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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net Income $ 491 $ 478
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34 39
Realized investment gains, net (161) (110)
Stock-based compensation 18 16
Interest credited to contract holders' 36 32
Deferred income tax expense 20 7
Changes in:    
Investment income receivable 8 4
Premiums and reinsurance receivable (111) (96)
Deferred policy acquisition costs (31) (20)
Other assets (32) 0
Loss and loss expense reserves 273 215
Life policy reserves 75 70
Unearned premiums 187 133
Other liabilities 0 (11)
Current income tax receivable/payable 17 (2)
Net cash provided by operating activities 824 755
Cash Flows From Investing Activities    
Sale of fixed maturities 15 25
Call or maturity of fixed maturities 1,160 961
Sale of equity securities 311 241
Purchase of fixed maturities (1,465) (1,397)
Purchase of equity securities (396) (379)
Purchase of short-term investments 0 (75)
Investment in finance receivables (13) (10)
Collection of finance receivables 24 22
Investment in buildings and equipment, net (9) (7)
Change in other invested assets, net (13) (1)
Net cash used in investing activities (386) (620)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (229) (218)
Payments for Repurchase of Common Stock (2) (41)
Repayments of Notes Payable (15) (14)
Proceeds from stock options exercised 17 14
Contract holders' funds deposited 71 62
Contract holders' funds withdrawn (118) (101)
Excess tax benefits on stock-based compensation 4 4
Other (10) (13)
Net cash used in financing activities (282) (307)
Net change in cash and cash equivalents 156 (172)
Cash and cash equivalents at beginning of year 544 591
Cash and cash equivalents at end of period 700 419
Supplemental Disclosures of Cash Flow Information:    
Interest Paid, Net 26 26
Income taxes paid 152 179
Noncash Activities    
Conversion of securities 4 0
Equipment acquired under capital lease obligations 18 16
Cashless exercise of stock options 10 11
Liabilities Assumed $ 29 $ 0