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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities    
Net Income $ 188 $ 128
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12 14
Realized investment gains, net (61) (47)
Stock-based compensation 7 7
Interest credited to contract holders' 13 12
Deferred income tax expense 12 0
Changes in:    
Investment income receivable 8 0
Premiums and reinsurance receivable (23) (22)
Deferred policy acquisition costs (9) 2
Other assets (12) 4
Loss and loss expense reserves 86 138
Life policy reserves 22 20
Unearned premiums 47 27
Other liabilities (98) (100)
Current income tax receivable/payable 65 32
Net cash provided by operating activities 257 215
Cash Flows From Investing Activities    
Sale of fixed maturities 14 13
Call or maturity of fixed maturities 368 267
Sale of equity securities 132 67
Purchase of fixed maturities (496) (348)
Purchase of equity securities (129) (67)
Purchase of short-term investments 0 (25)
Investment in finance receivables (6) (3)
Collection of finance receivables 8 8
Investment in buildings and equipment, net (3) (1)
Change in other invested assets, net 4 1
Net cash used in investing activities (108) (88)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (74) (71)
Proceeds from stock options exercised 9 7
Contract holders' funds deposited 26 20
Contract holders' funds withdrawn (39) (33)
Excess tax benefits on stock-based compensation 2 3
Other (4) (4)
Net cash used in financing activities (80) (78)
Net change in cash and cash equivalents 69 49
Cash and cash equivalents at beginning of year 544 591
Cash and cash equivalents at end of period 613 640
Supplemental Disclosures of Cash Flow Information:    
Income taxes (refunded) paid (1) 11
Noncash Activities    
Conversion of securities 3 0
Equipment acquired under capital lease obligations 9 3
Cashless exercise of stock options $ 5 $ 5