Aflac Incorporated(NYSE:AFL)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, income support, GIFT, and whole and term life insurance products, as well as WAYS and c...
Website: http://www.aflac.com
Founded: 1955
Full Time Employees: 11,729
Sector: Financial Services
Industry: Insurance-Life
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| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2018-12-31 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2003-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earned premiums, principally supplemental health insurance | 3,325,000,000 | 3,372,000,000 | 3,470,000,000 | 3,381,000,000 | 3,331,000,000 | 3,328,000,000 | 3,325,000,000 | 3,456,000,000 | 3,386,000,000 | 3,476,000,000 | 3,573,000,000 | 3,688,000,000 | 3,584,000,000 | 3,651,000,000 | 3,849,000,000 | 4,178,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment income | 973,000,000 | 1,067,000,000 | 1,081,000,000 | 955,000,000 | 1,016,000,000 | 1,006,000,000 | 1,095,000,000 | 1,000,000,000 | 865,000,000 | 1,004,000,000 | 999,000,000 | 943,000,000 | 896,000,000 | 920,000,000 | 937,000,000 | 903,000,000 | 910,000,000 | 991,000,000 | 993,000,000 | 925,000,000 | 969,000,000 | 896,000,000 | 870,000,000 | 904,000,000 | 886,000,000 | 936,000,000 | 837,000,000 | 812,000,000 | 811,000,000 | 802,000,000 | 794,000,000 | 813,000,000 | 842,000,000 | 822,000,000 | 801,000,000 | 792,000,000 | 784,000,000 | 777,000,000 | 782,000,000 | 808,000,000 | 841,000,000 | 843,000,000 | 827,000,000 | 833,000,000 | 876,000,000 | 869,000,000 | 845,000,000 | 882,000,000 | 858,000,000 | 843,000,000 | 784,000,000 | 794,000,000 | 789,000,000 | 765,000,000 | 727,000,000 | 726,000,000 | 864,000,000 | 637,000,000 | 668,000,000 | 688,000,000 | 677,000,000 | 637,000,000 | 637,000,000 | 627,000,000 | 604,000,000 | 592,000,000 | 572,000,000 | 566,000,000 | 557,000,000 | 548,000,000 | 436,000,000 | |
net investment gains | 537,000,000 | 275,000,000 | -421,000,000 | -963,000,000 | 1,032,000,000 | -1,408,000,000 | 696,000,000 | 951,000,000 | -511,000,000 | 423,000,000 | 555,000,000 | 123,000,000 | -522,000,000 | 199,000,000 | 564,000,000 | 122,000,000 | 244,000,000 | -171,000,000 | 89,000,000 | 307,000,000 | 255,000,000 | 108,000,000 | -170,000,000 | -463,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other income | 31,000,000 | 26,000,000 | 30,000,000 | 25,000,000 | 24,000,000 | 23,000,000 | 22,000,000 | 29,000,000 | 38,000,000 | 47,000,000 | 45,000,000 | 46,000,000 | 52,000,000 | 50,000,000 | 50,000,000 | 69,000,000 | 41,000,000 | 45,000,000 | 41,000,000 | 44,000,000 | 36,000,000 | 38,000,000 | 43,000,000 | 40,000,000 | 34,000,000 | 17,000,000 | 16,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 227,000,000 | -2,000,000 | -21,000,000 | -25,000,000 | 19,000,000 | -10,000,000 | 19,000,000 | -1,000,000 | 74,000,000 | 38,000,000 | 5,000,000 | 5,000,000 | 35,000,000 | 28,000,000 | 32,000,000 | 8,000,000 | 25,000,000 | 18,000,000 | 17,000,000 | 16,000,000 | 30,000,000 | 15,000,000 | 13,000,000 | 9,000,000 | 37,000,000 | 48,000,000 | 4,000,000 | 33,000,000 | 24,000,000 | 4,000,000 | 4,000,000 | 16,000,000 | 12,000,000 | 18,000,000 | 8,000,000 | 15,000,000 | 16,000,000 | 12,000,000 | 11,000,000 | 24,000,000 | |
total revenues | 4,866,000,000 | 4,740,000,000 | 4,160,000,000 | 3,398,000,000 | 5,403,000,000 | 2,949,000,000 | 5,138,000,000 | 5,436,000,000 | 3,778,000,000 | 4,950,000,000 | 5,172,000,000 | 4,800,000,000 | 4,010,000,000 | 4,820,000,000 | 5,400,000,000 | 5,272,000,000 | 5,436,000,000 | 5,237,000,000 | 5,564,000,000 | 5,869,000,000 | 5,913,000,000 | 5,665,000,000 | 5,407,000,000 | 5,162,000,000 | 5,603,000,000 | 5,536,000,000 | 5,464,000,000 | 5,424,000,000 | 5,506,000,000 | 5,428,000,000 | 5,309,000,000 | 5,955,000,000 | 5,716,000,000 | 5,437,000,000 | 5,451,000,000 | 5,319,000,000 | 5,040,000,000 | 5,287,000,000 | 5,226,000,000 | 5,514,000,000 | 5,736,000,000 | 5,838,000,000 | 5,640,000,000 | 6,208,000,000 | 6,375,000,000 | 6,847,000,000 | 5,902,000,000 | 6,240,000,000 | 5,979,000,000 | 5,987,000,000 | 5,088,000,000 | 5,117,000,000 | 5,294,000,000 | 5,394,000,000 | 4,980,000,000 | 5,065,000,000 | 5,960,000,000 | 3,691,000,000 | 4,313,000,000 | 4,818,000,000 | 4,260,000,000 | 3,691,000,000 | 4,336,000,000 | 4,267,000,000 | 4,017,000,000 | 3,861,000,000 | 3,764,000,000 | 3,751,000,000 | 3,687,000,000 | 3,672,000,000 | ||
yoy | -9.94% | 60.73% | -19.03% | -37.49% | 43.01% | -40.42% | -0.66% | 13.25% | -5.79% | 2.70% | -4.22% | -8.95% | -26.23% | -7.96% | -2.95% | -10.17% | -8.07% | -7.56% | 2.90% | 13.70% | 5.53% | 2.33% | -5.53% | 3.30% | 0.54% | 2.92% | -8.92% | -3.67% | -0.17% | -2.61% | 11.96% | 13.41% | 2.84% | 4.31% | -3.54% | -12.13% | -9.44% | -7.34% | -11.18% | -10.02% | -14.74% | -4.44% | -0.51% | 6.62% | 14.36% | 16.00% | 21.95% | 12.94% | 10.99% | 2.17% | 1.03% | -11.17% | 46.14% | 15.46% | 5.13% | 39.91% | 0.00% | -0.53% | 12.91% | 6.05% | -4.40% | 15.20% | 13.76% | 8.95% | 5.15% | |||||||
qoq | 2.66% | 13.94% | 22.42% | -37.11% | 83.21% | -42.60% | -5.48% | 43.89% | -23.68% | -4.29% | 7.75% | 19.70% | -16.80% | -10.74% | 2.43% | -3.02% | 3.80% | -5.88% | -5.20% | -0.74% | 4.38% | 4.77% | 4.75% | -7.87% | 1.21% | 0.74% | -1.49% | 1.44% | 2.24% | -10.85% | 4.18% | 5.13% | -0.26% | 2.48% | 5.54% | -4.67% | 1.17% | -5.22% | -3.87% | -1.75% | 3.51% | -9.15% | -2.62% | -6.89% | 16.01% | -5.42% | 4.37% | -0.13% | 17.67% | -0.57% | -3.34% | -1.85% | 8.31% | -1.68% | -15.02% | 61.47% | -14.42% | -10.48% | 13.10% | 15.42% | -14.88% | 1.62% | 6.22% | 4.04% | 2.58% | 0.35% | 1.74% | 0.41% | ||||
benefits and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefits and claims, excluding reserve remeasurement | 1,938,000,000 | 2,016,000,000 | 2,047,000,000 | 1,986,000,000 | 1,966,000,000 | 2,003,000,000 | 1,972,000,000 | 2,066,000,000 | 2,174,000,000 | 2,065,000,000 | 2,152,000,000 | 2,203,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reserve remeasurement losses | -36,000,000 | -580,000,000 | -37,000,000 | -41,000,000 | -56,000,000 | -71,000,000 | -205,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total benefits and claims | 1,902,000,000 | 1,436,000,000 | 2,010,000,000 | 1,945,000,000 | 1,923,000,000 | 1,595,000,000 | 1,921,000,000 | 2,010,000,000 | 2,103,000,000 | 1,860,000,000 | 2,098,000,000 | 2,150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred policy acquisition costs | 219,000,000 | 218,000,000 | 221,000,000 | 216,000,000 | 213,000,000 | 214,000,000 | 208,000,000 | 215,000,000 | 208,000,000 | 201,000,000 | 202,000,000 | 205,000,000 | 294,000,000 | 268,000,000 | 268,000,000 | 322,000,000 | 301,000,000 | 278,000,000 | 280,000,000 | 311,000,000 | 300,000,000 | 292,000,000 | 289,000,000 | 333,000,000 | 315,000,000 | 317,000,000 | 314,000,000 | 284,000,000 | 271,000,000 | 283,000,000 | 294,000,000 | 283,000,000 | 282,000,000 | 284,000,000 | 292,000,000 | 276,000,000 | 258,000,000 | 255,000,000 | 277,000,000 | 267,000,000 | 271,000,000 | 276,000,000 | 294,000,000 | 283,000,000 | 279,000,000 | 281,000,000 | 269,000,000 | 287,000,000 | 288,000,000 | 272,000,000 | 264,000,000 | 279,000,000 | 278,000,000 | 243,000,000 | 229,000,000 | 280,000,000 | 385,000,000 | 181,000,000 | 225,000,000 | 250,000,000 | 218,000,000 | 181,000,000 | 184,000,000 | 192,000,000 | 180,000,000 | 151,000,000 | 155,000,000 | 154,000,000 | 149,000,000 | 137,000,000 | ||
insurance commissions | 246,000,000 | 254,000,000 | 251,000,000 | 240,000,000 | 247,000,000 | 251,000,000 | 246,000,000 | 255,000,000 | 255,000,000 | 250,000,000 | 268,000,000 | 280,000,000 | 271,000,000 | 267,000,000 | 279,000,000 | 300,000,000 | 304,000,000 | 311,000,000 | 315,000,000 | 326,000,000 | 323,000,000 | 325,000,000 | 332,000,000 | 336,000,000 | 331,000,000 | 330,000,000 | 337,000,000 | 320,000,000 | 332,000,000 | 335,000,000 | 328,000,000 | 337,000,000 | 353,000,000 | 345,000,000 | 333,000,000 | 322,000,000 | 326,000,000 | 325,000,000 | 330,000,000 | 340,000,000 | 361,000,000 | 369,000,000 | 366,000,000 | 392,000,000 | 435,000,000 | 442,000,000 | 432,000,000 | 435,000,000 | 438,000,000 | 438,000,000 | 427,000,000 | 422,000,000 | 424,000,000 | 412,000,000 | 398,000,000 | 403,000,000 | 493,000,000 | 355,000,000 | 381,000,000 | 389,000,000 | 385,000,000 | 355,000,000 | 362,000,000 | 358,000,000 | 345,000,000 | 331,000,000 | 326,000,000 | 329,000,000 | 328,000,000 | 325,000,000 | ||
insurance and other expenses | 866,000,000 | 781,000,000 | 804,000,000 | 802,000,000 | 739,000,000 | 875,000,000 | 785,000,000 | 799,000,000 | 831,000,000 | 832,000,000 | 779,000,000 | 733,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 61,000,000 | 57,000,000 | 52,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 47,000,000 | 47,000,000 | 49,000,000 | 51,000,000 | 48,000,000 | 55,000,000 | 59,000,000 | 55,000,000 | 56,000,000 | 57,000,000 | 57,000,000 | 62,000,000 | 62,000,000 | 61,000,000 | 63,000,000 | 63,000,000 | 55,000,000 | 57,000,000 | 57,000,000 | 56,000,000 | 59,000,000 | 59,000,000 | 61,000,000 | 62,000,000 | 72,000,000 | 65,000,000 | 66,000,000 | 65,000,000 | 65,000,000 | 67,000,000 | 74,000,000 | 83,000,000 | 79,000,000 | 77,000,000 | 81,000,000 | 80,000,000 | 71,000,000 | 75,000,000 | 67,000,000 | 62,000,000 | 57,000,000 | 53,000,000 | 52,000,000 | 46,000,000 | 45,000,000 | 44,000,000 | 39,000,000 | 33,000,000 | 33,000,000 | 51,000,000 | 7,000,000 | 14,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 8,000,000 | 5,000,000 | 4,000,000 | ||
total acquisition and operating expenses | 1,392,000,000 | 1,310,000,000 | 1,328,000,000 | 1,308,000,000 | 1,345,000,000 | 1,262,000,000 | 1,198,000,000 | 1,256,000,000 | 1,385,000,000 | 1,285,000,000 | 1,249,000,000 | 1,308,000,000 | 1,458,000,000 | 1,377,000,000 | 1,401,000,000 | 1,509,000,000 | 1,624,000,000 | 1,515,000,000 | 1,538,000,000 | 1,531,000,000 | 1,722,000,000 | 1,527,000,000 | 1,440,000,000 | 1,503,000,000 | 1,562,000,000 | 1,473,000,000 | 1,440,000,000 | 1,418,000,000 | 1,348,000,000 | 1,344,000,000 | 1,359,000,000 | 1,540,000,000 | 1,375,000,000 | 1,349,000,000 | 1,309,000,000 | 1,279,000,000 | 1,249,000,000 | 1,476,000,000 | 1,261,000,000 | 1,370,000,000 | 1,307,000,000 | 1,307,000,000 | 1,316,000,000 | 1,326,000,000 | 1,507,000,000 | 1,435,000,000 | 1,398,000,000 | 1,392,000,000 | 1,445,000,000 | 1,365,000,000 | 1,325,000,000 | 1,295,000,000 | 1,364,000,000 | 1,237,000,000 | 1,206,000,000 | 1,234,000,000 | 1,695,000,000 | 992,000,000 | 1,117,000,000 | 1,136,000,000 | 1,125,000,000 | 992,000,000 | 1,021,000,000 | 1,003,000,000 | 1,001,000,000 | 888,000,000 | 863,000,000 | 857,000,000 | 878,000,000 | 824,000,000 | ||
total benefits and expenses | 3,294,000,000 | 2,746,000,000 | 3,338,000,000 | 3,253,000,000 | 3,268,000,000 | 2,857,000,000 | 3,119,000,000 | 3,266,000,000 | 3,488,000,000 | 3,145,000,000 | 3,347,000,000 | 3,458,000,000 | 3,486,000,000 | 3,717,000,000 | 3,699,000,000 | 3,996,000,000 | 4,204,000,000 | 4,124,000,000 | 4,191,000,000 | 4,266,000,000 | 4,696,000,000 | 4,512,000,000 | 4,337,000,000 | 4,442,000,000 | 4,546,000,000 | 4,500,000,000 | 4,482,000,000 | 4,425,000,000 | 4,431,000,000 | 4,383,000,000 | 4,411,000,000 | 4,802,000,000 | 4,753,000,000 | 4,603,000,000 | 4,334,000,000 | 4,209,000,000 | 4,176,000,000 | 4,413,000,000 | 4,213,000,000 | 4,439,000,000 | 4,662,000,000 | 4,600,000,000 | 4,536,000,000 | 4,847,000,000 | 5,496,000,000 | 5,367,000,000 | 5,161,000,000 | 5,038,000,000 | 5,145,000,000 | 4,882,000,000 | 4,635,000,000 | 4,517,000,000 | 4,627,000,000 | 4,339,000,000 | 4,091,000,000 | 4,091,000,000 | 5,339,000,000 | 3,543,000,000 | 3,840,000,000 | 3,947,000,000 | 3,960,000,000 | 3,543,000,000 | 3,596,000,000 | 3,541,000,000 | 3,431,000,000 | 3,219,000,000 | 3,129,000,000 | 3,115,000,000 | 3,179,000,000 | 3,115,000,000 | ||
earnings before income taxes | 1,572,000,000 | 1,994,000,000 | 822,000,000 | 145,000,000 | 2,135,000,000 | 92,000,000 | 2,019,000,000 | 2,170,000,000 | 290,000,000 | 1,805,000,000 | 1,825,000,000 | 1,342,000,000 | 524,000,000 | 1,103,000,000 | 1,701,000,000 | 1,276,000,000 | 1,232,000,000 | 1,113,000,000 | 1,373,000,000 | 1,603,000,000 | 1,217,000,000 | 1,153,000,000 | 1,070,000,000 | 720,000,000 | 1,057,000,000 | 1,036,000,000 | 982,000,000 | 999,000,000 | 1,075,000,000 | 1,045,000,000 | 898,000,000 | 1,153,000,000 | 963,000,000 | 834,000,000 | 1,117,000,000 | 1,110,000,000 | 864,000,000 | 874,000,000 | 1,013,000,000 | 1,075,000,000 | 1,074,000,000 | 1,238,000,000 | 1,104,000,000 | 1,361,000,000 | 879,000,000 | 1,480,000,000 | 741,000,000 | 1,202,000,000 | 834,000,000 | 1,105,000,000 | 453,000,000 | 600,000,000 | 667,000,000 | 1,055,000,000 | 889,000,000 | 974,000,000 | 621,000,000 | 148,000,000 | 473,000,000 | 871,000,000 | 300,000,000 | 148,000,000 | 740,000,000 | 726,000,000 | 586,000,000 | 642,000,000 | 635,000,000 | 636,000,000 | 508,000,000 | 557,000,000 | ||
