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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities      
Net Income $ 1,045 $ 591 $ 634
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 55 48 52
Realized investment gains, net (148) (124) (70)
Share-based compensation 26 23 20
Interest credited to contract holders' 48 48 44
Deferred income tax expense (444) 38 16
Changes in:      
Investment income receivable 0 (5) (6)
Premiums and reinsurance receivable 77 (113) (48)
Deferred policy acquisition costs (36) (26) (18)
Other assets (43) 34 (39)
Loss and loss expense reserves 188 367 233
Life policy and investment contract reserves 96 102 101
Unearned premiums 97 106 119
Other liabilities 24 61 55
Current income tax receivable/payable 67 (35) (18)
Net cash provided by operating activities 1,052 1,115 1,075
Cash Flows From Investing Activities      
Sale of fixed maturities 23 15 43
Call or maturity of fixed maturities 1,172 1,511 1,199
Sale of equity securities 523 465 342
Purchase of fixed maturities (1,723) (1,994) (1,722)
Purchase of equity securities (513) (439) (493)
Investment in finance receivables (32) (17) (14)
Collection of finance receivables 23 30 30
Investment in buildings and equipment (16) (13) (10)
Change in other invested assets, net (15) (14) 1
Net cash used in investing activities (558) (456) (624)
Cash Flows From Financing Activities      
Payment of cash dividends to shareholders (400) (306) (366)
Shares acquired - share repurchase authorization (92) (39) (53)
Changes in note payable 4 (15) (14)
Proceeds from stock options exercised 13 21 24
Contract holders' funds deposited 79 95 83
Contract holders' funds withdrawn (164) (155) (148)
Excess tax benefits on share-based compensation 0 5 4
Other (54) (32) (28)
Net cash used in financing activities (614) (426) (498)
Net change in cash and cash equivalents (120) 233 (47)
Cash and cash equivalents at beginning of year 777 544 591
Cash and cash equivalents at end of year 657 777 544
Supplemental Disclosures of Cash Flow Information      
Interest paid 52 52 52
Income taxes paid 60 213 245
Noncash Activities      
Conversion of securities 5 4 3
Equipment acquired under capital lease obligations 14 20 20
Cashless exercise of stock options 7 13 16
Other assets and other liabilities $ 75 $ 53 $ 27