Analyze your companies investing and financing activities for the most recent year as identified in the statement of cash flows, specifically identifying the two largest investing activities and the two largest financing activities. Discuss whether you agree or disagree with the investing and financing strategies that your companies appear to be employing.

Cash flows from investing activities: Proceeds from (payments for) Sales or distributions of: Available for sale securities Other securities Other invested assets Divestitures, net Maturities of fixed maturity securities available for sale Principal payments received on and sales of mortgage and other loans receivable 26,0989756,2584,68334,7658,26723,1032,5333,8962,17327,6207,80522,1457,9184,185225,4885,826 Purchases of: Available for sale securities Other securities Other invested assets Mortgage and other loans receivable Net change in short-term investments Other, net Net cash used in investing activities \begin{tabular}{rrr} (74,204) & (58,284) & (54,410) \\ (2,034) & (617) & (1,638) \\ (3,168) & (3,522) & (3,346) \\ (9,013) & (5,990) & (9,515) \\ 5,088 & (4,925) & (3,633) \\ (995) & 6 & 1,503 \\ (3,280) & (6,202) & (5,475) \\ \hline \end{tabular} Cash flows from financing activities: Proceeds from (payments for) Policyholder contract deposits Policyholder contract withdrawals Issuance of long-term debt Issuance of debt of consolidated investment entities Repayments of long-term debt Repayments of debt of consolidated investment entities 25,424(22,481)1074,338(4,147)(4,494)22,385(17,854)4,1962,128(1,923)(2,783)25,453(19,823)7343,147(1,504)(1,698) Issuance of preferred stock, net of issuance costs Purchase of common stock Dividends paid on preferred stock Dividends paid on common stock Other, net Not cash provided by (used in) financing activities \begin{tabular}{rrr} (2,592) & (500) & - \\ (29) & (29) & (22) \\ (1,083) & (1,103) & (1,114) \\ 1,222 & 541 & 1,600 \\ \hline(3,735) & 5,058 & 7,258 \end{tabular} Cash flows from investing activities: Proceeds from (payments for) Sales or distributions of: Available for sale securities Other securities Other invested assets Divestitures, net Maturities of fixed maturity securities available for sale Principal payments received on and sales of mortgage and other loans receivable 26,0989756,2584,68334,7658,26723,1032,5333,8962,17327,6207,80522,1457,9184,185225,4885,826 Purchases of: Available for sale securities Other securities Other invested assets Mortgage and other loans receivable Net change in short-term investments Other, net Net cash used in investing activities \begin{tabular}{rrr} (74,204) & (58,284) & (54,410) \\ (2,034) & (617) & (1,638) \\ (3,168) & (3,522) & (3,346) \\ (9,013) & (5,990) & (9,515) \\ 5,088 & (4,925) & (3,633) \\ (995) & 6 & 1,503 \\ (3,280) & (6,202) & (5,475) \\ \hline \end{tabular} Cash flows from financing activities: Proceeds from (payments for) Policyholder contract deposits Policyholder contract withdrawals Issuance of long-term debt Issuance of debt of consolidated investment entities Repayments of long-term debt Repayments of debt of consolidated investment entities 25,424(22,481)1074,338(4,147)(4,494)22,385(17,854)4,1962,128(1,923)(2,783)25,453(19,823)7343,147(1,504)(1,698) Issuance of preferred stock, net of issuance costs Purchase of common stock Dividends paid on preferred stock Dividends paid on common stock Other, net Not cash provided by (used in) financing activities \begin{tabular}{rrr} (2,592) & (500) & - \\ (29) & (29) & (22) \\ (1,083) & (1,103) & (1,114) \\ 1,222 & 541 & 1,600 \\ \hline(3,735) & 5,058 & 7,258 \end{tabular}