7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2020-03-31 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 2006-06-30 2006-03-31 2005-09-30 2005-06-30 2005-03-31 2004-09-30 
      
    		                                                 
      operating activities
    		                                                 
      net income
    		1,080,000,000 995,000,000 630,000,000 853,000,000 767,000,000 738,000,000 753,000,000 771,000,000 651,000,000 547,000,000 535,000,000 589,000,000 339,000,000 442,000,000 445,000,000 729,000,000 482,000,000 905,000,000 249,000,000 537,000,000 273,000,000 127,000,000 0 24,000,000 511,000,000 619,000,000 666,000,000 76,000,000 319,000,000 557,000,000 -220,000,000 -15,000,000 -1,209,000,000 -806,000,000 -2,631,000,000 543,000,000 145,000,000 595,000,000 851,000,000 627,000,000 876,000,000 783,000,000 758,000,000 476,000,000 728,000,000 539,000,000 602,000,000 666,000,000 494,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                 
      net realized losses
    		12,000,000 10,000,000 49,000,000 17,000,000 13,000,000 59,000,000 -28,000,000 27,000,000 90,000,000 64,000,000 7,000,000 -22,000,000 166,000,000 338,000,000 145,000,000                                   
      amortization of deferred policy acquisition costs
    		639,000,000 625,000,000 607,000,000 591,000,000 585,000,000 561,000,000 545,000,000 534,000,000 517,000,000 502,000,000 491,000,000 475,000,000 467,000,000 453,000,000 440,000,000 428,000,000 419,000,000 417,000,000 416,000,000 419,000,000 437,000,000                             
      additions to deferred policy acquisition costs
    		-656,000,000 -700,000,000 -655,000,000 -560,000,000 -610,000,000 -637,000,000 -601,000,000 -523,000,000 -545,000,000 -543,000,000 -548,000,000 -470,000,000 -499,000,000 -483,000,000 -495,000,000 -421,000,000 -445,000,000 -436,000,000 -449,000,000 -398,000,000 -447,000,000                             
      depreciation and amortization
    		75,000,000 94,000,000 92,000,000 84,000,000 85,000,000 60,000,000 127,000,000 124,000,000 128,000,000 129,000,000 129,000,000 140,000,000 153,000,000 164,000,000 168,000,000 165,000,000 168,000,000 173,000,000 174,000,000 151,000,000 134,000,000 136,000,000 148,000,000 256,000,000 128,000,000 147,000,000 134,000,000 171,000,000 144,000,000 110,000,000 101,000,000 122,000,000 137,000,000 98,000,000 -213,000,000 286,000,000 190,000,000 310,000,000 202,000,000 170,000,000 112,000,000 219,000,000 69,000,000 274,000,000 44,000,000 156,000,000 183,000,000 29,000,000 -8,000,000 
      other operating activities
    		-18,000,000 54,000,000 115,000,000 92,000,000 39,000,000 79,000,000 119,000,000 47,000,000 19,000,000 25,000,000 122,000,000 66,000,000   15,000,000 45,000,000 -90,000,000 -103,000,000 15,000,000 -44,000,000 79,000,000 -388,000,000 154,000,000 53,000,000 -352,000,000 -138,000,000 68,000,000 6,000,000 -150,000,000 177,000,000                    
      change in assets and liabilities:
    		                                                 
      decrease in reinsurance recoverables
    		13,000,000     26,000,000 11,000,000                                           
      net change in accrued and deferred income taxes
    		157,000,000 -285,000,000 104,000,000 79,000,000 -24,000,000 -257,000,000 102,000,000 44,000,000 176,000,000 -339,000,000 90,000,000 104,000,000 -57,000,000 -168,000,000 41,000,000 199,000,000 -90,000,000 -94,000,000 70,000,000 22,000,000 53,000,000                             
      increase in insurance liabilities
    		375,000,000 669,000,000 1,115,000,000 530,000,000 621,000,000 1,037,000,000 870,000,000 541,000,000 547,000,000 -30,000,000 761,000,000 540,000,000 651,000,000 559,000,000 449,000,000 312,000,000 774,000,000 334,000,000 996,000,000 407,000,000 235,000,000                             
      net change in premiums receivable and agents' balances
    		118,000,000 -338,000,000 -414,000,000 136,000,000 167,000,000 -365,000,000 -396,000,000 -78,000,000 30,000,000 -326,000,000 -334,000,000                                       
      net change in other assets and other liabilities
    		43,000,000 85,000,000 -608,000,000 142,000,000 36,000,000 -41,000,000 -405,000,000 285,000,000 210,000,000 -91,000,000 -411,000,000 565,000,000 185,000,000 -225,000,000 -674,000,000 284,000,000 181,000,000 -57,000,000 -566,000,000 578,000,000 -622,000,000                             
      net cash from operating activities
    		1,838,000,000 1,291,000,000 985,000,000 1,874,000,000 1,678,000,000 1,260,000,000 1,097,000,000 1,627,000,000 1,771,000,000 -49,000,000 871,000,000 1,084,000,000 1,521,000,000 974,000,000 429,000,000 1,204,000,000 1,292,000,000 838,000,000 759,000,000 1,216,000,000 298,000,000 650,000,000 660,000,000 490,000,000 474,000,000 1,064,000,000 1,045,000,000 712,000,000 488,000,000 229,000,000 759,000,000 976,000,000 1,010,000,000 1,254,000,000 677,000,000 1,694,000,000 567,000,000 1,424,000,000 1,620,000,000 1,642,000,000 1,305,000,000 1,852,000,000 1,262,000,000 1,156,000,000 1,368,000,000 1,518,000,000 763,000,000 666,000,000 974,000,000 
      capex
    		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -9,000,000 -49,000,000 -87,000,000 -10,000,000 -118,000,000 -67,000,000 -24,000,000 -161,000,000 -29,000,000 -61,000,000 -79,000,000 -51,000,000 -44,000,000 -21,000,000 -53,000,000 -101,000,000 -15,000,000 -49,000,000 
      free cash flows
    		1,838,000,000 1,291,000,000 985,000,000 1,874,000,000 1,678,000,000 1,260,000,000 1,097,000,000 1,627,000,000 1,771,000,000 -49,000,000 871,000,000 1,084,000,000 1,521,000,000 974,000,000 429,000,000 1,204,000,000 1,292,000,000 838,000,000 759,000,000 1,216,000,000 298,000,000 650,000,000 660,000,000 490,000,000 474,000,000 1,064,000,000 1,045,000,000 712,000,000 488,000,000 229,000,000 759,000,000 967,000,000 961,000,000 1,167,000,000 667,000,000 1,576,000,000 500,000,000 1,400,000,000 1,459,000,000 1,613,000,000 1,244,000,000 1,773,000,000 1,211,000,000 1,112,000,000 1,347,000,000 1,465,000,000 662,000,000 651,000,000 925,000,000 
      investing activities
    		                                                 
