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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net Income $ 311 $ 304
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24 27
Realized investment gains, net (105) (107)
Stock-based compensation 13 11
Interest credited to contract holders' 25 22
Deferred income tax expense 7 2
Changes in:    
Investment income receivable 3 1
Premiums and reinsurance receivable (132) (93)
Deferred policy acquisition costs (26) (15)
Other assets (39) (6)
Loss and loss expense reserves 252 206
Life policy reserves 50 47
Unearned premiums 148 109
Other liabilities (42) (68)
Current income tax receivable/payable 1 30
Net cash provided by operating activities 490 470
Cash Flows From Investing Activities    
Sale of fixed maturities 15 19
Call or maturity of fixed maturities 820 675
Sale of equity securities 208 221
Purchase of fixed maturities (975) (1,005)
Purchase of equity securities (360) (229)
Purchase of short-term investments 0 (75)
Investment in finance receivables (10) (6)
Collection of finance receivables 15 15
Investment in buildings and equipment, net (7) (5)
Change in other invested assets, net (13) 1
Net cash used in investing activities (307) (389)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (151) (145)
Payments for Repurchase of Common Stock (2) (20)
Repayments of Notes Payable 7 0
Proceeds from stock options exercised 13 11
Contract holders' funds deposited 50 41
Contract holders' funds withdrawn (77) (67)
Excess tax benefits on stock-based compensation 2 4
Other (8) (9)
Net cash used in financing activities (180) (185)
Net change in cash and cash equivalents 3 (104)
Cash and cash equivalents at beginning of year 544 591
Cash and cash equivalents at end of period 547 487
Supplemental Disclosures of Cash Flow Information:    
Interest Paid, Net 26 26
Income taxes paid 110 83
Noncash Activities    
Conversion of securities 3 0
Equipment acquired under capital lease obligations 12 6
Cashless exercise of stock options $ 7 $ 6