income taxes | 193,000,000 | 355,000,000 | 223,000,000 | 116,000,000 | 233,000,000 | 185,000,000 | 264,000,000 | 291,000,000 | 22,000,000 | 236,000,000 | 191,000,000 | 154,000,000 | 339,000,000 | -493,000,000 | 313,000,000 | 244,000,000 | 193,000,000 | 225,000,000 | 268,000,000 | 310,000,000 | 265,000,000 | -1,303,000,000 | 265,000,000 | 154,000,000 | 276,000,000 | 259,000,000 | 265,000,000 | -1,584,000,000 | 359,000,000 | 332,000,000 | 306,000,000 | 402,000,000 | 334,000,000 | 286,000,000 | 386,000,000 | 380,000,000 | 297,000,000 | 301,000,000 | 350,000,000 | 372,000,000 | 368,000,000 | 428,000,000 | 372,000,000 | 469,000,000 | 284,500,000 | 463,000,000 | 258,000,000 | 417,000,000 | 185,000,000 | 361,000,000 | 173,000,000 | 205,000,000 | 252,750,000 | 365,000,000 | 308,000,000 | 338,000,000 | 139,250,000 | 48,000,000 | 159,000,000 | 302,000,000 | 139,250,000 | 48,000,000 | 257,000,000 | 252,000,000 | 165,500,000 | 222,000,000 | 220,000,000 | 220,000,000 | 151,500,000 | 190,000,000 | 129,000,000 | |
net earnings | 1,379,000,000 | 1,639,000,000 | 599,000,000 | 29,000,000 | 1,902,000,000 | -93,000,000 | 1,755,000,000 | 1,879,000,000 | 268,000,000 | 1,569,000,000 | 1,634,000,000 | 1,188,000,000 | 185,000,000 | 1,596,000,000 | 1,388,000,000 | 1,032,000,000 | 1,039,000,000 | 888,000,000 | 1,105,000,000 | 1,293,000,000 | 952,000,000 | 2,456,000,000 | 805,000,000 | 566,000,000 | 781,000,000 | 777,000,000 | 717,000,000 | 2,583,000,000 | 716,000,000 | 713,000,000 | 592,000,000 | 751,000,000 | 629,000,000 | 548,000,000 | 731,000,000 | 730,000,000 | 567,000,000 | 573,000,000 | 663,000,000 | 703,000,000 | 706,000,000 | 810,000,000 | 732,000,000 | 892,000,000 | 581,000,000 | 1,017,000,000 | 483,000,000 | 785,000,000 | 546,000,000 | 744,000,000 | 280,000,000 | 395,000,000 | 437,000,000 | 690,000,000 | 581,000,000 | 636,000,000 | 440,000,000 | 100,000,000 | 314,000,000 | 569,000,000 | 197,000,000 | 100,000,000 | 483,000,000 | 474,000,000 | 383,000,000 | 420,000,000 | 415,000,000 | 416,000,000 | 333,000,000 | 367,000,000 | ||
yoy | -27.50% | -1862.37% | -65.87% | -98.46% | 609.70% | -105.93% | 7.41% | 58.16% | 44.86% | -1.69% | 17.72% | 15.12% | -82.19% | 79.73% | 25.61% | -20.19% | 9.14% | -63.84% | 37.27% | 128.45% | 21.90% | 216.09% | -21.06% | -69.76% | 8.52% | 21.11% | 243.94% | 13.83% | 30.11% | -19.02% | 2.88% | 10.93% | -4.36% | 10.26% | 3.84% | -19.69% | -29.26% | -9.43% | -21.19% | 21.51% | -20.35% | 51.55% | 13.63% | 6.41% | 36.69% | 72.50% | 98.73% | 24.94% | 7.83% | -51.81% | -37.89% | -0.68% | 590.00% | 85.03% | 11.78% | 123.35% | 0.00% | -34.99% | 20.04% | -48.56% | -76.19% | 16.39% | 13.94% | 15.02% | 14.44% | |||||||
qoq | -15.86% | 173.62% | 1965.52% | -98.48% | -2145.16% | -105.30% | -6.60% | 601.12% | -82.92% | -3.98% | 37.54% | 542.16% | -88.41% | 14.99% | 34.50% | -0.67% | 17.00% | -19.64% | -14.54% | 35.82% | -61.24% | 205.09% | 42.23% | -27.53% | 0.51% | -72.24% | 260.75% | 0.42% | 20.44% | -21.17% | 19.40% | 14.78% | -25.03% | 0.14% | 28.75% | -1.05% | -13.57% | -5.69% | -0.42% | -12.84% | 10.66% | -17.94% | 53.53% | -42.87% | 110.56% | -38.47% | 43.77% | -26.61% | 165.71% | -29.11% | -9.61% | -36.67% | 18.76% | -8.65% | 44.55% | 340.00% | -68.15% | -44.82% | 188.83% | 97.00% | -79.30% | 1.90% | 23.76% | -8.81% | 1.20% | -0.24% | 24.92% | -9.26% | ||||
net income margin % | 28.34% | 34.58% | 14.40% | 0.85% | 35.20% | -3.15% | 34.16% | 34.57% | 7.09% | 31.70% | 31.59% | 24.75% | 4.61% | 33.11% | 25.70% | 19.58% | 19.11% | 16.96% | 19.86% | 22.03% | 16.10% | 43.35% | 14.89% | 10.96% | 13.94% | 14.04% | NaN% | 13.12% | 47.62% | 13.00% | 13.14% | 11.15% | 12.61% | 11.00% | 10.08% | 13.41% | 13.72% | 11.25% | 10.84% | 12.69% | 12.75% | 12.31% | 13.87% | 12.98% | 14.37% | 9.11% | 14.85% | 8.18% | 12.58% | 9.13% | 12.43% | 5.50% | 7.72% | 8.25% | 12.79% | 11.67% | 12.56% | 7.38% | 2.71% | 7.28% | 11.81% | 4.62% | 2.71% | 11.14% | 11.11% | 9.53% | 10.88% | 11.03% | 11.09% | 9.03% | 9.99% | NaN% |
net earnings per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 2.62 | 3.09 | 1.12 | 0.05 | 3.42 | -0.17 | 3.11 | 3.27 | 0.5 | 2.65 | 2.72 | 1.94 | 0.34 | 2.54 | 2.17 | 1.59 | 1.58 | 1.33 | 1.63 | 1.88 | 1.36 | 3.45 | 1.12 | 0.78 | 1.07 | 1.05 | 0.92 | 6.54 | 1.81 | 1.8 | 1.48 | 1.84 | 1.54 | 1.33 | 1.75 | 1.71 | 1.32 | 1.33 | 1.52 | 1.58 | 1.56 | 1.79 | 1.61 | 1.91 | 1.24 | 2.17 | 1.04 | 1.68 | 1.17 | 1.6 | 0.6 | 0.84 | 0.93 | 1.47 | 1.24 | 1.36 | 0.99 | 0.21 | 0.67 | 1.22 | 0.43 | 0.21 | 1.02 | 0.99 | 0.79 | 0.86 | 0.85 | 0.85 | 0.67 | 0.74 | 0.48 | |
diluted | 2.61 | 3.08 | 1.11 | 0.05 | 3.4 | -0.17 | 3.1 | 3.25 | 0.5 | 2.64 | 2.71 | 1.94 | 0.34 | 2.53 | 2.16 | 1.58 | 1.57 | 1.32 | 1.62 | 1.87 | 1.36 | 3.44 | 1.12 | 0.78 | 1.06 | 1.04 | 0.91 | 6.49 | 1.8 | 1.79 | 1.47 | 1.83 | 1.53 | 1.32 | 1.74 | 1.71 | 1.32 | 1.32 | 1.51 | 1.57 | 1.56 | 1.78 | 1.6 | 1.9 | 1.24 | 2.16 | 1.03 | 1.68 | 1.16 | 1.59 | 0.6 | 0.84 | 0.92 | 1.46 | 1.23 | 1.35 | 1 | 0.21 | 0.67 | 1.22 | 0.43 | 0.21 | 1 | 0.98 | 0.78 | 0.85 | 0.84 | 0.84 | 0.66 | 0.73 | 0.48 | |
weighted-average outstanding common shares used in computing earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 532,885 | 530,050 | 536,688 | 544,707 | 562,492 | 557,899 | 564,573 | 574,886 | 596,173 | 591,246 | 600,742 | 611,205 | 634,816 | 629,350 | 640,707 | 649,753 | 673,617 | 668,762 | 678,050 | 688,938 | 713,702 | 711,698 | 717,889 | 724,366 | 742,414 | 739,946 | 769,588 | 778,550 | 396,021 | 394,479 | 396,433 | 401,130 | 411,471 | 408,519 | 411,853 | 418,748 | 430,654 | 428,735 | 431,672 | 437,306 | 451,204 | 451,246 | 452,559 | 454,731 | 466,462 | 466,868 | 467,422 | 466,788 | 465,887 | 466,519 | 465,910 | 466,498 | 468,012 | 469,038 | 469,868 | 468,824 | 467,926 | 466,552 | 475,357 | 466,401 | 473,405 | 487,869 | ||||||||||
diluted | 534,878 | 532,015 | 538,425 | 546,878 | 565,015 | 560,414 | 566,838 | 577,482 | 598,745 | 593,596 | 602,929 | 613,950 | 637,655 | 631,946 | 643,243 | 652,827 | 676,729 | 671,925 | 680,920 | 691,940 | 716,192 | 713,793 | 719,764 | 727,512 | 746,430 | 743,842 | 774,650 | 783,852 | 398,930 | 397,381 | 399,348 | 404,069 | 413,921 | 411,140 | 414,326 | 420,920 | 433,172 | 431,102 | 434,257 | 439,927 | 454,000 | 453,981 | 455,380 | 457,699 | 469,124 | 469,287 | 469,721 | 468,590 | 468,533 | 469,370 | 467,793 | 469,752 | 472,104 | 473,085 | 473,569 | 472,539 | 472,450 | 469,063 | 480,745 | 468,285 | 478,815 | 493,971 | ||||||||||
cash dividends per share | 0.58 | 0.58 | 0.58 | 0.58 | 0.5 | 0.5 | 0.5 | 0.5 | 0.42 | 0.42 | 0.42 | 0.42 | 0.4 | 0.4 | 0.4 | 0.4 | 0.33 | 0.33 | 0.33 | 0.33 | 0.21 | 0.28 | 0.28 | 0.28 | 0.203 | 0.27 | 0.26 | 0.323 | 0.43 | 0.43 | 0.43 | 0.308 | 0.41 | 0.41 | 0.41 | 0.293 | 0.39 | 0.39 | 0.39 | 0.278 | 0.37 | 0.37 | 0.37 | 0.35 | 0.248 | 0.33 | 0.33 | 0.33 | 0.225 | 0.3 | 0.3 | 0.3 | 0.21 | 0.28 | 0.28 | 0.28 | 0.18 | 0.24 | 0.28 | 0.28 | 0.18 | 0.24 | 0.24 | 0.24 | 0.149 | 0.205 | 0.205 | 0.185 | 0.098 | 0.13 | 0.07 | |
reserve remeasurement (gains) losses | -128,750,000 | -408,000,000 | -51,000,000 | -54,000,000 | -53,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance and other incomes | 544,750,000 | 747,000,000 | 694,000,000 | 728,000,000 | 775,000,000 | 838,000,000 | 783,000,000 | 645,500,000 | 869,000,000 | 881,000,000 | 1,038,000,000 | 847,000,000 | 756,000,000 | 859,000,000 | 769,000,000 | 755,000,000 | 686,000,000 | 665,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefits and claims | 2,028,000,000 | 2,340,000,000 | 2,298,000,000 | 2,487,000,000 | 2,580,000,000 | 2,609,000,000 | 2,653,000,000 | 2,735,000,000 | 2,974,000,000 | 2,985,000,000 | 2,897,000,000 | 2,939,000,000 | 2,984,000,000 | 3,027,000,000 | 3,042,000,000 | 3,007,000,000 | 3,083,000,000 | 3,039,000,000 | 3,052,000,000 | 3,262,000,000 | 3,378,000,000 | 3,254,000,000 | 3,025,000,000 | 2,930,000,000 | 2,927,000,000 | 2,937,000,000 | 2,952,000,000 | 3,069,000,000 | 3,355,000,000 | 3,293,000,000 | 3,220,000,000 | 3,521,000,000 | 3,989,000,000 | 3,932,000,000 | 3,763,000,000 | 3,646,000,000 | 3,700,000,000 | 3,517,000,000 | 3,310,000,000 | 3,222,000,000 | 3,263,000,000 | 3,102,000,000 | 2,885,000,000 | 2,857,000,000 | 3,644,000,000 | 2,551,000,000 | 2,723,000,000 | 2,811,000,000 | 2,835,000,000 | 2,551,000,000 | 2,575,000,000 | 2,538,000,000 | 2,430,000,000 | 2,331,000,000 | 2,266,000,000 | 2,258,000,000 | 2,301,000,000 | 2,291,000,000 | 1,827,000,000 | |||||||||||||
net premiums, principally supplemental health insurance | 3,351,500,000 | 4,372,000,000 | 4,441,000,000 | 4,593,000,000 | 4,653,000,000 | 4,623,000,000 | 4,664,000,000 | 4,681,000,000 | 4,671,000,000 | 4,736,000,000 | 4,745,000,000 | 4,580,000,000 | 4,648,000,000 | 4,665,000,000 | 4,638,000,000 | 4,778,000,000 | 5,022,000,000 | 4,823,000,000 | 4,602,000,000 | 4,394,000,000 | 4,380,000,000 | 4,364,000,000 | 4,432,000,000 | 4,489,000,000 | 4,841,000,000 | 4,888,000,000 | 4,854,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
realized investment gains | -402,000,000 | -597,000,000 | -1,000,000 | -7,000,000 | 1,000,000 | 15,000,000 | 13,000,000 | 4,000,000 | 11,000,000 | -6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses realized and loan loss reserves | -10,000,000 | -18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other gains | 22,000,000 | -135,000,000 | -127,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total realized investment gains | 12,000,000 | -153,000,000 | -134,000,000 | 15,000,000 | 30,000,000 | -56,000,000 | -140,000,000 | 137,000,000 | -146,000,000 | -187,000,000 | 73,000,000 | 114,000,000 | -114,000,000 | 127,000,000 | 13,000,000 | 143,000,000 | 16,000,000 | 102,000,000 | -46,000,000 | 156,000,000 | -172,000,000 | 286,000,000 | -418,000,000 | -45,000,000 | -222,000,000 | -83,000,000 | -668,000,000 | -579,000,000 | -295,000,000 | 9,000,000 | -89,000,000 | -46,000,000 | -607,000,000 | -597,000,000 | -9,000,000 | |||||||||||||||||||||||||||||||||||||
realized investment gains: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses realized | -7,000,000 | -10,000,000 | -8,000,000 | -9,000,000 | -10,000,000 | -14,000,000 | -22,000,000 | -33,000,000 | -14,000,000 | -10,000,000 | -137,000,000 | -6,000,000 | -28,000,000 | -3,000,000 | -55,000,000 | -334,000,000 | -97,000,000 | -343,000,000 | -203,000,000 | -801,000,000 | -166,000,000 | -528,000,000 | -405,000,000 | -404,000,000 | -13,000,000 | -42,000,000 | -981,000,000 | -380,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
sales and redemptions | -32,000,000 | 61,000,000 | 5,000,000 | -7,000,000 | 128,000,000 | -17,000,000 | 13,000,000 | 91,000,000 | 117,000,000 | 26,000,000 | 92,000,000 | 68,000,000 | 44,000,000 | 33,000,000 | 97,000,000 | 41,000,000 | 119,000,000 | 116,000,000 | 288,000,000 | -8,000,000 | 78,000,000 | 545,000,000 | 307,000,000 | -182,000,000 | -144,000,000 | 8,000,000 | 14,000,000 | -21,000,000 | 374,000,000 | -217,000,000 | 2,000,000 | 225,000,000 | ||||||||||||||||||||||||||||||||||||||||
derivative and other gains | 57,000,000 | -23,000,000 | -52,000,000 | -123,000,000 | 23,000,000 | -107,000,000 | -167,000,000 | -4,000,000 | 7,000,000 | -3,000,000 | 35,000,000 | -49,000,000 | 99,000,000 | -17,000,000 | 33,000,000 | -84,000,000 | 92,000,000 | 46,000,000 | 95,000,000 | -67,000,000 | 80,000,000 | 34,000,000 | -224,000,000 | 42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
insurance expenses | 614,000,000 | 651,000,000 | 625,000,000 | 613,000,000 | 563,000,000 | 580,000,000 | 554,000,000 | 550,000,000 | 530,000,000 | 624,000,000 | 566,000,000 | 537,000,000 | 534,000,000 | 534,000,000 | 670,000,000 | 595,000,000 | 587,000,000 | 564,000,000 | 616,000,000 | 558,000,000 | 543,000,000 | 508,000,000 | 569,000,000 | 505,000,000 | 508,000,000 | 481,000,000 | 713,000,000 | 419,000,000 | 462,000,000 | 457,000,000 | 479,000,000 | 419,000,000 | 432,000,000 | 413,000,000 | 431,000,000 | 372,000,000 | 351,000,000 | 337,000,000 | 364,000,000 | 334,000,000 | ||||||||||||||||||||||||||||||||
other incomes | 61,000,000 | 197,000,000 | 50,000,000 | 41,000,000 | 56,000,000 | 36,000,000 | 44,000,000 | 272,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 41,000,000 | 60,000,000 | 32,000,000 | 44,000,000 | 42,000,000 | 46,000,000 | 48,000,000 | 50,000,000 | 48,000,000 | 49,000,000 | 50,000,000 | 45,000,000 | 45,000,000 | 41,000,000 | 49,000,000 | 38,000,000 | 38,000,000 | 37,000,000 | 53,000,000 | 30,000,000 | 35,000,000 | 32,000,000 | 35,000,000 | 30,000,000 | 36,000,000 | 33,000,000 | 38,000,000 | 28,000,000 | 25,000,000 | 29,000,000 | 32,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||
premiums, principally supplemental health insurance | 5,184,000,000 | 5,643,000,000 | 5,660,000,000 | 5,467,000,000 | 5,378,000,000 | 5,325,000,000 | 5,210,000,000 | 4,956,000,000 | 4,872,000,000 | 4,785,000,000 | 4,607,000,000 | 4,333,000,000 | 4,348,000,000 | 5,655,000,000 | 3,647,000,000 | 3,995,000,000 | 4,115,000,000 | 3,981,000,000 | 3,647,000,000 | 3,684,000,000 | 3,635,000,000 | 3,395,000,000 | 3,260,000,000 | 3,162,000,000 | 3,156,000,000 | 3,114,000,000 | 3,102,000,000 | 2,407,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