      proceeds from the sale/maturity/prepayment of:
    		                                                 
      fixed maturities, afs
    		2,862,000,000 2,629,000,000 2,126,000,000 2,823,000,000 2,834,000,000 3,603,000,000 1,548,000,000 1,898,000,000 1,401,000,000 1,279,000,000 2,228,000,000                                       
      fixed maturities, at fair value using the fair value option
    		0 84,000,000 25,000,000  0                                             
      equity securities, at fair value
    		59,000,000 90,000,000 35,000,000  4,000,000 128,000,000 176,000,000  37,000,000 434,000,000 1,422,000,000  85,000,000 93,000,000 257,000,000  200,000,000 160,000,000 157,000,000  645,000,000                             
      mortgage loans
    		322,000,000 496,000,000 237,000,000 296,000,000 33,000,000 246,000,000 165,000,000 178,000,000 296,000,000 358,000,000 204,000,000 109,000,000 164,000,000 262,000,000 438,000,000 414,000,000 234,000,000 551,000,000 307,000,000 238,000,000 329,000,000 149,000,000 138,000,000 158,000,000 70,000,000 206,000,000 220,000,000 571,000,000 726,000,000 149,000,000 183,000,000 270,000,000 27,000,000 35,000,000 137,000,000 96,000,000 118,000,000 120,000,000 332,000,000 749,000,000 164,000,000 143,000,000 63,000,000 68,000,000 118,000,000     
      limited partnership and other alternative investments
    		52,000,000 59,000,000 56,000,000  35,000,000 69,000,000 32,000,000  83,000,000 51,000,000 96,000,000                                       
      payments for the purchase of:
    		                                                 
      net proceeds from (payments for) derivatives
    		11,000,000   -13,000,000 46,000,000   4,000,000 -96,000,000                                         
      net additions of property and equipment
    		-45,000,000 -40,000,000 -38,000,000  -60,000,000 -61,000,000 -50,000,000  -52,000,000 -50,000,000 -49,000,000  -45,000,000 -46,000,000 -31,000,000  -45,000,000 -24,000,000 -23,000,000  -23,000,000                             
      net proceeds from (payments for) short-term investments
    		      875,000,000      -237,000,000      -54,000,000                               
      other investing activities
    		-9,000,000 -29,000,000 -24,000,000 19,000,000 -27,000,000   -10,000,000 -2,000,000 -2,000,000 -7,000,000 -11,000,000 -1,000,000 14,000,000 2,000,000 -118,000,000 -49,000,000 4,000,000 -6,000,000 11,000,000 -5,000,000 -38,000,000 -32,000,000 -41,000,000 -46,000,000 -85,000,000 -149,000,000 102,000,000 -58,000,000 -43,000,000                    
      net cash from investing activities
    		-1,315,000,000 -743,000,000 -401,000,000 -1,356,000,000 -1,089,000,000 -888,000,000 -435,000,000 -1,165,000,000 -1,319,000,000 499,000,000 -446,000,000 -572,000,000 -1,092,000,000 261,000,000 126,000,000 -718,000,000 -1,169,000,000 -129,000,000 -450,000,000 -1,059,000,000 777,000,000 -286,000,000 -89,000,000 -1,061,000,000 254,000,000 -148,000,000 -1,886,000,000 1,501,000,000 99,000,000 698,000,000 -264,000,000 -2,546,000,000 -1,011,000,000 -4,778,000,000 268,000,000 -2,497,000,000 -1,820,000,000 -1,272,000,000 -1,746,000,000 -1,962,000,000 -1,196,000,000 -2,580,000,000 -1,441,000,000 -2,143,000,000 -1,246,000,000 -1,776,000,000 -952,000,000 -947,000,000 -1,633,000,000 
      financing activities
    		                                                 
