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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities    
Net Income $ 186 $ 301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32 27
Gain (Loss) on Sale of Investments (90) 149
Share-based compensation 16 14
Interest credited to contract holders' 23 24
Deferred income tax expense (33) 32
Changes in:    
Investment income receivable 4 4
Premiums and reinsurance receivable (129) (91)
Deferred policy acquisition costs (41) (45)
Other assets (14) (37)
Loss and loss expense reserves 195 196
Life policy and investment contract reserves 47 50
Unearned premiums 174 154
Other liabilities (85) (82)
Current income tax receivable/payable (1) 47
Net cash provided by operating activities 464 445
Cash Flows From Investing Activities    
Sale of fixed maturities 5 12
Call or maturity of fixed maturities 674 540
Sale of equity securities 134 288
Purchase of fixed maturities (905) (802)
Purchase of equity securities (149) (352)
Investment in finance receivables (16) (14)
Collection of finance receivables 12 11
Investment in buildings and equipment (9) (9)
Change in other invested assets, net (11) (7)
Net cash used in investing activities (265) (333)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (166) (158)
Shares acquired - share repurchase authorization (125) (70)
Proceeds from (Repayments of) Notes Payable 37  
Changes in note payable   (3)
Proceeds from stock options exercised 5 8
Contract holders' funds deposited 43 42
Contract holders' funds withdrawn (88) (83)
Other (41) (19)
Net cash used in financing activities (335) (283)
Net change in cash and cash equivalents (136) (171)
Cash and cash equivalents at beginning of year 657 777
Cash and cash equivalents at end of period 521 606
Supplemental Disclosures of Cash Flow Information:    
Interest paid 26 26
Income taxes paid 60 23
Noncash Activities    
Conversion of securities 3 5
Equipment acquired under capital lease obligations 8 6
Cashless exercise of stock options 3 4
Other assets and other liabilities $ 28 $ 70