derivative gains | -30,000,000 | 71,000,000 | 14,000,000 | -103,000,000 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other-than-temporary impairment losses | -404,000,000 | -13,000,000 | -42,000,000 | -1,007,000,000 | -380,000,000 | -238,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses recognized in other comprehensive income | 3,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net impairment losses realized | -234,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares used in computing earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 466,097 | 119,019 | 475,357 | 474,383 | 478,138 | 122,123.25 | 487,065 | 487,900 | 490,554 | -1,012 | 494,923 | 513,728 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 467,132 | 120,528.25 | 480,745 | 480,828 | 484,417 | 123,638.75 | 492,819 | 494,227 | 496,658 | -1,099 | 500,952 | 522,713 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2018-12-31 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2003-06-30 |
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assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments and cash: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities available-for-sale, at fair value | 61,841,000,000 | 61,841,000,000 | 61,841,000,000 | 61,841,000,000 | 61,841,000,000 | 61,841,000,000 | 69,578,000,000 | 69,578,000,000 | 69,578,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities available-for-sale - consolidated variable interest entities, at fair value | 3,428,000,000 | 3,428,000,000 | 3,428,000,000 | 3,428,000,000 | 3,428,000,000 | 3,428,000,000 | 3,712,000,000 | 3,712,000,000 | 3,432,000,000 | 3,712,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held-to-maturity, at amortized cost, net of allowance for credit losses of 5 in 2025 and 5 in 2024 | 15,966,000,000 | 15,966,000,000 | 15,966,000,000 | 15,966,000,000 | 15,966,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, at fair value | 796,000,000 | 796,000,000 | 796,000,000 | 796,000,000 | 796,000,000 | 796,000,000 | 1,088,000,000 | 1,088,000,000 | 990,000,000 | 965,000,000 | 1,088,000,000 | 1,091,000,000 | 1,149,000,000 | 1,415,000,000 | 1,603,000,000 | 1,603,000,000 | 1,475,000,000 | 1,174,000,000 | 1,283,000,000 | 775,000,000 | 749,000,000 | 660,000,000 | 802,000,000 | 830,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 422 in 2025 and 355 in 2024 | 10,869,000,000 | 10,869,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments | 5,958,000,000 | 5,958,000,000 | 5,958,000,000 | 5,958,000,000 | 5,958,000,000 | 5,958,000,000 | 4,530,000,000 | 4,530,000,000 | 5,241,000,000 | 5,491,000,000 | 4,530,000,000 | 4,070,000,000 | 4,102,000,000 | 3,960,000,000 | 3,842,000,000 | 3,842,000,000 | 3,258,000,000 | 2,666,000,000 | 2,429,000,000 | 1,904,000,000 | 1,771,000,000 | 1,843,000,000 | 1,477,000,000 | 1,507,000,000 | 7,706,000,000 | 5,073,000,000 | 2,358,000,000 | 2,016,000,000 | 1,701,000,000 | 622,000,000 | 450,000,000 | 294,000,000 | 294,000,000 | 171,000,000 | 171,000,000 | 171,000,000 | 463,000,000 | 463,000,000 | 463,000,000 | 185,000,000 | 176,000,000 | 161,000,000 | 166,000,000 | 153,000,000 | 138,000,000 | 125,000,000 | 112,000,000 | 106,000,000 | 100,000,000 | 90,000,000 | 84,000,000 | 87,000,000 | 76,000,000 | 69,000,000 | 71,000,000 | 57,000,000 | 49,000,000 | 49,000,000 | 55,000,000 | |||||||||
cash and cash equivalents | 6,229,000,000 | 6,229,000,000 | 6,229,000,000 | 6,229,000,000 | 6,229,000,000 | 6,229,000,000 | 4,306,000,000 | 4,306,000,000 | 5,502,000,000 | 4,720,000,000 | 4,306,000,000 | 3,943,000,000 | 5,173,000,000 | 4,275,000,000 | 5,051,000,000 | 5,051,000,000 | 5,469,000,000 | 4,990,000,000 | 5,141,000,000 | 5,563,000,000 | 5,528,000,000 | 4,148,000,000 | 4,896,000,000 | 4,216,000,000 | 4,337,000,000 | 4,080,000,000 | 4,927,000,000 | 4,264,000,000 | 4,205,000,000 | 3,700,000,000 | 3,449,000,000 | 4,350,000,000 | 4,350,000,000 | 4,658,000,000 | 4,658,000,000 | 4,658,000,000 | 2,543,000,000 | 2,543,000,000 | 2,543,000,000 | 2,985,000,000 | 2,130,000,000 | 2,210,000,000 | 1,862,000,000 | 1,291,000,000 | 2,088,000,000 | 2,434,000,000 | 2,184,000,000 | 1,611,000,000 | 1,804,000,000 | 1,689,000,000 | 1,196,000,000 | 941,000,000 | 514,000,000 | 1,387,000,000 | 908,000,000 | 1,328,000,000 | 1,406,000,000 | 834,000,000 | 1,378,000,000 | |||||||||
total investments and cash | 105,087,000,000 | 105,087,000,000 | 105,087,000,000 | 105,087,000,000 | 105,087,000,000 | 105,087,000,000 | 113,560,000,000 | 113,560,000,000 | 111,306,000,000 | 116,463,000,000 | 113,560,000,000 | 117,397,000,000 | 121,415,000,000 | 132,599,000,000 | 142,978,000,000 | 142,978,000,000 | 146,709,000,000 | 143,289,000,000 | 149,753,000,000 | 146,129,000,000 | 142,233,000,000 | 136,967,000,000 | 138,091,000,000 | 139,510,000,000 | 126,243,000,000 | 132,671,000,000 | 122,489,000,000 | 121,896,000,000 | 120,503,000,000 | 125,983,000,000 | 114,320,000,000 | 105,897,000,000 | 105,897,000,000 | 107,341,000,000 | 107,341,000,000 | 107,341,000,000 | 108,459,000,000 | 108,459,000,000 | 108,459,000,000 | 124,215,000,000 | 109,255,000,000 | 103,104,000,000 | 100,808,000,000 | 92,984,000,000 | 88,441,000,000 | 85,585,000,000 | 79,532,000,000 | 73,998,000,000 | 71,625,000,000 | 65,572,000,000 | 61,729,000,000 | 68,550,000,000 | 60,727,000,000 | 60,892,000,000 | 62,788,000,000 | 55,073,000,000 | 52,197,000,000 | 53,268,000,000 | 50,686,000,000 | |||||||||
receivables | 779,000,000 | 779,000,000 | 779,000,000 | 779,000,000 | 779,000,000 | 779,000,000 | 848,000,000 | 848,000,000 | 712,000,000 | 755,000,000 | 848,000,000 | 647,000,000 | 687,000,000 | 730,000,000 | 693,000,000 | 693,000,000 | 788,000,000 | 777,000,000 | 796,000,000 | 824,000,000 | 894,000,000 | 813,000,000 | 828,000,000 | 908,000,000 | 851,000,000 | 906,000,000 | 937,000,000 | 871,000,000 | 618,000,000 | 758,000,000 | 723,000,000 | 705,000,000 | 705,000,000 | 842,000,000 | 842,000,000 | 842,000,000 | 1,165,000,000 | 1,165,000,000 | 1,165,000,000 | 1,005,000,000 | 747,000,000 | 744,000,000 | 1,028,000,000 | 879,000,000 | 738,000,000 | 640,000,000 | 659,000,000 | 671,000,000 | 849,000,000 | |||||||||||||||||||
accrued investment income | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 710,000,000 | 731,000,000 | 731,000,000 | 687,000,000 | 719,000,000 | 731,000,000 | 745,000,000 | 714,000,000 | 683,000,000 | 737,000,000 | 737,000,000 | 761,000,000 | 706,000,000 | 780,000,000 | 737,000,000 | 782,000,000 | 734,000,000 | 772,000,000 | 734,000,000 | 773,000,000 | 745,000,000 | 730,000,000 | 760,000,000 | 723,000,000 | 806,000,000 | 750,000,000 | 768,000,000 | 768,000,000 | 762,000,000 | 762,000,000 | 762,000,000 | 798,000,000 | 798,000,000 | 798,000,000 | 793,000,000 | 813,000,000 | 746,000,000 | 766,000,000 | 739,000,000 | 746,000,000 | 709,000,000 | 704,000,000 | 654,000,000 | 633,000,000 | 627,000,000 | 599,000,000 | 650,000,000 | 587,000,000 | 607,000,000 | 569,000,000 | 549,000,000 | 559,000,000 | 508,000,000 | 506,000,000 | |||||||||
deferred policy acquisition costs | 8,758,000,000 | 8,758,000,000 | 8,758,000,000 | 8,758,000,000 | 8,758,000,000 | 8,758,000,000 | 9,132,000,000 | 9,132,000,000 | 8,771,000,000 | 8,860,000,000 | 9,132,000,000 | 8,593,000,000 | 8,458,000,000 | 9,082,000,000 | 9,525,000,000 | 9,525,000,000 | 9,810,000,000 | 9,835,000,000 | 10,441,000,000 | 10,319,000,000 | 10,222,000,000 | 10,164,000,000 | 10,128,000,000 | 10,148,000,000 | 9,875,000,000 | 9,933,000,000 | 9,413,000,000 | 9,340,000,000 | 9,255,000,000 | 9,552,000,000 | 8,929,000,000 | 8,511,000,000 | 8,511,000,000 | 8,273,000,000 | 8,273,000,000 | 8,273,000,000 | 8,798,000,000 | 8,798,000,000 | 8,798,000,000 | 10,283,000,000 | 9,961,000,000 | 9,542,000,000 | 10,575,000,000 | 10,028,000,000 | 9,689,000,000 | 9,418,000,000 | 8,941,000,000 | 8,522,000,000 | 8,552,000,000 | 8,089,000,000 | 7,887,000,000 | 8,237,000,000 | 7,445,000,000 | 7,194,000,000 | 7,354,000,000 | 6,481,000,000 | 6,096,000,000 | 6,157,000,000 | 5,930,000,000 | |||||||||
property and equipment, at cost less accumulated depreciation | 387,000,000 | 387,000,000 | 387,000,000 | 387,000,000 | 387,000,000 | 387,000,000 | 445,000,000 | 445,000,000 | 445,000,000 | 500,000,000 | 445,000,000 | 530,000,000 | 512,000,000 | 538,000,000 | 538,000,000 | 538,000,000 | 563,000,000 | 578,000,000 | 601,000,000 | 584,000,000 | 584,000,000 | 586,000,000 | 581,000,000 | 562,000,000 | 443,000,000 | 448,000,000 | 439,000,000 | 442,000,000 | 444,000,000 | 467,000,000 | 443,000,000 | 427,000,000 | 427,000,000 | 429,000,000 | 429,000,000 | 429,000,000 | 481,000,000 | 481,000,000 | 481,000,000 | 625,000,000 | 603,000,000 | 591,000,000 | 626,000,000 | 611,000,000 | 604,000,000 | 610,000,000 | 594,000,000 | 583,000,000 | 599,000,000 | 579,000,000 | 570,000,000 | 597,000,000 | 542,000,000 | 529,000,000 | 548,000,000 | 480,000,000 | 457,000,000 | 471,000,000 | 450,000,000 | |||||||||
other | 1,845,000,000 | 1,845,000,000 | 1,845,000,000 | 1,845,000,000 | 1,845,000,000 | 1,845,000,000 | 2,008,000,000 | 2,008,000,000 | 3,190,000,000 | 3,329,000,000 | 2,008,000,000 | 3,105,000,000 | 3,843,000,000 | 3,414,000,000 | 3,071,000,000 | 3,071,000,000 | 2,861,000,000 | 2,972,000,000 | 2,715,000,000 | 2,362,000,000 | 2,372,000,000 | 2,352,000,000 | 2,368,000,000 | 2,275,000,000 | 2,221,000,000 | 2,653,000,000 | 13,558,000,000 | 2,075,000,000 | 2,085,000,000 | 2,107,000,000 | 13,458,000,000 | 3,721,000,000 | 2,601,000,000 | 1,988,000,000 | 1,948,000,000 | 2,120,000,000 | 2,120,000,000 | 2,120,000,000 | 1,606,000,000 | 1,606,000,000 | 1,606,000,000 | 12,875,000,000 | 919,000,000 | 830,000,000 | 825,000,000 | 13,640,000,000 | 917,000,000 | 991,000,000 | 927,000,000 | 12,809,000,000 | 881,000,000 | 809,000,000 | 750,000,000 | 10,914,000,000 | 358,000,000 | 334,000,000 | 363,000,000 | 377,000,000 | 333,000,000 | 328,000,000 | 345,000,000 | 8,749,000,000 | 305,000,000 | 282,000,000 | 286,000,000 | 7,833,000,000 | 259,000,000 | |
total assets | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 126,724,000,000 | 126,724,000,000 | 125,111,000,000 | 130,626,000,000 | 126,724,000,000 | 131,017,000,000 | 135,629,000,000 | 147,046,000,000 | 157,542,000,000 | 157,542,000,000 | 161,492,000,000 | 158,157,000,000 | 165,086,000,000 | 160,955,000,000 | 157,087,000,000 | 151,616,000,000 | 152,768,000,000 | 154,137,000,000 | 140,406,000,000 | 147,356,000,000 | 137,217,000,000 | 136,083,000,000 | 135,394,000,000 | 133,650,000,000 | 129,819,000,000 | 141,287,000,000 | 127,766,000,000 | 118,296,000,000 | 118,256,000,000 | 119,767,000,000 | 119,767,000,000 | 119,767,000,000 | 121,307,000,000 | 121,307,000,000 | 121,307,000,000 | 131,094,000,000 | 137,840,000,000 | 122,209,000,000 | 115,552,000,000 | 117,102,000,000 | 114,720,000,000 | 106,232,000,000 | 101,145,000,000 | 101,039,000,000 | 97,843,000,000 | 91,239,000,000 | 85,178,000,000 | 84,106,000,000 | 82,616,000,000 | 76,041,000,000 | 71,815,000,000 | 79,331,000,000 | 70,457,000,000 | 70,552,000,000 | 72,269,000,000 | 65,805,000,000 | 63,576,000,000 | 60,114,000,000 | 61,192,000,000 | 59,805,000,000 | 58,353,000,000 | |
liabilities and shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
policy liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
future policy benefits | 70,381,000,000 | 70,381,000,000 | 70,381,000,000 | 70,381,000,000 | 70,381,000,000 | 70,381,000,000 | 83,718,000,000 | 83,718,000,000 | 78,448,000,000 | 85,904,000,000 | 83,718,000,000 | 80,749,000,000 | 78,210,000,000 | 85,866,000,000 | 90,588,000,000 | 90,588,000,000 | 92,992,000,000 | 92,396,000,000 | 97,783,000,000 | 95,240,000,000 | 92,992,000,000 | 91,393,000,000 | 90,335,000,000 | 90,824,000,000 | 86,368,000,000 | 87,268,000,000 | 81,116,000,000 | 80,652,000,000 | 79,624,000,000 | 82,611,000,000 | 75,071,000,000 | 69,687,000,000 | 69,687,000,000 | 65,646,000,000 | 65,646,000,000 | 65,646,000,000 | 69,136,000,000 | 69,136,000,000 | 69,136,000,000 | 83,065,000,000 | 80,078,000,000 | 76,332,000,000 | 61,887,000,000 | 57,788,000,000 | 55,995,000,000 | 59,310,000,000 | 52,092,000,000 | 50,147,000,000 | 52,142,000,000 | 44,389,000,000 | 41,079,000,000 | 41,928,000,000 | ||||||||||||||||
unpaid policy claims | 381,000,000 | 381,000,000 | 381,000,000 | 381,000,000 | 381,000,000 | 381,000,000 | 261,000,000 | 261,000,000 | 249,000,000 | 244,000,000 | 261,000,000 | 4,561,000,000 | 4,453,000,000 | 4,754,000,000 | 4,836,000,000 | 4,836,000,000 | 4,921,000,000 | 4,948,000,000 | 5,187,000,000 | 4,976,000,000 | 4,773,000,000 | 4,693,000,000 | 4,659,000,000 | 4,741,000,000 | 4,584,000,000 | 4,630,000,000 | 4,368,000,000 | 4,281,000,000 | 4,230,000,000 | 4,261,000,000 | 3,990,000,000 | 3,802,000,000 | 3,802,000,000 | 3,630,000,000 | 3,630,000,000 | 3,630,000,000 | 3,763,000,000 | 3,763,000,000 | 3,763,000,000 | 4,267,000,000 | 4,057,000,000 | 3,885,000,000 | 3,315,000,000 | 3,128,000,000 | 3,013,000,000 | 3,118,000,000 | 2,800,000,000 | 2,643,000,000 | 2,694,000,000 | 2,497,000,000 | 2,404,000,000 | 2,443,000,000 | ||||||||||||||||