      deposits and other additions to investment and universal life-type contracts
    		30,000,000 36,000,000 27,000,000 22,000,000 22,000,000 27,000,000 37,000,000 21,000,000 27,000,000 30,000,000 18,000,000 21,000,000 21,000,000 21,000,000 25,000,000 23,000,000 24,000,000 20,000,000 22,000,000 16,000,000 15,000,000 3,112,000,000 2,579,000,000 2,502,000,000 3,338,000,000 3,144,000,000 3,048,000,000 942,000,000 5,468,000,000 3,081,000,000 3,835,000,000 4,451,000,000 2,872,000,000 5,263,000,000 4,407,000,000 5,638,000,000 5,707,000,000 6,179,000,000 9,697,000,000 8,173,000,000 8,445,000,000         
      withdrawals and other deductions from investment and universal life-type contracts
    		-32,000,000 -31,000,000 -26,000,000 -19,000,000 -23,000,000 -30,000,000 -43,000,000 -22,000,000 -29,000,000 -7,000,000 -42,000,000 -15,000,000 -19,000,000 -35,000,000 -33,000,000 -18,000,000 -20,000,000 7,000,000 -44,000,000 -24,000,000 -10,000,000 -4,899,000,000 -4,422,000,000 -5,527,000,000 -6,174,000,000 -6,050,000,000 -5,243,000,000 -5,569,000,000 -5,614,000,000 -5,813,000,000 -7,012,000,000 -6,801,000,000 -4,715,000,000 -5,517,000,000 -6,582,000,000 -7,195,000,000 -6,499,000,000 -7,765,000,000 -7,577,000,000 -8,054,000,000 -7,047,000,000         
      net issuance (return) of shares under incentive and stock compensation plans, including related excise tax benefit
    		                                                 
      treasury stock acquired, including related excise tax paid
    		-400,000,000                                                 
      dividends paid on preferred stock
    		-6,000,000 -5,000,000 -5,000,000 -5,000,000 -6,000,000 -5,000,000 -5,000,000 -5,000,000 -6,000,000 -5,000,000 -5,000,000 -5,000,000 -6,000,000 -5,000,000 -5,000,000 -5,000,000 -6,000,000 -5,000,000 -5,000,000 -5,000,000 -5,000,000 -10,000,000 -11,000,000 -10,000,000 -11,000,000 -10,000,000 -11,000,000 0 -64,000,000 -42,000,000 -23,000,000 0 -8,000,000                 
      dividends paid on common stock
    		-147,000,000 -149,000,000 -150,000,000 -137,000,000 -138,000,000 -140,000,000 -141,000,000 -129,000,000 -131,000,000 -134,000,000 -134,000,000 -123,000,000 -126,000,000 -127,000,000 -130,000,000 -120,000,000 -123,000,000 -126,000,000 -116,000,000 -116,000,000 -108,000,000 -46,000,000 -43,000,000 -45,000,000 -19,000,000 -23,000,000 -22,000,000 -20,000,000 -20,000,000 -20,000,000 -14,000,000 -16,000,000 -99,000,000                 
      net cash from financing activities
    		-544,000,000 -543,000,000 -608,000,000 -547,000,000 -520,000,000 -480,000,000 -529,000,000 -454,000,000 -489,000,000 -459,000,000 -545,000,000 -457,000,000 -480,000,000 -1,187,000,000 -586,000,000 -618,000,000 -30,000,000 -667,000,000 -266,000,000 -199,000,000 -1,027,000,000 -370,000,000 80,000,000 132,000,000 -451,000,000 -560,000,000 -428,000,000 -1,315,000,000 -652,000,000 -1,169,000,000 -646,000,000 2,212,000,000 126,000,000 3,240,000,000 -968,000,000 652,000,000 1,350,000,000 -176,000,000 193,000,000 210,000,000 272,000,000 808,000,000 490,000,000 633,000,000 -16,000,000 701,000,000 -193,000,000 567,000,000 781,000,000 
      foreign exchange rate effect on cash
    		8,000,000 -2,000,000 6,000,000 -18,000,000 2,000,000   0 -4,000,000 13,000,000 -6,000,000 4,000,000 -12,000,000   -1,000,000 -6,000,000 4,000,000 -3,000,000 11,000,000 -9,000,000 -2,000,000 40,000,000 20,000,000 -22,000,000  -22,000,000 21,000,000 2,000,000 -33,000,000 10,000,000 65,000,000 -85,000,000 132,000,000 -98,000,000 -13,000,000 140,000,000 83,000,000 261,000,000 -56,000,000 -15,000,000 -11,000,000 -37,000,000 41,000,000 15,000,000 11,000,000 -30,000,000 5,000,000  
      net increase in cash and restricted cash
    		-13,000,000 3,000,000 -18,000,000 -47,000,000 71,000,000 -112,000,000 133,000,000     59,000,000 -63,000,000 42,000,000 -31,000,000 -60,000,000 89,000,000 28,000,000 41,000,000 -31,000,000 39,000,000                             
      cash and restricted cash – beginning of period
    		0 0 234,000,000  0 0 189,000,000  0 0 344,000,000  0 0 337,000,000  0 0 239,000,000  262,000,000                             
      cash and restricted cash– end of period
    		-13,000,000 3,000,000 216,000,000  71,000,000 -112,000,000 322,000,000  -41,000,000 4,000,000 218,000,000  -63,000,000 42,000,000 306,000,000  89,000,000 28,000,000 280,000,000  301,000,000                             
      supplemental disclosure of cash flow information
    		                                                 
      income tax paid
    		103,000,000 520,000,000 4,000,000 149,000,000 206,000,000 455,000,000 2,000,000 140,000,000 12,000,000   94,000,000 175,000,000 278,000,000 1,000,000 57,000,000 206,000,000    1,000,000                             
      interest paid
    		61,000,000 42,000,000 61,000,000 43,000,000 62,000,000 54,000,000 52,000,000 54,000,000 52,000,000 42,000,000 61,000,000 40,000,000 56,000,000 49,000,000 67,000,000 49,000,000 58,000,000 49,000,000 58,000,000 49,000,000 74,000,000 161,000,000 90,000,000 161,000,000 89,000,000 161,000,000                        
      table of contents
    		                                                 
