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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net Income $ 591 $ 634 $ 525
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 48 52 51
Realized investment gains, net (124) (70) (133)
Share-based compensation 23 20 19
Interest credited to contract holders' 48 44 47
Deferred income tax expense 38 16 37
Changes in:      
Investment income receivable (5) (6) (2)
Premiums and reinsurance receivable (113) (48) (60)
Deferred policy acquisition costs (26) (18) (20)
Other assets 34 (39) 19
Loss and loss expense reserves 367 233 174
Life policy reserves 102 101 119
Unearned premiums 106 119 106
Other liabilities 49 44 (11)
Current income tax receivable/payable (35) (18) 2
Net cash provided by operating activities 1,103 1,064 873
Cash Flows From Investing Activities      
Sale of fixed maturities 15 43 26
Call or maturity of fixed maturities 1,511 1,199 1,019
Sale of equity securities 465 342 335
Purchase of fixed maturities (1,994) (1,722) (1,312)
Purchase of equity securities (439) (493) (392)
Investment in finance receivables (17) (14) (18)
Collection of finance receivables 30 30 31
Investment in buildings and equipment, net (13) (10) (9)
Change in other invested assets, net (14) 1 9
Net cash used in investing activities (456) (624) (311)
Cash Flows From Financing Activities      
Payment of cash dividends to shareholders (306) (366) (278)
Shares acquired - share repurchase authorization (39) (53) (21)
Payments of note payable (15) (14) (55)
Proceeds from stock options exercised 21 24 22
Contract holders' funds deposited 95 83 86
Contract holders' funds withdrawn (155) (148) (143)
Excess tax benefits on share-based compensation 5 4 2
Other (20) (17) (17)
Net cash used in financing activities (414) (487) (404)
Net change in cash and cash equivalents 233 (47) 158
Cash and cash equivalents at beginning of year 544 591 433
Cash and cash equivalents at end of year 777 544 591
Supplemental Disclosures of Cash Flow Information      
Interest paid 52 52 53
Income taxes paid 213 245 154
Noncash Activities      
Conversion of securities 4 3 7
Equipment acquired under capital lease obligations 20 20 12
Cashless exercise of stock options 13 16 19
Other assets and other liabilities $ 53 $ 27 $ 0