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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Net earnings, including noncontrolling interests $ 477 $ 668 $ 370
Adjustments:      
Depreciation and amortization 107 134 134
Annuity benefits 892 800 732
Realized (gains) losses on investing activities (23) (61) 100
Net sales of trading securities 17 79 10
Deferred annuity and life policy acquisition costs (225) (230) (224)
Change in:      
Reinsurance and other receivables (963) (315) (10)
Other assets 13 (467) (13)
Insurance claims and reserves 1,321 533 451
Payable to reinsurers 109 43 (54)
Other liabilities (18) 265 12
Managed investment entities’ assets/liabilities 60 (279) (190)
Other operating activities, net 37 (20) 35
Net cash provided by operating activities 1,804 1,150 1,353
Investing Activities:      
Purchases of fixed maturities (9,485) (7,537) (7,201)
Purchases of equity securities (182) (207) (570)
Purchases of mortgage loans (254) (341) (213)
Purchases of equity index call options and other investments (831) (738) (534)
Purchases of real estate, property and equipment (109) (49) (102)
Proceeds from maturities and redemptions of fixed maturities 6,105 4,713 3,333
Proceeds from repayments of mortgage loans 215 262 265
Proceeds from sales of fixed maturities 392 641 321
Proceeds from sales of equity securities 216 348 364
Proceeds from sales and settlements of equity index call options and other investments 789 319 374
Proceeds from sales of real estate, property and equipment 55 55 117
Proceeds from sales of businesses 0 0 7
Cash and cash equivalents of businesses sold 0 0 (49)
Managed investment entities:      
Purchases of investments (2,979) (2,254) (1,530)
Proceeds from sales and redemptions of investments 2,774 1,890 855
Other investing activities, net 2 (83) (10)
Net cash used in investing activities (3,292) (2,981) (4,573)
Financing Activities:      
Annuity receipts 4,341 4,585 4,485
Annuity surrenders, benefits and withdrawals (2,405) (2,275) (2,025)
Net transfers from variable annuity assets 54 42 43
Additional long-term borrowings 712 302 145
Reductions of long-term debt (745) (18) (192)
Issuances of managed investment entities’ liabilities 2,731 2,293 1,026
Retirements of managed investment entities’ liabilities (2,585) (1,600) (136)
Issuances of Common Stock 37 35 61
Repurchases of Common Stock 0 (133) (126)
Cash dividends paid on Common Stock (417) (185) (176)
Acquisition of noncontrolling interests in subsidiary 0 (315) 0
Other financing activities, net (4) (13) (8)
Net cash provided by (used in) financing activities 1,719 2,718 3,097
Net Change in Cash and Cash Equivalents 231 887 (123)
Cash and cash equivalents at beginning of year 2,107 1,220 1,343
Cash and cash equivalents at end of year $ 2,338 $ 2,107 $ 1,220