      net proceeds from short-term investments
    		 -207,000,000 731,000,000  -238,000,000    26,000,000            407,000,000                             
      net (issuance) return of shares under incentive and stock compensation plans, including related excise tax benefit
    		                                                 
      decrease (increase) in reinsurance recoverables
    		  -50,000,000       13,000,000 29,000,000          -75,000,000                             
      net proceeds from derivatives
    		  12,000,000        23,000,000    26,000,000    27,000,000  161,000,000                             
      net return of shares under incentive and stock compensation plans
    		  -54,000,000   18,000,000 -27,000,000  0 7,000,000 -32,000,000         6,000,000 -32,000,000                             
      treasury stock acquired
    		  -400,000,000  -400,000,000 -350,000,000 -350,000,000 -350,000,000 -350,000,000 -350,000,000 -350,000,000 -350,000,000 -350,000,000 -450,000,000 -400,000,000 -500,000,000 -511,000,000 -568,000,000 -123,000,000 0 -150,000,000             0 -189,000,000   -21,000,000 -372,000,000 0 -800,000,000         
      adjustments to reconcile net income to net cash from operating activities
    		                                                 
      loss on extinguishment of debt
    		           0 0                                     
      increase in reinsurance recoverables
    		       -145,000,000    -341,000,000 73,000,000 -100,000,000 -105,000,000 -325,000,000 -37,000,000 -154,000,000 -66,000,000                               
      fixed maturities, fvo
    		       1,000,000 0                                         
      equity securities at fair value
    		                                                 
      limited partnerships and other alternative investments
    		                                                 
      net additions to property and equipment
    		                                                 
      net payments for short-term investments
    		          -180,000,000    -207,000,000  -227,000,000                                 
      repayment of debt
    		           0 0       0 -500,000,000                             
      cash and restricted cash — beginning of period
    		                                                 
      cash and restricted cash — end of period
    		                                                 
      net issuance (return) of shares under incentive and stock compensation plans
    		           15,000,000 0 9,000,000 -43,000,000 2,000,000 18,000,000                                 
      loss on sale of business
    		               1,000,000                                  
      proceeds from businesses sold, net of cash transferred
    		                                                 
      proceeds from the issuance of debt
    		               0                                  
      net increase in cash and restricted cash, including cash classified within assets held for sale
    		           59,000,000 -63,000,000 42,000,000 -31,000,000 -133,000,000 87,000,000 46,000,000 40,000,000 -31,000,000                              
      less: net decrease in cash classified as assets held for sale
    		                                                 
      net decrease in cash and restricted cash
    		          -126,000,000                                       
      net (payments for) short-term investments
    		                                                 
      net decrease in securities loaned or sold under agreements to repurchase
    		                   -76,000,000                              
      less: net increase in cash classified as assets held for sale
    		                                                 
      fixed maturities, available-for-sale
    		            2,371,000,000 3,469,000,000 6,578,000,000 6,316,000,000 4,771,000,000 5,834,000,000 5,536,000,000 4,800,000,000 3,906,000,000 11,790,000,000 8,048,000,000 9,216,000,000 8,860,000,000 11,835,000,000 14,028,000,000 11,758,000,000 11,534,000,000 11,789,000,000 8,520,000,000 11,034,000,000 22,195,000,000  4,928,000,000 4,575,000,000 8,020,000,000  7,919,000,000 9,771,000,000 9,126,000,000 8,666,000,000 10,601,000,000 7,949,000,000 8,216,000,000     
      fixed maturities, fair value option
    		            0        3,000,000 -3,000,000 39,000,000 532,000,000 -531,000,000                         
      partnerships
    		            50,000,000 67,000,000 73,000,000 86,000,000 111,000,000 284,000,000 56,000,000 83,000,000 34,000,000 86,000,000 45,000,000 48,000,000 58,000,000 55,000,000 63,000,000 104,000,000 145,000,000 -14,000,000 166,000,000 86,000,000 153,000,000 308,000,000 23,000,000 79,000,000 28,000,000 74,000,000 72,000,000 130,000,000 48,000,000 37,000,000 23,000,000 46,000,000 48,000,000     
      less: net increase in cash classified within assets held for sale
    		                -2,000,000                                 
      net realized gains
    		                                                 
      amounts paid for business acquired, net of cash acquired
    		                                                 
      net realized capital losses
    		                 -147,000,000 -80,000,000 -99,000,000 231,000,000   39,000,000 176,000,000 28,000,000 261,000,000   194,000,000 1,219,000,000   816,000,000 3,449,000,000    363,000,000           
      less: net decrease in cash classified within assets held for sale
    		                  -1,000,000                               
      income tax received
    		                  32,000,000 -90,000,000                              
      gain on sale of business
    		                                                 
      net proceeds from (payments for) from short-term investments
    		                                                 
      net transfers from separate accounts related to investment and universal life-type contracts
    		                     2,182,000,000 2,012,000,000 3,231,000,000 2,418,000,000 2,411,000,000 1,878,000,000 3,996,000,000 124,000,000 1,785,000,000 1,772,000,000 1,510,000,000 2,136,000,000                 
      repayments at maturity or settlement of consumer notes
    		                     -35,000,000 -19,000,000    -68,000,000 -382,000,000 -302,000,000                     
      preferred stock issued, net of issuance costs
    		                                                 
