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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities      
Net Income $ 634 $ 525 $ 517
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 52 51 50
Realized investment gains, net (70) (133) (83)
Share-based compensation 20 19 18
Interest credited to contract holders' 44 47 44
Deferred income tax expense 16 37 19
Changes in:      
Investment income receivable (6) (2) (6)
Premiums and reinsurance receivable (48) (60) (64)
Deferred policy acquisition costs (18) (20) (44)
Other assets (39) 19 (32)
Loss and loss expense reserves 233 174 81
Life policy reserves 101 119 84
Unearned premiums 119 106 184
Other liabilities 44 (11) 77
Current income tax receivable/payable (18) 2 (49)
Net cash provided by operating activities 1,064 873 796
Cash Flows From Investing Activities      
Sale of fixed maturities 43 26 40
Call or maturity of fixed maturities 1,199 1,019 930
Sale of equity securities 342 335 178
Purchase of fixed maturities (1,722) (1,312) (1,381)
Purchase of equity securities (493) (392) (265)
Investment in finance receivables (14) (18) (39)
Collection of finance receivables 30 31 30
Investment in buildings and equipment, net (10) (9) (7)
Change in other invested assets, net 1 9 5
Net cash used in investing activities (624) (311) (509)
Cash Flows From Financing Activities      
Payment of cash dividends to shareholders (366) (278) (263)
Shares acquired - share repurchase authorization (53) (21) (52)
Payments of note payable (14) (55) 0
Proceeds from stock options exercised 24 22 25
Contract holders' funds deposited 83 86 86
Contract holders' funds withdrawn (148) (143) (128)
Excess tax benefits on share-based compensation 4 2 5
Other (17) (17) (14)
Net cash used in financing activities (487) (404) (341)
Net change in cash and cash equivalents (47) 158 (54)
Cash and cash equivalents at beginning of year 591 433 487
Cash and cash equivalents at end of year 544 591 433
Supplemental Disclosures of Cash Flow Information      
Interest paid 52 53 53
Income taxes paid 245 154 222
Noncash Activities      
Conversion of securities 3 7 0
Equipment acquired under capital lease obligations 20 12 28
Cashless exercise of stock options 16 19 28
Other assets and other liabilities $ 27 $ 0 $ 0