unearned premiums | 1,286,000,000 | 1,286,000,000 | 1,286,000,000 | 1,286,000,000 | 1,286,000,000 | 1,286,000,000 | 1,451,000,000 | 1,451,000,000 | 1,447,000,000 | 1,544,000,000 | 1,451,000,000 | 1,825,000,000 | 1,971,000,000 | 2,318,000,000 | 2,576,000,000 | 2,576,000,000 | 3,005,000,000 | 3,194,000,000 | 3,597,000,000 | 3,729,000,000 | 3,854,000,000 | 4,044,000,000 | 4,243,000,000 | 4,544,000,000 | 5,090,000,000 | 6,084,000,000 | 6,262,000,000 | 6,547,000,000 | 6,825,000,000 | 8,726,000,000 | 8,286,000,000 | 7,857,000,000 | 7,857,000,000 | 8,626,000,000 | 8,626,000,000 | 8,626,000,000 | 10,642,000,000 | 10,642,000,000 | 10,642,000,000 | 2,315,000,000 | 2,068,000,000 | 1,854,000,000 | 929,000,000 | 847,000,000 | 824,000,000 | 874,000,000 | 781,000,000 | 745,000,000 | 781,000,000 | 682,000,000 | 631,000,000 | 655,000,000 | ||||||||||||||||
other policyholders’ funds | 5,460,000,000 | 5,460,000,000 | 5,460,000,000 | 5,460,000,000 | 5,460,000,000 | 5,460,000,000 | 6,169,000,000 | 6,169,000,000 | 5,884,000,000 | 6,115,000,000 | 6,169,000,000 | 6,123,000,000 | 5,984,000,000 | 6,705,000,000 | 7,072,000,000 | 7,072,000,000 | 7,368,000,000 | 7,367,000,000 | 7,824,000,000 | 7,642,000,000 | 7,484,000,000 | 7,422,000,000 | 7,317,000,000 | 7,421,000,000 | 7,146,000,000 | 7,417,000,000 | 6,967,000,000 | 6,978,000,000 | 6,945,000,000 | 7,468,000,000 | 6,781,000,000 | 6,285,000,000 | 6,285,000,000 | 6,031,000,000 | 6,031,000,000 | 6,031,000,000 | 5,861,000,000 | 5,861,000,000 | 5,861,000,000 | 15,681,000,000 | 13,210,000,000 | 10,933,000,000 | 3,412,000,000 | 3,032,000,000 | 2,832,000,000 | 2,917,000,000 | 2,502,000,000 | 2,346,000,000 | 2,179,000,000 | 1,767,000,000 | 1,608,000,000 | 1,625,000,000 | ||||||||||||||||
total policy liabilities | 77,508,000,000 | 77,508,000,000 | 77,508,000,000 | 77,508,000,000 | 77,508,000,000 | 77,508,000,000 | 91,599,000,000 | 91,599,000,000 | 86,028,000,000 | 93,807,000,000 | 91,599,000,000 | 93,258,000,000 | 90,618,000,000 | 99,643,000,000 | 105,072,000,000 | 105,072,000,000 | 108,286,000,000 | 107,905,000,000 | 114,391,000,000 | 111,587,000,000 | 109,103,000,000 | 107,552,000,000 | 106,554,000,000 | 107,530,000,000 | 103,188,000,000 | 105,399,000,000 | 98,713,000,000 | 98,458,000,000 | 97,624,000,000 | 103,066,000,000 | 94,128,000,000 | 87,631,000,000 | 87,631,000,000 | 83,933,000,000 | 83,933,000,000 | 83,933,000,000 | 89,402,000,000 | 89,402,000,000 | 89,402,000,000 | 105,328,000,000 | 99,413,000,000 | 93,004,000,000 | 69,543,000,000 | 64,795,000,000 | 62,664,000,000 | 66,219,000,000 | 58,175,000,000 | 55,881,000,000 | 57,796,000,000 | 49,335,000,000 | 45,722,000,000 | 46,651,000,000 | ||||||||||||||||
income taxes | 573,000,000 | 573,000,000 | 573,000,000 | 573,000,000 | 573,000,000 | 573,000,000 | 154,000,000 | 154,000,000 | 869,000,000 | 343,000,000 | 154,000,000 | 1,296,000,000 | 2,275,000,000 | 3,503,000,000 | 4,339,000,000 | 4,339,000,000 | 4,451,000,000 | 4,350,000,000 | 4,661,000,000 | 4,278,000,000 | 5,228,000,000 | 4,610,000,000 | 5,370,000,000 | 5,737,000,000 | 4,020,000,000 | 4,407,000,000 | 4,745,000,000 | 6,195,000,000 | 6,057,000,000 | 5,626,000,000 | 5,387,000,000 | 6,714,000,000 | 5,106,000,000 | 4,340,000,000 | 4,340,000,000 | 5,293,000,000 | 5,293,000,000 | 5,293,000,000 | 3,718,000,000 | 3,718,000,000 | 3,718,000,000 | 3,858,000,000 | 3,263,000,000 | 2,635,000,000 | 2,599,000,000 | 2,613,000,000 | 1,969,000,000 | 1,653,000,000 | 1,361,000,000 | 880,000,000 | 368,000,000 | 1,201,000,000 | 1,440,000,000 | 2,053,000,000 | 2,097,000,000 | 2,531,000,000 | 2,260,000,000 | 2,360,000,000 | 2,475,000,000 | 2,462,000,000 | ||||||||
payables for return of cash collateral on loaned securities | 2,037,000,000 | 2,037,000,000 | 2,037,000,000 | 2,037,000,000 | 2,037,000,000 | 2,037,000,000 | 1,503,000,000 | 1,503,000,000 | 4,607,000,000 | 4,679,000,000 | 1,503,000,000 | 1,809,000,000 | 3,261,000,000 | 2,198,000,000 | 2,162,000,000 | 2,162,000,000 | 3,133,000,000 | 1,896,000,000 | 964,000,000 | 1,495,000,000 | 2,275,000,000 | 2,969,000,000 | 1,876,000,000 | 2,189,000,000 | 1,052,000,000 | 5,368,000,000 | 522,000,000 | 663,000,000 | 1,482,000,000 | 826,000,000 | 830,000,000 | 941,000,000 | 941,000,000 | 2,193,000,000 | 2,193,000,000 | 2,193,000,000 | 5,820,000,000 | 5,820,000,000 | 5,820,000,000 | 6,591,000,000 | 192,000,000 | 193,000,000 | 106,000,000 | 593,000,000 | 111,000,000 | 1,733,000,000 | 1,332,000,000 | 1,540,000,000 | 991,000,000 | 656,000,000 | 1,082,000,000 | 989,000,000 | ||||||||||||||||
notes payable and lease obligations | 7,498,000,000 | 7,498,000,000 | 7,498,000,000 | 7,498,000,000 | 7,498,000,000 | 7,498,000,000 | 7,364,000,000 | 7,364,000,000 | 6,961,000,000 | 7,087,000,000 | 7,364,000,000 | 7,442,000,000 | 7,416,000,000 | 7,768,000,000 | 7,956,000,000 | 7,956,000,000 | 8,121,000,000 | 8,088,000,000 | 7,899,000,000 | 7,825,000,000 | 7,771,000,000 | 6,758,000,000 | 6,569,000,000 | 6,233,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 91,468,000,000 | 91,468,000,000 | 91,468,000,000 | 91,468,000,000 | 91,468,000,000 | 91,468,000,000 | 104,739,000,000 | 104,739,000,000 | 102,442,000,000 | 110,187,000,000 | 104,739,000,000 | 108,652,000,000 | 109,242,000,000 | 117,519,000,000 | 124,289,000,000 | 124,289,000,000 | 127,757,000,000 | 126,054,000,000 | 131,527,000,000 | 128,476,000,000 | 127,667,000,000 | 125,214,000,000 | 123,809,000,000 | 124,699,000,000 | 116,944,000,000 | 123,069,000,000 | 114,106,000,000 | 113,891,000,000 | 113,310,000,000 | 118,737,000,000 | 107,745,000,000 | 100,588,000,000 | 100,548,000,000 | 101,420,000,000 | 101,420,000,000 | 101,420,000,000 | 106,687,000,000 | 106,687,000,000 | 106,687,000,000 | 121,855,000,000 | 108,030,000,000 | 101,909,000,000 | 74,734,000,000 | 69,691,000,000 | 66,616,000,000 | 72,692,000,000 | 63,957,000,000 | 62,653,000,000 | 64,135,000,000 | 55,125,000,000 | 51,924,000,000 | 52,703,000,000 | ||||||||||||||||
commitments and contingent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2025 and 2024; issued 1,357,841 shares in 2025 and 1,356,763 shares in 2024 | 136,000,000 | 136,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 2,894,000,000 | 2,894,000,000 | 2,894,000,000 | 2,894,000,000 | 2,894,000,000 | 2,894,000,000 | 2,771,000,000 | 2,771,000,000 | 2,729,000,000 | 2,697,000,000 | 2,771,000,000 | 2,641,000,000 | 2,589,000,000 | 2,560,000,000 | 2,529,000,000 | 2,529,000,000 | 2,465,000,000 | 2,438,000,000 | 2,410,000,000 | 2,383,000,000 | 2,358,000,000 | 2,334,000,000 | 2,313,000,000 | 2,277,000,000 | 2,177,000,000 | 2,089,000,000 | 2,077,000,000 | 2,048,000,000 | 2,008,000,000 | 1,905,000,000 | 1,866,000,000 | 1,828,000,000 | 1,828,000,000 | 1,711,000,000 | 1,711,000,000 | 1,711,000,000 | 1,644,000,000 | 1,644,000,000 | 1,644,000,000 | 1,473,000,000 | 1,453,000,000 | 1,433,000,000 | 1,216,000,000 | 1,201,000,000 | 1,190,000,000 | 1,184,000,000 | 335,000,000 | 1,132,000,000 | 1,090,000,000 | 1,019,000,000 | 978,000,000 | 924,000,000 | ||||||||||||||||
retained earnings | 52,277,000,000 | 52,277,000,000 | 52,277,000,000 | 52,277,000,000 | 52,277,000,000 | 52,277,000,000 | 47,993,000,000 | 47,993,000,000 | 48,257,000,000 | 46,937,000,000 | 47,993,000,000 | 44,568,000,000 | 43,547,000,000 | 42,413,000,000 | 41,381,000,000 | 41,381,000,000 | 40,162,000,000 | 39,277,000,000 | 37,984,000,000 | 37,460,000,000 | 35,204,000,000 | 34,599,000,000 | 34,291,000,000 | 33,710,000,000 | 31,788,000,000 | 30,183,000,000 | 27,489,000,000 | 26,942,000,000 | 26,400,000,000 | 24,944,000,000 | 24,565,000,000 | 24,007,000,000 | 24,007,000,000 | 22,156,000,000 | 22,156,000,000 | 22,156,000,000 | 19,885,000,000 | 19,885,000,000 | 19,885,000,000 | 16,969,000,000 | 16,108,000,000 | 15,779,000,000 | 12,290,000,000 | 12,058,000,000 | 11,875,000,000 | 11,306,000,000 | 11,352,000,000 | 11,366,000,000 | 10,997,000,000 | 10,354,000,000 | 10,034,000,000 | 9,720,000,000 | ||||||||||||||||
accumulated other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency translation gains | -4,998,000,000 | -4,998,000,000 | -4,998,000,000 | -4,998,000,000 | -4,998,000,000 | -4,998,000,000 | -4,069,000,000 | -4,069,000,000 | -4,484,000,000 | -4,249,000,000 | -4,069,000,000 | -3,640,000,000 | -3,289,000,000 | -2,482,000,000 | -2,013,000,000 | -2,013,000,000 | -1,661,000,000 | -1,674,000,000 | -1,109,000,000 | -1,290,000,000 | -1,469,000,000 | -1,543,000,000 | -1,623,000,000 | -1,479,000,000 | -1,847,000,000 | -1,303,000,000 | -1,715,000,000 | -1,580,000,000 | -1,650,000,000 | -847,000,000 | -1,584,000,000 | -2,196,000,000 | -2,196,000,000 | -2,541,000,000 | -2,541,000,000 | -2,541,000,000 | -1,505,000,000 | -1,505,000,000 | -1,505,000,000 | 1,011,000,000 | 865,000,000 | 718,000,000 | 862,000,000 | 591,000,000 | 495,000,000 | 750,000,000 | 362,000,000 | 292,000,000 | 463,000,000 | 113,000,000 | -18,000,000 | 64,000,000 | ||||||||||||||||
unrealized gains on fixed maturity securities | 24,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 24,000,000 | 1,139,000,000 | 1,139,000,000 | -403,000,000 | 1,978,000,000 | 1,139,000,000 | -702,000,000 | 2,930,000,000 | 5,787,000,000 | 9,602,000,000 | 9,602,000,000 | 9,992,000,000 | 8,794,000,000 | 10,361,000,000 | 9,520,000,000 | 8,532,000,000 | 6,043,000,000 | 8,548,000,000 | 8,970,000,000 | 4,234,000,000 | 5,206,000,000 | ||||||||||||||||||||||||||||||||||||||||||
unrealized gains on derivatives | -20,000,000 | -20,000,000 | -20,000,000 | -20,000,000 | -20,000,000 | -20,000,000 | -22,000,000 | -22,000,000 | -24,000,000 | -25,000,000 | -22,000,000 | -27,000,000 | -29,000,000 | -29,000,000 | -30,000,000 | -30,000,000 | -33,000,000 | -33,000,000 | -34,000,000 | -35,000,000 | -36,000,000 | -35,000,000 | -33,000,000 | -33,000,000 | -24,000,000 | -21,000,000 | -23,000,000 | -23,000,000 | -22,000,000 | -19,000,000 | -24,000,000 | -26,000,000 | -26,000,000 | -26,000,000 | -26,000,000 | -26,000,000 | -12,000,000 | -12,000,000 | -12,000,000 | 5,000,000 | 4,000,000 | 1,000,000 | ||||||||||||||||||||||||||
effect of changes in discount rate assumptions | 2,006,000,000 | 2,006,000,000 | 2,006,000,000 | 2,006,000,000 | 2,006,000,000 | 2,006,000,000 | -2,560,000,000 | -2,560,000,000 | -866,000,000 | -5,059,000,000 | -2,560,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension liability adjustment | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | -8,000,000 | -8,000,000 | 17,000,000 | 17,000,000 | -8,000,000 | -36,000,000 | -160,000,000 | -163,000,000 | -166,000,000 | -166,000,000 | -279,000,000 | -280,000,000 | -284,000,000 | -278,000,000 | -277,000,000 | -277,000,000 | -277,000,000 | -207,000,000 | -212,000,000 | -197,000,000 | -168,000,000 | -169,000,000 | -170,000,000 | -143,000,000 | -140,000,000 | -139,000,000 | -139,000,000 | -126,000,000 | -126,000,000 | -126,000,000 | -81,000,000 | -81,000,000 | -81,000,000 | -189,000,000 | -168,000,000 | -167,000,000 | -118,000,000 | -117,000,000 | -117,000,000 | -121,000,000 | -69,000,000 | -69,000,000 | -71,000,000 | -76,000,000 | -76,000,000 | -78,000,000 | ||||||||||||||||
treasury stock | -26,231,000,000 | -26,231,000,000 | -26,231,000,000 | -26,231,000,000 | -26,231,000,000 | -26,231,000,000 | -23,395,000,000 | -23,395,000,000 | -22,693,000,000 | -21,993,000,000 | -23,395,000,000 | -20,574,000,000 | -19,336,000,000 | -18,694,000,000 | -18,185,000,000 | -18,185,000,000 | -17,046,000,000 | -16,554,000,000 | -15,904,000,000 | -15,416,000,000 | -15,027,000,000 | -14,854,000,000 | -14,395,000,000 | -13,935,000,000 | -12,789,000,000 | -11,805,000,000 | -11,187,000,000 | -10,955,000,000 | -10,767,000,000 | -9,798,000,000 | -9,413,000,000 | -8,819,000,000 | -8,819,000,000 | -7,566,000,000 | -7,566,000,000 | -7,566,000,000 | -6,413,000,000 | -6,413,000,000 | -6,413,000,000 | -5,610,000,000 | -5,619,000,000 | -5,635,000,000 | -5,322,000,000 | -5,323,000,000 | -5,324,000,000 | -5,335,000,000 | -4,664,000,000 | -4,674,000,000 | -4,646,000,000 | -3,780,000,000 | -3,673,000,000 | -3,578,000,000 | ||||||||||||||||
total shareholders’ equity | 26,098,000,000 | 26,098,000,000 | 26,098,000,000 | 26,098,000,000 | 26,098,000,000 | 26,098,000,000 | 21,985,000,000 | 21,985,000,000 | 22,669,000,000 | 20,439,000,000 | 21,985,000,000 | 22,365,000,000 | 26,387,000,000 | 29,527,000,000 | 33,253,000,000 | 33,253,000,000 | 33,735,000,000 | 32,103,000,000 | 33,559,000,000 | 32,479,000,000 | 29,420,000,000 | 26,402,000,000 | 28,959,000,000 | 29,438,000,000 | 23,462,000,000 | 24,287,000,000 | 21,977,000,000 | 21,503,000,000 | 20,340,000,000 | 22,550,000,000 | 20,021,000,000 | 17,708,000,000 | 17,708,000,000 | 18,347,000,000 | 18,347,000,000 | 18,347,000,000 | 14,620,000,000 | 14,620,000,000 | 14,620,000,000 | 15,985,000,000 | 14,179,000,000 | 13,643,000,000 | 7,882,000,000 | 6,350,000,000 | 5,199,000,000 | 6,639,000,000 | 6,500,000,000 | 7,899,000,000 | 8,134,000,000 | 8,451,000,000 | 8,190,000,000 | 8,489,000,000 | ||||||||||||||||