      amount paid for business acquired, net of cash acquired
    		                                                 
      acl on mortgage loans
    		                                                 
      mortgage loans, net of acl
    		                    4,215,000,000                             
      premiums receivable and agents’ balances
    		                    4,529,000,000                             
      acl on premiums receivable and agents' balances
    		                    -145,000,000                             
      premiums receivable and agents' balances, net of acl
    		                    4,384,000,000                             
      reinsurance recoverables
    		                    5,641,000,000           223,000,000 -334,000,000 319,000,000 -97,000,000 24,000,000 54,000,000 70,000,000 -8,000,000 388,000,000 37,000,000 -249,000,000 228,000,000 723,000,000 369,000,000 -335,000,000 284,000,000 -19,000,000 -137,000,000 
      acl and allowance for disputed amounts on reinsurance recoverables
    		                    -114,000,000                             
      reinsurance recoverables, net of allowance for uncollectible reinsurance
    		                    5,527,000,000                             
      deferred income tax asset
    		                    299,000,000                             
      other liabilities
    		                    -5,157,000,000                             
      retained earnings
    		                    12,685,000,000                             
      federal home loan bank of boston ("fhlbb") advances
    		                                                 
      net increase in securities loaned or sold under agreements to repurchase
    		                    -237,000,000                             
      net realized capital (gains) losses
    		                            276,000,000    -84,000,000    1,371,000,000    -46,000,000 -22,000,000 -27,000,000 179,000,000 121,000,000     
      pension settlement expense
    		                                                 
      increase in accrued and deferred income taxes
    		                                                 
      impact of tax reform on accrued and deferred income taxes
    		                                                 
      increase in unpaid losses and loss adjustment expenses, reserve for future policy benefits, and unearned premiums
    		                                                 
      equity securities, available-for-sale
    		                     109,000,000 8,000,000 98,000,000 24,000,000 118,000,000 49,000,000 50,000,000 108,000,000 351,000,000 116,000,000 171,000,000 311,000,000 -379,000,000 851,000,000 96,000,000 48,000,000 18,000,000 69,000,000 116,000,000 265,000,000 229,000,000 167,000,000 69,000,000 49,000,000     
      net payments for derivatives
    		                                                 
      net (payments for) proceeds from short-term investments
    		                                                 
      net (return) issuance of shares under incentive and stock compensation plans
    		                                                 
      net increase in cash, including cash classified as assets held for sale
    		                                                 
      net increase in cash
    		                     -8,000,000 691,000,000 -419,000,000 255,000,000 355,000,000 -1,291,000,000 919,000,000 -63,000,000 -275,000,000 -141,000,000 707,000,000 40,000,000 -152,000,000 -121,000,000 -164,000,000 237,000,000 59,000,000 328,000,000 -166,000,000 366,000,000 69,000,000   121,000,000 454,000,000 -412,000,000 291,000,000 124,000,000 
      cash — beginning of period
    		                     0 0 0 2,062,000,000 0 0 0 2,142,000,000 0 0 0 1,811,000,000  0 0 2,011,000,000  0 0 1,424,000,000  0 0 1,273,000,000 0 0 1,148,000,000 0 
      cash — end of period
    		                     -8,000,000 691,000,000 -419,000,000 2,317,000,000 355,000,000 -1,291,000,000 919,000,000 2,079,000,000 -275,000,000 -141,000,000 707,000,000 1,851,000,000  -121,000,000 -164,000,000 2,248,000,000  328,000,000 -166,000,000 1,790,000,000  274,000,000 -313,000,000 1,394,000,000 454,000,000 -412,000,000 1,439,000,000 124,000,000 
      •
    		                                                 
      amortization of deferred policy acquisition costs and present value of future profits
    		                     608,000,000 1,320,000,000 835,000,000 664,000,000 517,000,000 438,000,000 938,000,000 651,000,000 647,000,000 687,000,000 674,000,000 2,259,000,000 1,070,000,000 1,927,000,000 806,000,000 468,000,000 804,000,000 476,000,000 837,000,000 872,000,000 1,073,000,000 839,000,000 829,000,000 817,000,000 816,000,000 762,000,000 772,000,000 694,000,000 
      additions to deferred policy acquisition costs and present value of future profits
    		                     -647,000,000 -655,000,000 -653,000,000 -653,000,000 -649,000,000 -661,000,000 -658,000,000 -680,000,000 -698,000,000   -734,000,000 -838,000,000 -934,000,000 -947,000,000 -956,000,000 -1,017,000,000 -1,060,000,000 -1,061,000,000 -1,056,000,000 -1,032,000,000 -998,000,000 -1,024,000,000 -1,038,000,000 -1,027,000,000 -1,003,000,000 -1,057,000,000 -984,000,000 
      change in reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums
    		                     142,000,000 658,000,000 690,000,000 -39,000,000 -76,000,000 -217,000,000 167,000,000 33,000,000 -345,000,000                    
      change in reinsurance recoverables
    		                     0 2,000,000 -92,000,000 59,000,000 106,000,000 85,000,000 117,000,000 45,000,000 84,000,000                    
      change in receivables and other assets
    		                     241,000,000 -113,000,000 -290,000,000 -49,000,000 466,000,000 -101,000,000 252,000,000 -180,000,000 168,000,000                    
      change in payables and accruals
    		                     -350,000,000 -228,000,000 110,000,000 -23,000,000 -520,000,000 250,000,000 -233,000,000 -109,000,000 -671,000,000                    
      change in accrued and deferred income taxes
    		                     369,000,000 -56,000,000 -483,000,000 67,000,000 566,000,000 123,000,000 -256,000,000 128,000,000 6,000,000                    
      net receipts (disbursements) from investment contracts related to policyholder funds — international variable annuities
    		                                                 
