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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities      
Net Income $ 287 $ 1,045 $ 591
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 63 55 48
Investment gains and losses, net 408 (148) (124)
Share-based compensation 28 26 23
Interest credited to contract holders' 47 48 48
Deferred income tax expense (47) (444) 38
Changes in:      
Investment income receivable 2 0 (5)
Premiums and reinsurance receivable (109) 77 (113)
Deferred policy acquisition costs (48) (36) (26)
Other assets (1) (43) 34
Loss and loss expense reserves 434 188 367
Life policy and investment contract reserves 96 96 102
Unearned premiums 112 97 106
Other liabilities 0 24 61
Current income tax receivable/payable (91) 67 (35)
Net cash provided by operating activities 1,181 1,052 1,115
Cash Flows From Investing Activities      
Sale of fixed maturities 36 23 15
Call or maturity of fixed maturities 1,127 1,172 1,511
Sale of equity securities 403 523 465
Purchase of fixed maturities (1,510) (1,723) (1,994)
Purchase of equity securities (441) (513) (439)
Investment in finance receivables (33) (32) (17)
Collection of finance receivables 25 23 30
Investment in buildings and equipment (20) (16) (13)
Change in other invested assets, net (38) (15) (14)
Net cash used in investing activities (451) (558) (456)
Cash Flows From Financing Activities      
Payment of cash dividends to shareholders (336) (400) (306)
Shares acquired - share repurchase authorization (125) (92) (39)
Changes in note payable 8 4 (15)
Proceeds from stock options exercised 9 13 21
Contract holders' funds deposited 84 79 95
Contract holders' funds withdrawn (183) (164) (155)
Excess tax benefits on share-based compensation 0 0 5
Other (60) (54) (32)
Net cash used in financing activities (603) (614) (426)
Net change in cash and cash equivalents 127 (120) 233
Cash and cash equivalents at beginning of year 657 777 544
Cash and cash equivalents at end of year 784 657 777
Supplemental Disclosures of Cash Flow Information      
Interest paid 53 52 52
Income taxes paid 98 60 213
Noncash Activities      
Conversion of securities 0 5 4
Equipment acquired under capital lease obligations 21 14 20
Cashless exercise of stock options 5 7 13
Other assets and other liabilities $ 48 $ 75 $ 53