (112)
Increase (decrease) in insurance liabilities 565 (77)
Net change in other assets and other liabilities (887) (251)
Net cash provided by operating activities 1,004 1,270
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 10,770 14,712
Fixed maturities, fair value option 4 11
Fixed maturities, fair value option 1,024 1,027
Mortgage loans 346 234
Partnerships 122 331
Payments for the purchase of:    
Fixed maturities, available-for-sale (11,027) (13,261)
Equity securities, at fair value (951) (953)
Mortgage loans (280) (383)
Partnerships (167) (316)
Net proceeds from (payments for) derivatives 45 (234)
Net proceeds from (payments for) derivatives (44) (59)
Net proceeds from (payments for) short-term investments 2,090 (2,427)
Other investing activities, net (1) (4)
Proceeds from business sold, net of cash transferred 0 1,115
Amount paid for business aquired, net of cash acquired 1,901 0
Net cash provided by (used for) investing activities 30 (207)
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 106 1,814
Withdrawals and other deductions from investment and universal life-type contracts (77) (9,206)
Net transfers from separate accounts related to investment and universal life-type contracts   6,949
Repayments at maturity or settlement of consumer notes   (2)
Net increase (decrease) in securities loaned or sold under agreements to repurchase (178) (671)
Repayment of debt (413) (826)
Proceeds from the issuance of debt 0 (490)
Net issuance (return) of shares under incentive and stock compensation plans (39) 5
Treasury stock acquired (27) 0
Dividends paid on preferred stock (11)  
Dividends paid on common stock (216) (180)
Net cash used for financing activities (855) (1,627)
Foreign exchange rate effect on cash (17) (6)
Net increase (decrease) in cash, including cash classified as assets held for sale 162 (570)
Less: Net increase (decrease) in cash classified as assets held for sale 0 (537)
Net increase (decrease) in cash and restricted cash 162 (33)
Cash and restricted cash– end of period 226  
Supplemental Disclosure of Cash Flow Information    
Income tax paid (1) (1)
Interest paid 137 156
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 283 $ 147