      net increase in equity securities, trading
    		                     271,000,000    -325,000,000    1,193,000,000                    
      goodwill impairment
    		                         0 0   0 0 0 32,000,000                 
      proceeds from business sold
    		                     0 0 0 278,000,000 111,000,000 0     -1,000,000 8,000,000                 
      derivatives
    		                     -883,000,000 1,903,000,000 165,000,000 -465,000,000 -842,000,000 -80,000,000 836,000,000 -252,000,000   -581,000,000 610,000,000                 
      change in policy loans
    		                     175,000,000 12,000,000   -1,000,000 2,000,000 -5,000,000 -3,000,000 35,000,000 -5,000,000 -7,000,000 11,000,000 -49,000,000 -13,000,000 -28,000,000 -57,000,000 -11,000,000   -48,000,000 6,000,000 52,000,000 -103,000,000 9,000,000     
      change in payables for collateral under securities lending
    		                         0 0 -23,000,000 -23,000,000 -154,000,000 -509,000,000 -812,000,000 -1,450,000,000 -1,066,000,000 -140,000,000 -292,000,000 93,000,000 172,000,000 317,000,000 530,000,000 1,199,000,000 550,000,000 12,000,000 72,000,000 336,000,000     
      proceeds from issuance of long-term debt
    		                         0 0 0 1,090,000,000                     
      repayments at maturity for long-term debt and payments on capital lease obligations
    		                         0 0   0                    
      change in commercial paper
    		                                                 
      net proceeds from issuance of mandatory convertible preferred stock
    		                         0 0 0 556,000,000                     
      net proceeds from issuance of common shares under public offering
    		                         0                        
      redemption of preferred stock issued to the u.s. treasury
    		                         0 0 0 -3,400,000,000                     
      proceeds from issuance of preferred stock and warrants to u.s. treasury
    		                             0 0                   
      net proceeds from issuance of common shares under discretionary equity issuance plan
    		                                                 
      proceeds from net issuance of shares under incentive and stock compensation plans and excess tax benefit
    		                        -2,000,000 8,000,000 3,000,000 6,000,000 8,000,000 -1,000,000                    
      changes in bank deposits and payments on bank advances
    		                     -227,000,000 -20,000,000 -9,000,000 -1,000,000 -38,000,000 -13,000,000 -13,000,000 -30,000,000 -102,000,000                    
      income taxes paid
    		                     -66,000,000 -1,000,000 220,000,000 26,000,000 59,000,000                        
      accounting policy
    		                                                 
      fair value measurements
    		                                                 
      investments and derivative instruments
    		                                                 
      reinsurance
    		                                                 
      deferred policy acquisition costs and present value of future profits
    		                                                 
      goodwill and other intangible assets
    		                                                 
      separate accounts, death benefits and other insurance benefit features
    		                                                 
      sales inducements
    		                                                 
      reserve for future policy benefits and unpaid losses and loss adjustment expenses
    		                                                 
      commitments and contingencies
    		                                                 
      income taxes
    		                           161,000,000 87,000,000 149,000,000 76,000,000 130,000,000 -598,000,000 21,000,000 167,000,000   85,000,000 89,000,000 287,000,000 -10,000,000 154,000,000 -3,000,000 211,000,000 -183,000,000 147,000,000 130,000,000 81,000,000 -12,000,000 
      employee benefit plans
    		                                                 
      net receipts (disbursements) from investment contracts related to policyholder funds - international variable annuities
    		                                                 
      proceeds from net issuance of shares under incentive and stock compensation plans, excess tax benefit and other
    		                      4,000,000                           
      tax benefit at u.s. federal statutory rate
    		                      22,000,000    325,000,000                       
      tax-exempt interest
    		                      1,000,000 -1,000,000 -37,000,000  0                       
      dividends-received deduction
    		                      48,000,000                           
      valuation allowance
    		                      95,000,000 -87,000,000 -2,000,000                         
      other
    		                      2,000,000 15,000,000 -9,000,000  8,000,000     233,000,000 -126,000,000 1,067,000,000 -661,000,000 -151,000,000 -16,000,000 -56,000,000 -42,000,000 -18,000,000 -316,000,000 108,000,000 -223,000,000 190,000,000 128,000,000 220,000,000 45,000,000 146,000,000 -149,000,000 
      income tax expense
    		                      168,000,000 -328,000,000 59,000,000  339,000,000                       
      net disbursements from investment contracts related to policyholder funds — international variable annuities
    		                       -60,000,000 -496,000,000   -1,880,000,000 -257,000,000                     
      net decrease in equity securities, trading
    		                       61,000,000 481,000,000   1,870,000,000 268,000,000                     
      payments on capital lease obligations
    		                            -68,000,000   0 -24,000,000 0 0 -11,000,000 -26,000,000             
      tax expense at u.s. federal statutory rate
    		                        144,000,000                         
      dividends received deduction
    		                        -37,000,000  6,000,000                       
      net issuance (repayment) at maturity or settlement of consumer notes
    		                                                 
      net proceeds from issuance of convertible preferred stock and warrants
    		                                                 
      fair value
    		                                                 
      separate accounts
    		                                                 
      contingencies
    		                                                 
      pension plans and postretirement healthcare and life insurance benefit plans
    		                                                 
      net receipts from investment contracts related to policyholder funds — international variable annuities
    		                                                 
      investment valuation allowance
    		                                                 
      nondeductible costs associated with warrants
    		                                                 
      net proceeds from issuance of shares under public offering
    		                           0 1,600,000,000                     
      net proceeds from issuance of shares under discretionary equity issuance plan
    		                             0 873,000,000                   
      net cash paid (received) during the period for:
    		                                                 
