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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities    
Net Income (Loss) $ (31) $ 201
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 18 14
Investment gains and losses, net 191 (160)
Share-based compensation 9 8
Interest credited to contract holders' 11 13
Deferred income tax expense (47) 35
Changes in:    
Investment income receivable 10 11
Premiums and reinsurance receivable (26) (44)
Deferred policy acquisition costs (10) (25)
Other assets (8) (5)
Loss and loss expense reserves 72 92
Life policy and investment contract reserves 21 25
Unearned premiums 55 70
Other liabilities (137) (139)
Current income tax receivable/payable 26 40
Net cash provided by operating activities 154 136
Cash Flows From Investing Activities    
Sale of fixed maturities 5 12
Call or maturity of fixed maturities 393 249
Sale of equity securities 104 216
Purchase of fixed maturities (438) (403)
Purchase of equity securities (110) (313)
Investment in finance receivables (6) (5)
Collection of finance receivables 6 6
Investment in buildings and equipment (3) (2)
Change in other invested assets, net (5) (6)
Net cash used in investing activities (54) (246)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (80) (77)
Shares acquired - share repurchase authorization (15) (15)
Payments of note payable 0 (3)
Proceeds from stock options exercised 4 6
Contract holders' funds deposited 21 23
Contract holders' funds withdrawn (46) (43)
Other (37) (15)
Net cash used in financing activities (153) (124)
Net change in cash and cash equivalents (53) (234)
Cash and cash equivalents at beginning of year 657 777
Cash and cash equivalents at end of period 604 543
Supplemental Disclosures of Cash Flow Information:    
Interest paid 0 0
Income taxes paid 0 0
Noncash Activities    
Conversion of securities 3 4
Equipment acquired under capital lease obligations 5 3
Cashless exercise of stock options 2 4
Other assets and other liabilities $ 30 $ 73