total liabilities and shareholders’ equity | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 117,566,000,000 | 126,724,000,000 | 126,724,000,000 | 125,111,000,000 | 130,626,000,000 | 126,724,000,000 | 131,017,000,000 | 135,629,000,000 | 147,046,000,000 | 157,542,000,000 | 157,542,000,000 | 161,492,000,000 | 158,157,000,000 | 165,086,000,000 | 160,955,000,000 | 157,087,000,000 | 151,616,000,000 | 152,768,000,000 | 154,137,000,000 | 140,406,000,000 | 147,356,000,000 | 137,217,000,000 | 136,083,000,000 | 135,394,000,000 | 133,650,000,000 | 129,819,000,000 | 141,287,000,000 | 127,766,000,000 | 118,296,000,000 | 118,256,000,000 | 119,767,000,000 | 119,767,000,000 | 119,767,000,000 | 121,307,000,000 | 121,307,000,000 | 121,307,000,000 | 131,094,000,000 | 137,840,000,000 | 122,209,000,000 | 115,552,000,000 | 117,102,000,000 | 101,039,000,000 | 82,616,000,000 | 76,041,000,000 | 71,815,000,000 | 79,331,000,000 | 70,457,000,000 | 70,552,000,000 | 72,269,000,000 | 65,805,000,000 | 63,576,000,000 | 60,114,000,000 | 61,192,000,000 | 59,805,000,000 | |||||||||
commercial mortgage and other loans, net of allowance for credit losses of 384 in 2025 and 355 in 2024 | 10,869,000,000 | 10,869,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2025 and 2024; issued 1,357,790 shares in 2025 and 1,356,763 shares in 2024 | 136,000,000 | 136,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 368 in 2025 and 355 in 2024 | 10,869,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2025 and 2024; issued 1,357,752 shares in 2025 and 1,356,763 shares in 2024 | 136,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held-to-maturity, at amortized cost, net of allowance for credit losses of 5 in 2024 and 5 in 2023 | 15,966,000,000 | 17,819,000,000 | 17,819,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 355 in 2024 and 274 in 2023 | 10,869,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2024 and 2023; issued 1,356,763 shares in 2024 and 1,355,398 shares in 2023 | 136,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 232 in 2024 and 274 in 2023 | 12,527,000,000 | 12,527,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2024 and 2023; issued 1,356,480 shares in 2024 and 1,355,398 shares in 2023 | 136,000,000 | 136,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held-to-maturity, at amortized cost, net of allowance for credit losses of 5 in 2023 and 7 in 2022 | 17,819,000,000 | 16,899,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 274 in 2023 and 192 in 2022 | 12,527,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2023 and 2022; issued 1,355,398 shares in 2023 and 1,354,079 shares in 2022 | 136,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities available-for-sale, at fair value, | 66,369,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 260 in 2023 and 192 in 2022 | 12,873,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2023 and 2022; issued 1,355,312 shares in 2023 and 1,354,079 shares in 2022 | 136,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities available for sale, at fair value, | 70,739,000,000 | 71,936,000,000 | 75,611,000,000 | 85,795,000,000 | 94,206,000,000 | 94,206,000,000 | 97,791,000,000 | 96,391,000,000 | 101,286,000,000 | 98,844,000,000 | 95,896,000,000 | 92,502,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities available for sale - consolidated variable interest entities, at fair value | 3,766,000,000 | 3,805,000,000 | 3,820,000,000 | 4,170,000,000 | 4,490,000,000 | 4,490,000,000 | 4,493,000,000 | 4,353,000,000 | 4,596,000,000 | 4,284,000,000 | 4,063,000,000 | 3,786,000,000 | 4,312,000,000 | 4,562,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost, net of allowance for credit losses of 5 in 2023 and 7 in 2022 | 17,436,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 225 in 2023 and 192 in 2022 | 13,346,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2023 and 2022; issued 1,355,227 shares in 2023 and 1,354,079 shares in 2022 | 136,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost, net of allowance for credit losses of 7 in 2022 and 8 in 2021 | 19,056,000,000 | 18,507,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 192 in 2022 and 174 in 2021 | 13,496,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2022 and 2021; issued 1,354,079 shares in 2022 and 1,352,739 shares in 2021 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 170 in 2022 and 174 in 2021 | 13,053,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2022 and 2021; issued 1,353,871 shares in 2022 and 1,352,739 shares in 2021 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost, net of allowance for credit losses of 8 in 2022 and 8 in 2021 | 20,672,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 158 in 2022 and 174 in 2021 | 12,312,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2022 and 2021; issued 1,353,780 shares in 2022 and 1,352,739 shares in 2021 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost, net of allowance for credit losses of 8 in 2021 and 10 in 2020 | 22,000,000,000 | 22,891,000,000 | 22,868,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 174 in 2021 and 180 in 2020 | 11,786,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2021 and 2020; issued 1,352,739 shares in 2021 and 1,351,018 shares in 2020 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost, net of allowance for credit losses of 6 in 2022 and 8 in 2021 | 22,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 182 in 2022 and 174 in 2021 | 11,786,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2022 and 2021; issued 1,353,969 shares in 2022 and 1,352,739 shares in 2021 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 139 in 2021 and 180 in 2020 | 11,332,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2021 and 2020; issued 1,352,392 shares in 2021 and 1,351,018 shares in 2020 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 154 in 2021 and 180 in 2020 | 10,847,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2021 and 2020; issued 1,352,279 shares in 2021 and 1,351,018 shares in 2020 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost, net of allowance for credit losses of 10 in 2020 | 24,464,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 180 in 2020 | 10,554,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2020 and 2019; issued 1,351,018 shares in 2020 and 1,349,309 shares in 2019 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost, net of allowance for credit losses of 9 in 2020 | 23,937,000,000 | 23,509,000,000 | 23,278,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 165 in 2020 | 10,822,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2020 and 2019; issued 1,350,855 shares in 2020 and 1,349,309 shares in 2019 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 242 in 2020 | 10,717,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2020 and 2019; issued 1,350,735 shares in 2020 and 1,349,309 shares in 2019 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans, net of allowance for credit losses of 125 in 2020 | 10,750,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2020 and 2019; issued 1,350,650 shares in 2020 and 1,349,309 shares in 2019 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities available for sale, at fair value | 86,950,000,000 | 89,378,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities held to maturity, at amortized cost | 30,085,000,000 | 30,733,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans | 9,569,000,000 | 8,284,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2019 and 2018; issued 1,349,309 shares in 2019 and 1,347,540 shares in 2018 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2019 and 2018; issued 1,349,190 shares in 2019 and 1,347,540 shares in 2018 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities available for sale, at fair value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities | 78,429,000,000 | 83,602,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities - consolidated variable interest entities | 4,466,000,000 | 5,431,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities held to maturity, at amortized cost: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities, at fair value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities | 827,000,000 | 348,000,000 | 238,000,000 | 280,000,000 | 271,000,000 | 256,000,000 | 221,000,000 | 135,000,000 | 135,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 24,000,000 | 23,000,000 | 25,000,000 | 24,000,000 | 23,000,000 | 24,000,000 | 24,000,000 | 23,000,000 | 24,000,000 | 26,000,000 | 26,000,000 | 25,000,000 | 27,000,000 | 25,000,000 | 22,000,000 | 23,000,000 | 23,000,000 | 24,000,000 | 26,000,000 | 38,000,000 | 88,000,000 | ||||||||||||||||||||||||||||||||
equity securities - consolidated variable interest entities | 160,000,000 | 760,000,000 | 690,000,000 | 1,123,000,000 | 1,078,000,000 | 941,000,000 | 648,000,000 | 363,000,000 | 363,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 5,778,000,000 | 5,372,000,000 | 5,289,000,000 | 5,248,000,000 | 5,252,000,000 | 5,250,000,000 | 5,360,000,000 | 5,009,000,000 | 4,984,000,000 | 5,011,000,000 | 4,971,000,000 | 5,282,000,000 | 5,282,000,000 | 5,282,000,000 | 4,897,000,000 | 4,897,000,000 | 4,897,000,000 | 4,352,000,000 | 4,401,000,000 | 3,672,000,000 | 3,964,000,000 | 3,285,000,000 | 3,038,000,000 | 2,599,000,000 | 2,231,000,000 | 1,992,000,000 | 1,573,000,000 | 1,721,000,000 | 1,568,000,000 | 1,539,000,000 | 1,606,000,000 | 1,465,000,000 | 1,454,000,000 | 1,392,000,000 | 1,434,000,000 | 1,426,000,000 | ||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2018 and 2017; issued 1,347,540 shares in 2018 and 1,345,762 shares in 2017 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 3,800,000 shares in 2018 and 2017; issued 1,346,776 shares in 2018 and 1,345,762 shares in 2017 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments and cash | 123,659,000,000 | 116,361,000,000 | 118,219,000,000 | 103,462,000,000 | 88,230,000,000 | 73,192,000,000 | 57,056,000,000 | 51,972,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
policy liabilities | 99,147,000,000 | 93,726,000,000 | 97,949,000,000 | 94,593,000,000 | 82,456,000,000 | 69,245,000,000 | 50,676,000,000 | 45,440,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 3,438,000,000 | 4,864,000,000 | 8,957,000,000 | 3,105,000,000 | 2,520,000,000 | 2,192,000,000 | 2,338,000,000 | 2,136,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | 24,598,000,000 | 20,482,000,000 | 15,978,000,000 | 13,506,000,000 | 11,056,000,000 | 8,795,000,000 | 8,341,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities | 75,191,000,000 | 74,698,000,000 | 72,113,000,000 | 74,793,000,000 | 67,267,000,000 | 60,795,000,000 | 60,795,000,000 | 61,407,000,000 | 61,407,000,000 | 61,407,000,000 | 53,227,000,000 | 53,227,000,000 | 53,227,000,000 | 50,238,000,000 | 44,036,000,000 | 41,276,000,000 | 45,510,000,000 | 47,380,000,000 | 45,162,000,000 | 41,928,000,000 | 38,451,000,000 | 33,992,000,000 | 35,531,000,000 | 32,982,000,000 | 31,339,000,000 | 35,012,000,000 | 31,650,000,000 | 31,476,000,000 | 33,290,000,000 | 30,060,000,000 | 28,612,000,000 | 29,807,000,000 | 27,938,000,000 | 19,235,000,000 | ||||||||||||||||||||||||||||||||||
fixed maturities - consolidated variable interest entities | 5,224,000,000 | 5,059,000,000 | 4,964,000,000 | 5,493,000,000 | 4,861,000,000 | 4,554,000,000 | 4,554,000,000 | 4,166,000,000 | 4,166,000,000 | 4,166,000,000 | 4,843,000,000 | 4,843,000,000 | 4,843,000,000 | 6,010,000,000 | 5,745,000,000 | 5,246,000,000 | 5,365,000,000 | 5,126,000,000 | 5,156,000,000 | 5,060,000,000 | 4,767,000,000 | 4,443,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
perpetual securities | 1,652,000,000 | 1,627,000,000 | 1,555,000,000 | 1,635,000,000 | 1,723,000,000 | 1,719,000,000 | 1,719,000,000 | 2,240,000,000 | 2,240,000,000 | 2,240,000,000 | 2,479,000,000 | 2,479,000,000 | 2,479,000,000 | 4,132,000,000 | 3,966,000,000 | 4,159,000,000 | 5,215,000,000 | 5,559,000,000 | 5,847,000,000 | 6,006,000,000 | 5,758,000,000 | 6,218,000,000 | 7,836,000,000 | 7,226,000,000 | 6,209,000,000 | 8,047,000,000 | ||||||||||||||||||||||||||||||||||||||||||