      interest
    		                           172,000,000 61,000,000 172,000,000 60,000,000 173,000,000 70,000,000 100,000,000 58,000,000 83,000,000 45,000,000 85,000,000 52,000,000 84,000,000 36,000,000 70,000,000 68,000,000 79,000,000 57,000,000 55,000,000 73,000,000 52,000,000 40,000,000 
      income
    		                                                 
      less: preferred stock dividends and accretion of discount
    		                            483,000,000                     
      net income available to common shareholders
    		                            -164,000,000  -264,000,000        224,000,000 -249,000,000 876,000,000  282,000,000 -252,000,000 728,000,000   666,000,000  
      common shares
    		                                                 
      basic
    		                            -420,000                     
      weighted-average common shares outstanding
    		                            393,700,000                     
      diluted
    		                            -420,000                     
      weighted-average shares outstanding and dilutive potential common shares
    		                            393,700,000                     
      earnings per common share
    		                                                 
      net issuance (repayments) at maturity or settlement of consumer notes
    		                             -57,000,000                    
      proceeds from issuance of convertible preferred shares
    		                                                 
      proceeds from issuance of warrants
    		                                                 
      fair value measurements – financial instruments excluding guaranteed living benefits
    		                                                 
      fair value measurements – guaranteed living benefits
    		                                                 
      income tax
    		                                                 
      derivative payments
    		                                                 
      purchase price of businesses acquired
    		                              0 -7,000,000 -8,000,000  0 0 -94,000,000             
      change in short-term debt
    		                              0 -354,000,000 -21,000,000     0 275,000,000 -69,000,000 -131,000,000         
      additions to deferred policy acquisition costs and present value of future profits change in:
    		                                                 
      reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums
    		                               -367,000,000 1,700,000,000  1,113,000,000 387,000,000 189,000,000  539,000,000 427,000,000 250,000,000         
      receivables and other assets
    		                               270,000,000 -21,000,000  247,000,000 459,000,000 -60,000,000  174,000,000           
      payables and accruals
    		                               7,000,000 -396,000,000 570,000,000 17,000,000 -165,000,000 -525,000,000 -131,000,000 -28,000,000 345,000,000 120,000,000 395,000,000 -212,000,000 -18,000,000 -452,000,000 137,000,000 -185,000,000 -197,000,000 228,000,000 
      accrued and deferred income taxes
    		                               -67,000,000 -276,000,000 -552,000,000 -1,536,000,000 86,000,000 -154,000,000 81,000,000 253,000,000 -62,000,000 347,000,000 85,000,000 361,000,000 -214,000,000 425,000,000 -65,000,000 164,000,000 139,000,000 22,000,000 
      net receipts to investment contracts related to policyholder funds -international variable annuities
    		                                                 
      change in all other securities
    		                               -37,000,000 144,000,000 -31,000,000 251,000,000 -456,000,000 -319,000,000 -244,000,000 -24,000,000 -233,000,000 -122,000,000 -38,000,000 65,000,000 -340,000,000 -141,000,000     
      additions to property and equipment
    		                               -9,000,000 -49,000,000 -87,000,000 -10,000,000 -118,000,000 -67,000,000 -24,000,000 -161,000,000 -29,000,000 -61,000,000 -79,000,000 -51,000,000 -44,000,000 -21,000,000 -53,000,000 -101,000,000 -15,000,000  
      proceeds from issuance of consumer notes
    		                                 0 141,000,000 142,000,000 162,000,000 86,000,000 135,000,000 153,000,000 177,000,000 217,000,000        
      proceeds from issuance of shares under incentive and stock compensation plans
    		                               0 7,000,000  13,000,000 15,000,000 19,000,000  22,000,000    25,000,000 53,000,000 22,000,000 71,000,000 108,000,000 105,000,000 40,000,000 
      excess tax benefit on stock-based compensation
    		                                                 
      return of shares under incentive and stock compensation plans to treasury stock
    		                               0 -3,000,000 -1,000,000 0 0 -17,000,000 -1,000,000 -1,000,000 0 -12,000,000         
      basic loss per common share
    		                                                 
      less: preferred stock dividends
    		                                                 
      diluted loss per common share [1]
    		                                                 
      warrants
    		                                                 
      stock compensation plans
    		                                                 
      net income available to common shareholders plus assumed conversions
    		                                      224,000,000 -249,000,000 876,000,000  282,000,000 -252,000,000 728,000,000   666,000,000  
      change in:
    		                                                 
      net receipts to investment contracts related to policyholder funds — international variable annuities
    		                                -387,000,000                 
      net decrease in equity securities, held for trading
    		                                449,000,000                 
      issuance of long-term debt
    		                                 1,183,000,000 0 991,000,000 496,000,000 0 0 0 495,000,000        0 
      repayments at maturity of consumer notes
    		                                -8,000,000                 
      excess tax expense on stock-based compensation
    		                                -11,000,000                 
      reserve for future policy benefits, unpaid losses and loss adjustment expenses and unearned premiums
    		                                                 
      receivables
    		                                        -82,000,000 -72,000,000 73,000,000 14,000,000 -49,000,000 30,000,000 3,000,000 -53,000,000 -149,000,000 
      net increase in equity securities, held for trading
    		                                 4,094,000,000 -3,034,000,000 -1,801,000,000 3,036,000,000 -413,000,000 -756,000,000 -2,400,000,000 -1,132,000,000 -1,734,000,000 -1,803,000,000 -44,000,000 -2,028,000,000 -3,770,000,000 -3,307,000,000 -2,220,000,000 -1,701,000,000 
      net receipts (disbursements) from investment contracts credited to policyholder funds —
    		                                                 
