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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities    
Net Income $ 403 $ 491
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40 34
Realized investment gains, net (156) (161)
Share-based compensation 19 18
Interest credited to contract holders' 36 36
Deferred income tax expense 32 20
Changes in:    
Investment income receivable 6 8
Premiums and reinsurance receivable (66) (111)
Deferred policy acquisition costs (44) (31)
Other assets (34) (32)
Loss and loss expense reserves 265 273
Life policy reserves 71 75
Unearned premiums 168 187
Other liabilities (46) 11
Current income tax receivable/payable 52 17
Net cash provided by operating activities 746 835
Cash Flows From Investing Activities    
Sale of fixed maturities 20 15
Call or maturity of fixed maturities 815 1,160
Sale of equity securities 290 311
Purchase of fixed maturities (1,155) (1,465)
Purchase of equity securities (399) (396)
Investment in finance receivables (21) (13)
Collection of finance receivables 17 24
Investment in buildings and equipment, net (14) (9)
Change in other invested assets, net (12) (13)
Net cash used in investing activities (459) (386)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (239) (229)
Shares acquired - share repurchase authorization (70) (2)
Payments of note payable (3) (15)
Proceeds from stock options exercised 10 17
Contract holders' funds deposited 60 71
Contract holders' funds withdrawn (119) (118)
Excess tax benefits on stock-based compensation 0 4
Other (29) (21)
Net cash used in financing activities (390) (293)
Net change in cash and cash equivalents (103) 156
Cash and cash equivalents at beginning of year 777 544
Cash and cash equivalents at end of period 674 700
Supplemental Disclosures of Cash Flow Information:    
Interest paid 26 26
Income taxes paid 44 152
Noncash Activities    
Conversion of securities 5 4
Equipment acquired under capital lease obligations 10 18
Cashless exercise of stock options 6 10
Other assets and other liabilities $ 74 $ 29