perpetual securities - consolidated variable interest entities | 211,000,000 | 216,000,000 | 215,000,000 | 197,000,000 | 186,000,000 | 228,000,000 | 228,000,000 | 429,000,000 | 429,000,000 | 429,000,000 | 468,000,000 | 468,000,000 | 468,000,000 | 587,000,000 | 766,000,000 | 1,193,000,000 | 1,315,000,000 | 1,544,000,000 | 1,521,000,000 | 1,446,000,000 | 1,383,000,000 | 1,205,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2017 and 2016; issued 672,669 shares in 2017 and 671,249 shares in 2016 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on investment securities | 5,437,000,000 | 5,173,000,000 | 4,474,000,000 | 6,441,000,000 | 4,684,000,000 | 2,986,000,000 | 2,986,000,000 | 4,672,000,000 | 4,672,000,000 | 4,672,000,000 | 1,035,000,000 | 1,035,000,000 | 1,035,000,000 | 2,260,000,000 | -1,211,000,000 | -882,000,000 | -214,000,000 | 235,000,000 | 755,000,000 | 879,000,000 | 1,371,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2017 and 2016; issued 672,037 shares in 2017 and 671,249 shares in 2016 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2017 and 2016; issued 671,683 shares in 2017 and 671,249 shares in 2016 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2016 and 2015; issued 670,764 shares in 2016 and 669,723 shares in 2015 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2016 and 2015; issued 670,401 shares in 2016 and 669,723 shares in 2015 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2015 and 2014; issued 669,723 shares in 2015 and 668,132 shares in 2014 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2016 and 2015; issued 670,984 shares in 2016 and 669,723 shares in 2015 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2015 and 2014; issued 669,509 shares in 2015 and 668,132 shares in 2014 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2015 and 2014; issued 669,066 shares in 2015 and 668,132 shares in 2014 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2015 and 2014; issued 668,854 shares in 2015 and 668,132 shares in 2014 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2014 and 2013; issued 667,967 shares in 2014 and 667,046 shares in 2013 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2014 and 2013; issued 667,796 shares in 2014 and 667,046 shares in 2013 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2014 and 2013; issued 667,620 shares in 2014 and 667,046 shares in 2013 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2012 and 2011; issued 664,796 shares in 2012 and 663,639 shares in 2011 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2012 and 2011; issued 664,532 shares in 2012 and 663,639 shares in 2011 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities not other-than-temporarily impaired | 1,470,000,000 | 1,448,000,000 | -2,983,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2012 and 2011; issued 664,437 shares in 2012 and 663,639 shares in 2011 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | 8,417,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 84,106,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2009 and 2008; issued 660,728 shares in 2009 and 660,035 shares in 2008 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities not other-than- temporarily impaired | -1,103,000,000 | -2,121,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on other-than-temporarily impaired securities | -9,000,000 | -5,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total unrealized gains on investment securities | -1,112,000,000 | -2,126,000,000 | -2,986,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables, primarily premiums | 840,000,000 | 667,000,000 | 920,000,000 | 823,000,000 | 777,000,000 | 665,000,000 | 688,000,000 | 523,000,000 | 502,000,000 | 522,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2009 and 2008; issued 660,487 shares in 2009 and 660,035 shares in 2008 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2009 and 2008; issued 660,426 shares in 2009 and 660,035 shares in 2008 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity per share | 11,120,000 | 13,640,000 | 16,590,000 | 17,120,000 | 17,330,000 | 16,770,000 | 17,370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2008 and 1,000,000 shares in 2007; issued 660,035 shares in 2008 and 658,604 shares in 2007 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
perpetual debentures | 7,866,000,000 | 3,970,000,000 | 4,241,000,000 | 4,058,000,000 | 4,015,000,000 | 4,413,000,000 | 4,256,000,000 | 3,185,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2008 and 1,000,000 shares in 2007; issued 659,762 shares in 2008 and 658,604 shares in 2007 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables for securities transactions | 225,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,900,000 shares in 2008 and 1,000,000 shares in 2007; issued 659,601 shares in 2008 and 658,604 shares in 2007 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,000,000 shares; issued 659,197 shares in 2008 and 658,604 shares in 2007 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,000,000 shares; issued 658,203 shares in 2007 and 655,715 shares in 2006 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,000,000 shares; issued 657,215 shares in 2007 and 655,715 shares in 2006 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: authorized 1,000,000 shares; issued 656,288 shares in 2007 and 655,715 shares in 2006 | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables for security transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of .10 par value. in thousands: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized 1,000,000 shares; issued 655,366 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares in 2006 and 654,522 shares in 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum pension liability adjustment |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings | 1,639,000,000 | 599,000,000 | 29,000,000 | 1,902,000,000 | -93,000,000 | 1,755,000,000 | 1,879,000,000 | 268,000,000 | 1,569,000,000 | 1,634,000,000 | 1,188,000,000 | 185,000,000 | 1,596,000,000 | 1,388,000,000 | 1,032,000,000 | 1,039,000,000 | 888,000,000 | 1,105,000,000 | 1,293,000,000 | 952,000,000 | 2,456,000,000 | 804,000,000 | 566,000,000 | 717,000,000 | 2,583,000,000 | 716,000,000 | 713,000,000 | 592,000,000 | 751,000,000 | 629,000,000 | 548,000,000 | 731,000,000 | 730,000,000 | 567,000,000 | 573,000,000 | 663,000,000 | 706,000,000 | 810,000,000 | 732,000,000 | 892,000,000 | 581,000,000 | 1,017,000,000 | 483,000,000 | 785,000,000 | 546,000,000 | 744,000,000 | 279,000,000 | 395,000,000 | 437,000,000 | 690,000,000 | 581,000,000 | 636,000,000 | 252,000,000 | 363,000,000 | 313,000,000 | 569,000,000 | 197,000,000 | 100,000,000 | 483,000,000 | 474,000,000 | 383,000,000 | 420,000,000 | 415,000,000 | 416,000,000 | 333,000,000 | 664,000,000 |
adjustments to reconcile net earnings to net cash provided (used) by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in receivables and advance premiums | 20,000,000 | -11,000,000 | -37,000,000 | 23,000,000 | 9,000,000 | -13,000,000 | 32,000,000 | -175,000,000 | 77,000,000 | -1,000,000 | -34,000,000 | 19,000,000 | 12,000,000 | 1,000,000 | -30,000,000 | 50,000,000 | 26,000,000 | 15,000,000 | -19,000,000 | 40,000,000 | 77,000,000 | -80,000,000 | 15,000,000 | 14,000,000 | -59,000,000 | -40,000,000 | -98,000,000 | 106,000,000 | 1,000,000 | -12,000,000 | 21,000,000 | 32,000,000 | 49,000,000 | 97,000,000 | -140,000,000 | 141,000,000 | -26,000,000 | -147,000,000 | 171,000,000 | 203,000,000 | 1,041,000,000 | 1,493,000,000 | 1,548,000,000 | 1,587,000,000 | 1,108,000,000 | 906,000,000 | 465,000,000 | 461,000,000 | 359,000,000 | 296,000,000 | 188,000,000 | 235,000,000 | 178,000,000 | 103,000,000 | -132,000,000 | 257,000,000 | -12,000,000 | -12,000,000 | -120,000,000 | 134,000,000 | -36,000,000 | -149,000,000 | -30,000,000 | 39,000,000 | ||
capitalization of deferred policy acquisition costs | -293,000,000 | -257,000,000 | -246,000,000 | -289,000,000 | -259,000,000 | -254,000,000 | -254,000,000 | -282,000,000 | -279,000,000 | -255,000,000 | -270,000,000 | -284,000,000 | -261,000,000 | -254,000,000 | -255,000,000 | -285,000,000 | -263,000,000 | -253,000,000 | -262,000,000 | -272,000,000 | -266,000,000 | -279,000,000 | -325,000,000 | -349,000,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of deferred policy acquisition costs | 218,000,000 | 221,000,000 | 216,000,000 | 213,000,000 | 214,000,000 | 209,000,000 | 215,000,000 | 208,000,000 | 201,000,000 | 202,000,000 | 205,000,000 | 294,000,000 | 268,000,000 | 268,000,000 | 322,000,000 | 301,000,000 | 277,000,000 | 281,000,000 | 311,000,000 | 300,000,000 | 292,000,000 | 289,000,000 | 333,000,000 | 314,000,000 | ||||||||||||||||||||||||||||||||||||||||||
increase in policy liabilities | -537,000,000 | -59,000,000 | -136,000,000 | -43,000,000 | -216,000,000 | -2,000,000 | -41,000,000 | -453,000,000 | -62,000,000 | 324,000,000 | -361,000,000 | -91,000,000 | 395,000,000 | 159,000,000 | 198,000,000 | 206,000,000 | 292,000,000 | 274,000,000 | 204,000,000 | 422,000,000 | 665,000,000 | 568,000,000 | 368,000,000 | 572,000,000 | 753,000,000 | 811,000,000 | 660,000,000 | 666,000,000 | 1,002,000,000 | 675,000,000 | 735,000,000 | 919,000,000 | 828,000,000 | 982,000,000 | 879,000,000 | 835,000,000 | 1,042,000,000 | 654,000,000 | 978,000,000 | 2,400,000,000 | 1,496,000,000 | 1,858,000,000 | 1,387,000,000 | 1,292,000,000 | 1,426,000,000 | 1,337,000,000 | 971,000,000 | 951,000,000 | 985,000,000 | 990,000,000 | 794,000,000 | 679,000,000 | 800,000,000 | 798,000,000 | 687,000,000 | 734,000,000 | 808,000,000 | 815,000,000 | 829,000,000 | 783,000,000 | 794,000,000 | 831,000,000 | 773,000,000 | 796,000,000 | 831,000,000 | |
change in income tax liabilities | 359,000,000 | -384,000,000 | 117,000,000 | -329,000,000 | 157,000,000 | -512,000,000 | 291,000,000 | -678,000,000 | 131,000,000 | -574,000,000 | 154,000,000 | -22,000,000 | -588,000,000 | -269,000,000 | 321,000,000 | -207,000,000 | 227,000,000 | -233,000,000 | 331,000,000 | 90,000,000 | -1,392,000,000 | -270,000,000 | 153,000,000 | -131,000,000 | -1,563,000,000 | -45,000,000 | 97,000,000 | 271,000,000 | 272,000,000 | -229,000,000 | 231,000,000 | -367,000,000 | 7,000,000 | -173,000,000 | 286,000,000 | -156,000,000 | -187,000,000 | 237,000,000 | -320,000,000 | 193,000,000 | 327,000,000 | 280,000,000 | 125,000,000 | -20,000,000 | 202,000,000 | 131,000,000 | 72,000,000 | -154,000,000 | 252,000,000 | -71,000,000 | 33,000,000 | -111,000,000 | 30,000,000 | 187,000,000 | -111,000,000 | -268,000,000 | 225,000,000 | -117,000,000 | 209,000,000 | -19,000,000 | 172,000,000 | 59,000,000 | ||||
net investment losses | 963,000,000 | -951,000,000 | 511,000,000 | -122,000,000 | 463,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 121,000,000 | -131,000,000 | -317,000,000 | -112,000,000 | 50,000,000 | -232,000,000 | -322,000,000 | 1,434,000,000 | 56,000,000 | -396,000,000 | -51,000,000 | 410,000,000 | -147,000,000 | -219,000,000 | -206,000,000 | 10,000,000 | 234,000,000 | -138,000,000 | -185,000,000 | 80,000,000 | 276,000,000 | -15,000,000 | -159,000,000 | -33,000,000 | -60,000,000 | 132,000,000 | 55,000,000 | 23,000,000 | 98,000,000 | 140,000,000 | -133,000,000 | 126,000,000 | 595,000,000 | 145,000,000 | 230,000,000 | 19,000,000 | -24,000,000 | 124,000,000 | 34,000,000 | 400,000,000 | 46,000,000 | 14,000,000 | -102,000,000 | 8,000,000 | 40,000,000 | 68,000,000 | -114,000,000 | 30,000,000 | 41,000,000 | 186,000,000 | -45,000,000 | -197,000,000 | 126,000,000 | 137,000,000 | 25,000,000 | -42,000,000 | 145,000,000 | 81,000,000 | -31,000,000 | 17,000,000 | 91,000,000 | 55,000,000 | -57,000,000 | -24,000,000 | -47,000,000 | 76,000,000 |
net cash provided (used) by operating activities | 1,252,000,000 | 399,000,000 | 589,000,000 | 333,000,000 | 1,270,000,000 | 255,000,000 | 849,000,000 | 833,000,000 | 1,270,000,000 | 379,000,000 | 708,000,000 | 1,033,000,000 | 1,076,000,000 | 510,000,000 | 1,260,000,000 | 870,000,000 | 1,853,000,000 | 962,000,000 | 1,366,000,000 | 1,357,000,000 | 2,000,000,000 | 1,187,000,000 | 1,414,000,000 | 1,238,000,000 | 1,532,000,000 | 1,431,000,000 | 1,408,000,000 | 1,757,000,000 | 1,867,000,000 | 1,266,000,000 | 1,523,000,000 | 1,331,000,000 | 2,006,000,000 | 1,667,000,000 | 1,643,000,000 | 1,460,000,000 | 1,445,000,000 | 1,517,000,000 | 1,615,000,000 | 3,832,000,000 | 3,501,000,000 | 4,206,000,000 | 3,689,000,000 | 3,556,000,000 | 3,356,000,000 | 3,108,000,000 | 2,211,000,000 | 2,167,000,000 | 2,120,000,000 | 1,846,000,000 | 1,745,000,000 | 1,278,000,000 | ||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investments sold or matured: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale fixed maturity securities | 1,750,000,000 | 1,881,000,000 | 5,935,000,000 | 2,373,000,000 | 1,234,000,000 | 1,312,000,000 | 2,286,000,000 | 1,699,000,000 | 564,000,000 | 599,000,000 | 949,000,000 | 1,421,000,000 | 833,000,000 | 1,619,000,000 | 545,000,000 | 1,438,000,000 | 1,251,000,000 | 817,000,000 | 651,000,000 | 1,037,000,000 | 707,000,000 | 1,255,000,000 | 726,000,000 | -3,975,000,000 | ||||||||||||||||||||||||||||||||||||||||||