      international variable annuities associated with equity securities, held for trading
    		                                                 
      fixed maturities, available-for-sale, including short-term investments
    		                                                 
      derivative receipts
    		                                                 
      purchase price adjustment of business acquired
    		                                                3,000,000 
      sale of subsidiary, net of cash transferred
    		                                                 
      net transfers from (to) separate accounts related to investment and universal life-type contracts
    		                                 1,769,000,000 1,859,000,000 2,048,000,000 1,677,000,000  -1,543,000,000 84,000,000 -767,000,000         
      issuance of shares from equity unit contracts
    		                                         330,000,000        
      repayment/maturity of long-term debt
    		                                     0    -700,000,000 -200,000,000   0   0 
      issuance of convertible preferred shares
    		                                                 
      issuance of warrants
    		                                                 
      repayments of consumer notes
    		                                                 
      proceeds from issuances of shares under incentive and stock compensation plans
    		                                        74,000,000         
      excess tax benefits on stock-based compensation
    		                                 1,000,000 2,000,000   16,000,000 15,000,000   -21,000,000 4,000,000 13,000,000 14,000,000     
      dividends paid
    		                                 -159,000,000 -165,000,000 -167,000,000 -169,000,000 -155,000,000 -158,000,000 -161,000,000 -162,000,000 -125,000,000 -123,000,000 -121,000,000 -91,000,000 -86,000,000 -86,000,000 -86,000,000 -83,000,000 
      cash — beginning of year
    		                                                 
      cash — end of year
    		                                                 
      supplemental disclosure of cash flow information — net cash paid during the year for:
    		                                                 
      net receipts (to) from investment contracts related to policyholder funds - international variable annuities
    		                                                 
      repayments at maturity of long-term debt
    		                                                 
      net cash paid during the period for:
    		                                                 
      net receipts (to) from investment contracts related to policyholder funds — international variable annuities
    		                                                 
      net receipts (to) from investment contracts credited to policyholder accounts associated with equity securities, held for trading
    		                                    -3,175,000,000             
      net receipts from investment contracts credited to policyholder accounts associated with equity securities, held for trading
    		                                     249,000,000 656,000,000 2,467,000,000 1,323,000,000 1,723,000,000 1,905,000,000   3,909,000,000   1,834,000,000 
      transfers from (to) separate accounts related to investment and universal life-type contracts
    		                                                 
      supplemental disclosure of cash flow information:
    		                                                 
      net cash paid during the year for:
    		                                                 
      basic earnings per share
    		                                                 
      diluted earnings per share
    		                                                 
      march 31, 2007
    		                                                 
      march 31, 2006
    		                                                 
      equity units
    		                                                 
      cumulative effect of accounting change, net of tax
    		                                                0 
      issuance of common stock in underwritten offering
    		                                                0 
      return of shares under incentive and stock compensation plans
    		                                         -1,000,000 0 0 -4,000,000     
      cash – beginning of year
    		                                                 
      cash – end of year
    		                                                 
      reserve for future policy benefits and unpaid claims and claim adjustment expenses and unearned premiums
    		                                          292,000,000 -90,000,000 198,000,000 875,000,000 -3,000,000 221,000,000 874,000,000 
      issuance of short-term debt, net of repayments
    		                                                 
      net receipts from investment and universal life-type contracts
    		                                          543,000,000 688,000,000 43,000,000     
      issuance of short-term debt
    		                                                 
      net decrease in cash
    		                                                 
      net receipts from investment and universal life-type contracts credited to policyholders accounts associated with equity securities, held for trading
    		                                            2,105,000,000   2,367,000,000  
      march 31, 2005
    		                                                 
      net realized capital gains
    		                                             33,000,000 17,000,000 -128,000,000 -44,000,000 
      purchase of available-for-sale investments
    		                                             -8,423,000,000 -9,196,000,000 -10,587,000,000 -7,299,000,000 
      sale of available-for-sale investments
    		                                             5,580,000,000 7,434,000,000 8,905,000,000 4,333,000,000 
      maturity of available-for-sale investments
    		                                             1,128,000,000 911,000,000 750,000,000 1,379,000,000 
      repayment of short-term debt
    		                                                0 
      net receipts (disbursements) from investment and universal life-type contracts credited to policyholder accounts
    		                                             717,000,000    
      return of shares under incentive stock compensation plans
    		                                             -1,000,000    
      repayment of long-term debt
    		                                                 
      net receipts from investment and universal life-type contracts charged against policyholder accounts
    		                                               548,000,000  
      march 31, 2004
    		                                                 
      additions to property, plant and equipment
    		                                                -49,000,000 
      net receipts from investment and universal life-type contracts credited to policyholder accounts
    		                                                 
      net income, as reported
    		                                                61,000,000 
      add: stock-based employee compensation expense included in reported net income, net of related tax effects [1]
    		                                                -2,000,000 
      deduct: total stock-based employee compensation expense determined under the fair value method for all awards, net of related tax effects
    		                                                2,000,000 
      pro forma net income [2]
    		                                                61,000,000 
      earnings per share:
    		                                                 
      basic – as reported
    		                                                200,000 
      basic – pro forma [2]
    		                                                200,000 
      diluted – as reported [3]
    		                                                200,000 
      diluted – pro forma [2] [3]
    		                                                200,000 
      net receipts from investment and universal life-type contracts credited to policyholder accounts associated with equity securities, held for trading
    		                                                 
      issuance (repayment) of short-term debt
    		                                                 
      cash - beginning of period
    		                                                 
      cash - end of period
    		                                                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.