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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Interest Paid, Net $ 26 $ 26
Cash Flows From Operating Activities    
Net Income 304 175
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27 25
Realized investment gains, net (107) (36)
Stock-based compensation 11 10
Interest credited to contract holders' 22 23
Deferred income tax expense 2 13
Changes in:    
Investment income receivable 1 5
Premiums and reinsurance receivable (93) (95)
Deferred policy acquisition costs (15) (19)
Other assets (6) (5)
Loss and loss expense reserves 206 133
Life policy reserves 47 76
Unearned premiums 109 134
Other liabilities (68) (72)
Current income tax receivable/payable 30 (16)
Net cash provided by operating activities 470 351
Cash Flows From Investing Activities    
Sale of fixed maturities 19 24
Call or maturity of fixed maturities 675 481
Sale of equity securities 221 82
Purchase of fixed maturities (1,005) (584)
Purchase of equity securities (229) (104)
Purchase of short-term investments (75) 0
Investment in finance receivables (6) (9)
Collection of finance receivables 15 15
Investment in buildings and equipment, net (5) (5)
Change in other invested assets, net 1 3
Net cash used in investing activities (389) (97)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (145) (138)
Purchase of treasury shares (20) (7)
Repayments of Notes Payable 0 (55)
Proceeds from stock options exercised 11 11
Contract holders' funds deposited 41 45
Contract holders' funds withdrawn (67) (75)
Excess tax benefits on stock-based compensation 4 2
Other (9) (8)
Net cash used in financing activities (185) (225)
Net change in cash and cash equivalents (104) 29
Cash and cash equivalents at beginning of year 591 433
Cash and cash equivalents at end of period 487 462
Supplemental Disclosures of Cash Flow Information:    
Income taxes paid 83 52
Conversion of Stock, Amount Converted 0 7
Noncash Activities:    
Equipment acquired under capital lease obligations 6 7
Cashless exercise of stock options $ 6 $ 8