equity securities | 115,000,000 | 144,000,000 | 96,000,000 | 80,000,000 | 152,000,000 | 283,000,000 | 267,000,000 | 51,000,000 | 109,000,000 | 118,000,000 | 126,000,000 | 52,000,000 | 120,000,000 | 296,000,000 | 102,000,000 | 54,000,000 | 86,000,000 | 1,000,000 | 123,000,000 | 17,000,000 | 124,000,000 | 90,000,000 | 3,000,000 | -166,000,000 | ||||||||||||||||||||||||||||||||||||||||||
held-to-maturity fixed maturity securities | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 1,000,000 | 0 | 2,000,000 | 0 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial mortgage and other loans | 346,000,000 | 575,000,000 | 500,000,000 | 953,000,000 | 530,000,000 | 573,000,000 | 379,000,000 | 365,000,000 | 548,000,000 | 310,000,000 | 418,000,000 | 341,000,000 | 579,000,000 | 632,000,000 | 638,000,000 | 1,474,000,000 | 946,000,000 | 954,000,000 | 725,000,000 | 970,000,000 | 430,000,000 | 277,000,000 | 408,000,000 | |||||||||||||||||||||||||||||||||||||||||||
costs of investments acquired: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments | -97,000,000 | -315,000,000 | -697,000,000 | 1,710,000,000 | -398,000,000 | -165,000,000 | -2,119,000,000 | 485,000,000 | 345,000,000 | -173,000,000 | -1,074,000,000 | -173,000,000 | 126,000,000 | -42,000,000 | -138,000,000 | -137,000,000 | -244,000,000 | -484,000,000 | -201,000,000 | -455,000,000 | -112,000,000 | 68,000,000 | -361,000,000 | -1,069,000,000 | -435,000,000 | -311,000,000 | -203,000,000 | -317,000,000 | -477,000,000 | -201,000,000 | -123,000,000 | -43,000,000 | 4,000,000 | -24,000,000 | -7,000,000 | |||||||||||||||||||||||||||||||
settlement of derivatives | -13,000,000 | 8,000,000 | 18,000,000 | -92,000,000 | 14,000,000 | 150,000,000 | -256,000,000 | 23,000,000 | 345,000,000 | 191,000,000 | -480,000,000 | 98,000,000 | 171,000,000 | 228,000,000 | -558,000,000 | 28,000,000 | 16,000,000 | 39,000,000 | 116,000,000 | 3,000,000 | -6,000,000 | 8,000,000 | 13,000,000 | -1,000,000 | -381,000,000 | -206,000,000 | 10,000,000 | -44,000,000 | 49,000,000 | 539,000,000 | 391,000,000 | 273,000,000 | 123,000,000 | -42,000,000 | -217,000,000 | -1,983,000,000 | -121,000,000 | 74,000,000 | -320,000,000 | -851,000,000 | ||||||||||||||||||||||||||
cash received (pledged or returned) as collateral | -148,000,000 | 2,539,000,000 | 984,000,000 | -2,001,000,000 | -594,000,000 | 1,402,000,000 | 1,973,000,000 | -3,295,000,000 | -533,000,000 | 1,671,000,000 | 1,756,000,000 | -1,442,000,000 | -1,070,000,000 | 1,697,000,000 | 142,000,000 | -612,000,000 | -289,000,000 | 1,206,000,000 | 1,206,000,000 | -607,000,000 | -879,000,000 | -701,000,000 | 1,160,000,000 | 4,578,000,000 | 68,000,000 | -144,000,000 | -783,000,000 | 654,000,000 | -66,000,000 | 175,000,000 | -336,000,000 | -189,000,000 | 13,000,000 | -403,000,000 | -1,504,000,000 | 503,000,000 | ||||||||||||||||||||||||||||||
net cash provided (used) by investing activities | 28,000,000 | 1,533,000,000 | -359,000,000 | 1,517,000,000 | -1,030,000,000 | 2,067,000,000 | 227,000,000 | -1,412,000,000 | 496,000,000 | 1,628,000,000 | 105,000,000 | -693,000,000 | -930,000,000 | 1,293,000,000 | -1,210,000,000 | -1,207,000,000 | -332,000,000 | 130,000,000 | -969,000,000 | -1,108,000,000 | -1,391,000,000 | -404,000,000 | -1,716,000,000 | -199,000,000 | -2,544,000,000 | -370,000,000 | -990,000,000 | -1,527,000,000 | -1,217,000,000 | -209,000,000 | -942,000,000 | -1,487,000,000 | -814,000,000 | -517,000,000 | -1,488,000,000 | -2,078,000,000 | -550,000,000 | -1,471,000,000 | -2,123,000,000 | -3,085,000,000 | -4,453,000,000 | -4,441,000,000 | -3,622,000,000 | -4,436,000,000 | -3,050,000,000 | -2,745,000,000 | -3,021,000,000 | -2,013,000,000 | -2,352,000,000 | -1,904,000,000 | -1,207,000,000 | -1,969,000,000 | ||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | -1,000,000,000 | -829,000,000 | -900,000,000 | -750,000,000 | -500,000,000 | -800,000,000 | -750,000,000 | -701,000,000 | -700,000,000 | -700,000,000 | -700,000,000 | -600,000,000 | -651,000,000 | -650,000,000 | -500,000,000 | -625,000,000 | -526,000,000 | -500,000,000 | -650,000,000 | -500,000,000 | -400,000,000 | -188,000,000 | -449,000,000 | -296,000,000 | -298,000,000 | -240,000,000 | -203,000,000 | -610,000,000 | -200,000,000 | -208,000,000 | -402,000,000 | -612,000,000 | -234,000,000 | -233,000,000 | -238,000,000 | -610,000,000 | -176,000,000 | -101,000,000 | -421,000,000 | -156,000,000 | -105,000,000 | -3,000,000 | 0 | -10,000,000 | -40,000,000 | -46,000,000 | -38,000,000 | -184,000,000 | -6,000,000 | -2,000,000 | 0 | -2,000,000 | -685,000,000 | 0 | -41,000,000 | -764,000,000 | -127,000,000 | -124,000,000 | -114,000,000 | -241,000,000 | ||||||
proceeds from borrowings | 0 | 0 | 0 | 0 | 823,000,000 | 0 | 0 | 0 | 753,000,000 | 400,000,000 | 0 | 0 | 1,000,000,000 | 545,000,000 | 2,000,000 | 516,000,000 | 0 | 0 | 524,000,000 | -2,000,000 | 0 | 0 | 9,000,000 | 989,000,000 | 50,000,000 | 707,000,000 | 0 | 749,000,000 | -4,000,000 | 0 | 401,000,000 | 160,000,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
principal payments under debt obligations | 0 | 0 | -450,000,000 | 0 | 0 | 0 | 0 | 0 | -350,000,000 | -501,000,000 | -4,000,000 | -2,000,000 | -654,000,000 | -378,000,000 | -231,000,000 | 0 | -422,000,000 | -1,000,000 | -1,000,000 | -338,000,000 | -1,000,000 | 0 | 5,000,000 | -16,000,000 | 4,000,000 | -547,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -244,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||
dividends paid to shareholders | -299,000,000 | -301,000,000 | -306,000,000 | -267,000,000 | -270,000,000 | -272,000,000 | -278,000,000 | -236,000,000 | -239,000,000 | -243,000,000 | -248,000,000 | -239,000,000 | -242,000,000 | -248,000,000 | -250,000,000 | -208,000,000 | -217,000,000 | -211,000,000 | -219,000,000 | -189,000,000 | -192,000,000 | -193,000,000 | -195,000,000 | -195,000,000 | -170,000,000 | -163,000,000 | -162,000,000 | -166,000,000 | -166,000,000 | -162,000,000 | -163,000,000 | -167,000,000 | -167,000,000 | -161,000,000 | -163,000,000 | -165,000,000 | -162,000,000 | -161,000,000 | -163,000,000 | -159,000,000 | -158,000,000 | -149,000,000 | -148,000,000 | -148,000,000 | -148,000,000 | -144,000,000 | -125,000,000 | -135,000,000 | -140,000,000 | -133,000,000 | -131,000,000 | -131,000,000 | -131,000,000 | -131,000,000 | -131,000,000 | -131,000,000 | -107,000,000 | -109,000,000 | -109,000,000 | -109,000,000 | -96,000,000 | -95,000,000 | -96,000,000 | -86,000,000 | ||
change in investment-type contracts | -75,000,000 | -65,000,000 | -58,000,000 | -52,000,000 | -59,000,000 | -53,000,000 | -50,000,000 | -46,000,000 | -50,000,000 | -36,000,000 | -28,000,000 | -22,000,000 | -20,000,000 | -20,000,000 | -21,000,000 | -11,000,000 | -1,000,000 | -12,000,000 | -12,000,000 | -4,000,000 | 10,000,000 | -12,000,000 | -5,000,000 | 7,000,000 | -4,000,000 | 16,000,000 | 5,000,000 | 18,000,000 | 42,000,000 | 35,000,000 | 37,000,000 | 45,000,000 | 43,000,000 | 66,000,000 | 63,000,000 | 84,000,000 | 143,000,000 | 487,000,000 | 536,000,000 | 134,000,000 | 362,000,000 | 494,000,000 | 304,000,000 | 297,000,000 | 261,000,000 | 197,000,000 | 151,000,000 | 124,000,000 | 120,000,000 | 108,000,000 | 102,000,000 | 89,000,000 | 90,000,000 | 105,000,000 | 79,000,000 | 90,000,000 | 65,000,000 | 273,000,000 | 73,000,000 | 60,000,000 | 57,000,000 | 50,000,000 | 50,000,000 | 53,000,000 | 60,000,000 | 103,000,000 |
treasury stock reissued | 3,000,000 | -2,000,000 | 4,000,000 | -7,000,000 | 9,000,000 | 6,000,000 | 6,000,000 | 8,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 5,000,000 | 1,000,000 | 9,000,000 | 13,000,000 | 0 | 4,000,000 | 9,000,000 | 7,000,000 | 6,000,000 | 12,000,000 | 9,000,000 | 14,000,000 | 10,000,000 | 6,000,000 | 6,000,000 | 11,000,000 | 9,000,000 | 18,000,000 | 12,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 13,000,000 | 4,000,000 | 5,000,000 | 16,000,000 | 19,000,000 | 13,000,000 | 8,000,000 | 6,000,000 | 5,000,000 | 8,000,000 | -8,000,000 | 10,000,000 | 16,000,000 | 6,000,000 | 3,000,000 | 29,000,000 | 7,000,000 | 11,000,000 | 2,000,000 | 0 | 4,000,000 | 6,000,000 | 6,000,000 | 11,000,000 | 9,000,000 | 10,000,000 | 14,000,000 | 15,000,000 | 8,000,000 | 13,000,000 | 13,000,000 |
net cash provided (used) by financing activities | -1,462,000,000 | -162,000,000 | -1,261,000,000 | -1,084,000,000 | -826,000,000 | -1,320,000,000 | -256,000,000 | -787,000,000 | -992,000,000 | -1,011,000,000 | -933,000,000 | -1,295,000,000 | -612,000,000 | -907,000,000 | -737,000,000 | -842,000,000 | -756,000,000 | -671,000,000 | -470,000,000 | -684,000,000 | -583,000,000 | 598,000,000 | -446,000,000 | -473,000,000 | -452,000,000 | -382,000,000 | -355,000,000 | -876,000,000 | -784,000,000 | 446,000,000 | -515,000,000 | -766,000,000 | -361,000,000 | -739,000,000 | -1,409,000,000 | 322,000,000 | -523,000,000 | 233,000,000 | -32,000,000 | -156,000,000 | 164,000,000 | 1,056,000,000 | -176,000,000 | 901,000,000 | 79,000,000 | 160,000,000 | -4,000,000 | -171,000,000 | -105,000,000 | -23,000,000 | 353,000,000 | 143,000,000 | ||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -15,000,000 | -36,000,000 | 33,000,000 | -149,000,000 | 138,000,000 | -40,000,000 | -28,000,000 | 170,000,000 | 8,000,000 | -85,000,000 | -14,000,000 | 188,000,000 | 3,000,000 | 2,000,000 | -89,000,000 | 22,000,000 | -26,000,000 | 58,000,000 | -78,000,000 | 13,000,000 | 9,000,000 | 23,000,000 | -16,000,000 | -4,000,000 | -8,000,000 | -277,000,000 | 67,000,000 | 185,000,000 | 21,000,000 | 6,000,000 | -6,000,000 | 1,000,000 | 42,000,000 | -21,000,000 | -9,000,000 | -36,000,000 | -156,000,000 | 34,000,000 | 29,000,000 | -60,000,000 | 2,000,000 | 48,000,000 | 17,000,000 | -16,000,000 | 24,000,000 | 35,000,000 | 19,000,000 | 2,000,000 | -3,000,000 | 22,000,000 | 3,000,000 | -24,000,000 | 49,000,000 | 5,000,000 | -15,000,000 | 40,000,000 | 6,000,000 | 16,000,000 | -11,000,000 | 2,000,000 | 3,000,000 | |||||
net change in cash and cash equivalents | -197,000,000 | 1,734,000,000 | -998,000,000 | 617,000,000 | -448,000,000 | 962,000,000 | 792,000,000 | -1,196,000,000 | 782,000,000 | 911,000,000 | -134,000,000 | -767,000,000 | -463,000,000 | 898,000,000 | -776,000,000 | -1,157,000,000 | 739,000,000 | 479,000,000 | -151,000,000 | -422,000,000 | 35,000,000 | 1,380,000,000 | -748,000,000 | 589,000,000 | -1,436,000,000 | 663,000,000 | 59,000,000 | -654,000,000 | -411,000,000 | 1,570,000,000 | 251,000,000 | -901,000,000 | 830,000,000 | 417,000,000 | -1,260,000,000 | -295,000,000 | 414,000,000 | 258,000,000 | -549,000,000 | 555,000,000 | -944,000,000 | 855,000,000 | -80,000,000 | -39,000,000 | 387,000,000 | 571,000,000 | -797,000,000 | -33,000,000 | -313,000,000 | 250,000,000 | 573,000,000 | -712,000,000 | 519,000,000 | 115,000,000 | 493,000,000 | 255,000,000 | 427,000,000 | -873,000,000 | 479,000,000 | -655,000,000 | 235,000,000 | -78,000,000 | 572,000,000 | -369,000,000 | ||
cash and cash equivalents, beginning of period | 0 | 0 | 6,229,000,000 | 0 | 0 | 0 | 4,306,000,000 | 0 | 0 | 0 | 3,943,000,000 | 0 | 0 | 0 | 5,051,000,000 | 0 | 0 | 0 | 5,141,000,000 | 0 | 0 | 0 | 4,896,000,000 | 3,491,000,000 | 0 | 0 | 0 | 4,859,000,000 | 0 | 0 | 0 | 4,350,000,000 | 0 | 0 | 0 | 4,658,000,000 | 0 | 0 | 2,543,000,000 | 2,041,000,000 | 0 | 0 | 0 | 2,249,000,000 | 0 | 0 | 0 | 2,121,000,000 | 0 | 0 | 0 | 2,323,000,000 | 0 | 0 | 0 | 941,000,000 | 0 | 0 | 1,563,000,000 | 0 | 0 | 1,203,000,000 | -82,000,000 | |||
cash and cash equivalents, end of period | -197,000,000 | 1,734,000,000 | 5,231,000,000 | 617,000,000 | -448,000,000 | 962,000,000 | 5,098,000,000 | -1,196,000,000 | 782,000,000 | 911,000,000 | 3,809,000,000 | -767,000,000 | -463,000,000 | 898,000,000 | 4,275,000,000 | -1,157,000,000 | 739,000,000 | 479,000,000 | 4,990,000,000 | -422,000,000 | 35,000,000 | 1,380,000,000 | 4,148,000,000 | 4,080,000,000 | -1,436,000,000 | 663,000,000 | 59,000,000 | 4,205,000,000 | -411,000,000 | 1,570,000,000 | 251,000,000 | 3,449,000,000 | 830,000,000 | 417,000,000 | -1,260,000,000 | 4,363,000,000 | 414,000,000 | 258,000,000 | 1,994,000,000 | 2,596,000,000 | -944,000,000 | 855,000,000 | -80,000,000 | 2,210,000,000 | 387,000,000 | 571,000,000 | -797,000,000 | 2,088,000,000 | -313,000,000 | 250,000,000 | 573,000,000 | 1,611,000,000 | 519,000,000 | 115,000,000 | 493,000,000 | 1,196,000,000 | -873,000,000 | 479,000,000 | 908,000,000 | -78,000,000 | 572,000,000 | 834,000,000 | -357,000,000 | |||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | -3,000,000 | 606,000,000 | -1,000,000 | 562,000,000 | 28,000,000 | 699,000,000 | 105,000,000 | 361,000,000 | 95,000,000 | 582,000,000 | -77,000,000 | 402,000,000 | -2,000,000 | 500,000,000 | -20,000,000 | 174,000,000 | 90,000,000 | 534,000,000 | 2,000,000 | 396,000,000 | 87,000,000 | 400,000,000 | 235,000,000 | 58,000,000 | -68,000,000 | 650,000,000 | 165,000,000 | 779,000,000 | 0 | 469,000,000 | 10,000,000 | 517,000,000 | 539,000,000 | 174,000,000 | 699,000,000 | 295,000,000 | 261,000,000 | 172,000,000 | -1,000,000 | 356,000,000 | 138,000,000 | 230,000,000 | 226,000,000 | 234,000,000 | 91,000,000 | 394,000,000 | 129,000,000 | 403,000,000 | 77,000,000 | 246,000,000 | 114,000,000 | 190,000,000 | 297,000,000 | 67,000,000 | 295,000,000 | 165,000,000 | 100,000,000 | 155,000,000 | 415,000,000 | |||||||
