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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities    
Net Income $ 301 $ 311
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27 24
Realized investment gains, net (149) (105)
Share-based compensation 14 13
Interest credited to contract holders' 24 25
Deferred income tax expense 32 7
Changes in:    
Investment income receivable 4 3
Premiums and reinsurance receivable (91) (132)
Deferred policy acquisition costs (45) (26)
Other assets (37) (39)
Loss and loss expense reserves 196 252
Life policy reserves 50 50
Unearned premiums 154 148
Other liabilities (82) (33)
Current income tax receivable/payable 47 1
Net cash provided by operating activities 445 499
Cash Flows From Investing Activities    
Sale of fixed maturities 12 15
Call or maturity of fixed maturities 540 820
Sale of equity securities 288 208
Purchase of fixed maturities (802) (975)
Purchase of equity securities (352) (360)
Investment in finance receivables (14) (10)
Collection of finance receivables 11 15
Investment in buildings and equipment, net (9) (7)
Change in other invested assets, net (7) (13)
Net cash used in investing activities (333) (307)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (158) (151)
Shares acquired - share repurchase authorization (70) (2)
Payments of note payable (3) (7)
Proceeds from stock options exercised 8 13
Contract holders' funds deposited 42 50
Contract holders' funds withdrawn (83) (77)
Excess tax benefits on stock-based compensation 0 2
Other (19) (17)
Net cash used in financing activities (283) (189)
Net change in cash and cash equivalents (171) 3
Cash and cash equivalents at beginning of year 777 544
Cash and cash equivalents at end of period 606 547
Supplemental Disclosures of Cash Flow Information:    
Interest paid 26 26
Income taxes paid 23 110
Noncash Activities    
Conversion of securities 5 3
Equipment acquired under capital lease obligations 6 12
Cashless exercise of stock options 4 7
Other assets and other liabilities $ 70 $ 0