interest paid | 41,000,000 | 52,000,000 | 40,000,000 | 53,000,000 | 40,000,000 | 53,000,000 | 34,000,000 | 53,000,000 | 38,000,000 | 57,000,000 | 37,000,000 | 58,000,000 | 49,000,000 | 67,000,000 | 37,000,000 | 67,000,000 | 37,000,000 | 74,000,000 | 35,000,000 | 79,000,000 | 34,000,000 | 58,000,000 | 39,000,000 | 36,000,000 | 52,000,000 | 41,000,000 | 56,000,000 | 47,000,000 | 56,000,000 | 54,000,000 | 47,000,000 | 54,000,000 | 48,000,000 | 61,000,000 | 80,000,000 | 47,000,000 | 50,000,000 | 70,000,000 | 51,000,000 | 43,000,000 | 5,000,000 | 60,000,000 | 70,000,000 | 43,000,000 | 103,000,000 | 16,000,000 | 60,000,000 | 12,000,000 | 57,000,000 | 25,000,000 | 42,000,000 | 10,000,000 | 39,000,000 | 7,000,000 | 9,000,000 | 6,000,000 | 6,000,000 | 8,000,000 | 5,000,000 | 8,000,000 | 8,000,000 | 3,000,000 | 0 | |||
noncash interest | 15,000,000 | 0 | 10,000,000 | -4,000,000 | 10,000,000 | -2,000,000 | 13,000,000 | -6,000,000 | 10,000,000 | -5,000,000 | 11,000,000 | -3,000,000 | 9,000,000 | -11,000,000 | 19,000,000 | -12,000,000 | 22,000,000 | -13,000,000 | 27,000,000 | -15,000,000 | 28,000,000 | 4,000,000 | 15,000,000 | 21,000,000 | 6,000,000 | 19,000,000 | 4,000,000 | 15,000,000 | 16,000,000 | 11,000,000 | 18,000,000 | 12,000,000 | 17,000,000 | 6,000,000 | -6,000,000 | 36,000,000 | 27,000,000 | 9,000,000 | 30,000,000 | 28,000,000 | ||||||||||||||||||||||||||
noncash real estate acquired in satisfaction of debt | 0 | 176,000,000 | 71,000,000 | 88,000,000 | 86,000,000 | 259,000,000 | 35,000,000 | 127,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease obligations | 6,000,000 | 9,000,000 | 10,000,000 | 8,000,000 | 5,000,000 | 15,000,000 | 5,000,000 | 25,000,000 | 7,000,000 | 25,000,000 | 18,000,000 | 30,000,000 | 6,000,000 | -7,000,000 | 73,000,000 | 10,000,000 | 6,000,000 | 10,000,000 | 20,000,000 | 25,000,000 | 9,000,000 | 9,000,000 | 13,000,000 | |||||||||||||||||||||||||||||||||||||||||||
treasury stock issued for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
associate stock bonus | 5,000,000 | 7,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 5,000,000 | 3,000,000 | 3,000,000 | 8,000,000 | 1,000,000 | 7,000,000 | 7,000,000 | 4,000,000 | 3,000,000 | 5,000,000 | 5,000,000 | 7,000,000 | 6,000,000 | 10,000,000 | 6,000,000 | 6,000,000 | 7,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | 8,000,000 | 10,000,000 | 8,000,000 | 8,000,000 | 11,000,000 | 7,000,000 | 8,000,000 | 11,000,000 | 5,000,000 | 11,000,000 | 8,000,000 | 5,000,000 | 0 | 1,000,000 | 0 | 6,000,000 | 9,000,000 | 13,000,000 | 10,000,000 | 8,000,000 | 12,000,000 | 8,000,000 | |||||||||||
shareholder dividend reinvestment | 11,000,000 | 11,000,000 | 11,000,000 | 10,000,000 | 10,000,000 | 11,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 9,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 6,000,000 | 9,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 5,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | -4,000,000 | 15,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||||||||||
share-based compensation grants | 0 | 0 | 7,000,000 | 0 | 0 | 0 | 6,000,000 | 0 | 0 | 0 | 5,000,000 | 0 | 0 | 1,000,000 | 5,000,000 | 0 | 0 | 0 | 4,000,000 | 0 | 0 | 1,000,000 | 5,000,000 | 2,000,000 | 0 | 0 | 0 | 1,000,000 | 0 | -1,000,000 | 1,000,000 | 4,000,000 | -1,000,000 | 0 | 0 | 4,000,000 | 1,000,000 | -1,000,000 | 4,000,000 | 4,000,000 | 1,000,000 | -1,000,000 | 0 | 4,000,000 | 0 | 0 | 0 | 2,000,000 | -1,000,000 | 0 | 1,000,000 | 2,000,000 | 0 | 0 | ||||||||||||
net investment (gains) losses | 1,408,000,000 | -555,000,000 | -123,000,000 | 522,000,000 | -199,000,000 | 172,000,000 | -89,000,000 | -307,000,000 | -255,000,000 | -108,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized investment (gains) losses | 134,000,000 | -15,000,000 | -30,000,000 | 56,000,000 | 140,000,000 | -137,000,000 | 146,000,000 | 187,000,000 | -73,000,000 | -114,000,000 | 114,000,000 | -127,000,000 | -13,000,000 | -16,000,000 | -102,000,000 | 46,000,000 | -156,000,000 | 172,000,000 | -286,000,000 | 418,000,000 | 45,000,000 | 222,000,000 | 83,000,000 | 668,000,000 | 579,000,000 | 295,000,000 | -8,000,000 | 89,000,000 | 46,000,000 | 1,000,000 | 7,000,000 | 0 | -1,000,000 | -14,000,000 | -13,000,000 | |||||||||||||||||||||||||||||||
impairment losses and loan loss reserves included in realized investment losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities available for sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities sold | 433,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity securities matured or called | 510,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities sold | 157,000,000 | 147,000,000 | 598,000,000 | 2,000,000 | 155,000,000 | 177,000,000 | 123,000,000 | 0 | 0 | 0 | 0 | 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities held to maturity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments - loan receivables | 146,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments, excluding loan receivables | -125,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses included in realized investment losses | 7,000,000 | 10,000,000 | 8,000,000 | 9,000,000 | 10,000,000 | 14,000,000 | 22,000,000 | 33,000,000 | 14,000,000 | 10,000,000 | 137,000,000 | 0 | 6,000,000 | 0 | 28,000,000 | 3,000,000 | 55,000,000 | 334,000,000 | 97,000,000 | 343,000,000 | 203,000,000 | 801,000,000 | 167,000,000 | 528,000,000 | 405,000,000 | 404,000,000 | 13,000,000 | 0 | 42,000,000 | 374,000,000 | ||||||||||||||||||||||||||||||||||||
capital lease obligations | 1,000,000 | 5,000,000 | 4,000,000 | 1,000,000 | 2,000,000 | -1,000,000 | 0 | 3,000,000 | -1,000,000 | 4,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities sold | 1,186,000,000 | 519,000,000 | 729,000,000 | 1,385,000,000 | 4,179,000,000 | 303,000,000 | 409,000,000 | 266,000,000 | 1,395,000,000 | 419,000,000 | 926,000,000 | 484,000,000 | 237,000,000 | 859,000,000 | 677,000,000 | 541,000,000 | 2,009,000,000 | 4,394,000,000 | 756,000,000 | 226,000,000 | 7,507,000,000 | 5,111,000,000 | 876,000,000 | 891,000,000 | 1,087,000,000 | 582,000,000 | 343,000,000 | 712,000,000 | 737,000,000 | 348,000,000 | 138,000,000 | 3,575,000,000 | 296,000,000 | 175,000,000 | 234,000,000 | 192,000,000 | 1,089,000,000 | -148,000,000 | 36,000,000 | 284,000,000 | 312,000,000 | |||||||||||||||||||||||||
fixed maturities matured or called | 28,000,000 | 289,000,000 | 247,000,000 | 204,000,000 | 322,000,000 | 162,000,000 | 204,000,000 | 408,000,000 | 427,000,000 | 187,000,000 | 452,000,000 | 66,000,000 | 393,000,000 | 108,000,000 | 222,000,000 | 1,342,000,000 | 343,000,000 | 678,000,000 | 233,000,000 | 705,000,000 | -1,203,000,000 | 598,000,000 | 219,000,000 | 556,000,000 | 514,000,000 | 417,000,000 | 162,000,000 | 150,000,000 | 71,000,000 | 656,000,000 | 162,000,000 | 1,087,000,000 | 379,000,000 | 259,000,000 | 626,000,000 | 232,000,000 | -204,000,000 | 567,000,000 | 884,000,000 | 305,000,000 | ||||||||||||||||||||||||||
perpetual securities matured or called | 84,000,000 | 0 | 236,000,000 | 0 | 199,000,000 | 35,000,000 | 253,000,000 | 46,000,000 | 192,000,000 | 156,000,000 | 271,000,000 | -2,000,000 | 2,000,000 | -2,000,000 | 378,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale fixed maturities acquired | -3,040,000,000 | -1,165,000,000 | -1,936,000,000 | -3,726,000,000 | -6,019,000,000 | -1,044,000,000 | -1,916,000,000 | -1,911,000,000 | -2,588,000,000 | -915,000,000 | -1,562,000,000 | -1,442,000,000 | -1,959,000,000 | -2,403,000,000 | -4,597,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale equity securities acquired | -55,000,000 | -213,000,000 | -21,000,000 | -157,000,000 | -364,000,000 | -387,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred policy acquisition costs | -113,000,000 | -75,000,000 | -41,000,000 | -120,000,000 | -83,000,000 | -66,000,000 | -37,000,000 | -89,000,000 | -65,000,000 | -58,000,000 | -29,000,000 | -50,000,000 | -59,000,000 | -26,000,000 | -100,000,000 | -162,000,000 | -170,000,000 | -170,000,000 | -141,000,000 | -188,000,000 | -161,000,000 | -130,000,000 | -95,000,000 | -125,000,000 | -127,000,000 | -114,000,000 | -50,000,000 | -104,000,000 | -108,000,000 | -78,000,000 | -68,000,000 | -112,000,000 | -119,000,000 | -129,000,000 | -102,000,000 | -127,000,000 | -124,000,000 | -106,000,000 | -97,000,000 | |||||||||||||||||||||||||||
held-to-maturity fixed maturities acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities acquired | -177,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
perpetual securities sold | 0 | 210,000,000 | 492,000,000 | 345,000,000 | 552,000,000 | 460,000,000 | 4,000,000 | 165,000,000 | 61,000,000 | 0 | 118,000,000 | 528,000,000 | 54,000,000 | 493,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash received as collateral | 4,472,000,000 | -381,000,000 | -2,677,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized lease obligations | -1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 0 | 1,000,000 | 2,000,000 | 0 | 1,000,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
available for sale fixed maturities acquired | -3,160,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held to maturity fixed maturities acquired | -160,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received as collateral on loaned securities | -6,070,000,000 | -313,000,000 | 6,398,000,000 | -20,000,000 | 520,000,000 | 93,000,000 | 54,000,000 | 37,000,000 | -483,000,000 | 127,000,000 | 7,000,000 | 349,000,000 | -500,000,000 | 519,000,000 | -1,582,000,000 | 219,000,000 | -250,000,000 | 604,000,000 | 97,000,000 | 141,000,000 | -467,000,000 | 129,000,000 | 174,000,000 | |||||||||||||||||||||||||||||||||||||||||||
fixed maturities acquired | -6,718,000,000 | -9,550,000,000 | -2,240,000,000 | -1,025,000,000 | -2,031,000,000 | -1,539,000,000 | -1,908,000,000 | -2,914,000,000 | -3,280,000,000 | -2,057,000,000 | -2,013,000,000 | -2,593,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received (posted) as collateral on loaned securities | -645,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 1,758,000,000 | 1,529,000,000 | 1,225,000,000 | 1,649,000,000 | 1,317,000,000 | 1,194,000,000 | 1,258,000,000 | 1,196,000,000 | 1,314,000,000 | 1,013,000,000 | 1,153,000,000 | 1,176,000,000 | 1,153,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
free cash flows | 1,758,000,000 | 1,529,000,000 | 1,225,000,000 | 1,649,000,000 | 1,317,000,000 | 1,194,000,000 | 1,258,000,000 | 1,196,000,000 | 1,314,000,000 | 1,013,000,000 | 1,153,000,000 | 1,176,000,000 | 1,153,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities | -2,087,000,000 | -869,000,000 | -950,000,000 | -3,615,000,000 | -989,000,000 | -668,000,000 | -1,229,000,000 | -1,156,000,000 | -913,000,000 | -667,000,000 | -909,000,000 | -1,359,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by investing activities | -1,589,000,000 | -1,579,000,000 | -983,000,000 | -1,325,000,000 | -1,048,000,000 | -1,421,000,000 | -712,000,000 | -1,102,000,000 | -940,000,000 | -972,000,000 | -454,000,000 | -1,288,000,000 | -1,173,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
realized investment losses | 347,000,000 | 380,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
forward treasury stock purchase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses included in realized investment gains | 385,000,000 | 234,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by financing activities | -45,000,000 | 109,000,000 | -651,000,000 | -52,000,000 | -789,000,000 | -145,000,000 | -135,000,000 | -116,000,000 | -259,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares issued for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shared-based compensation grants | 3,000,000 | 0 | 0 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information — see note 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
perpetual debentures sold | 94,000,000 | 28,000,000 | 99,000,000 | 23,000,000 | 5,000,000 | 163,000,000 | 3,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
perpetual debentures matured or called | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
perpetual debentures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information - see note 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net cash from operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation grants | 0 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities matured | 296,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used) provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in cash collateral on loaned securities |
