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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities    
Net Income (Loss) $ 695 $ (31)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19 18
Gain (Loss) on Sale of Investments (660) 191
Share-based compensation 9 9
Interest credited to contract holders' 11 11
Deferred income tax expense 144 (47)
Changes in:    
Investment income receivable 4 10
Premiums and reinsurance receivable (95) (26)
Deferred policy acquisition costs (24) (10)
Other assets (25) (8)
Loss and loss expense reserves (40) 72
Life policy and investment contract reserves 22 21
Unearned premiums 113 55
Other liabilities (93) (137)
Current income tax receivable/payable 120 26
Net cash provided by operating activities 200 154
Cash Flows From Investing Activities    
Sale of fixed maturities 1 5
Call or maturity of fixed maturities 269 393
Sale of equity securities 31 104
Purchase of fixed maturities (289) (438)
Purchase of equity securities (26) (110)
Investment in finance receivables (8) (6)
Collection of finance receivables 7 6
Investment in buildings and equipment (5) (3)
Change in other invested assets, net (36) (5)
Net cash used in investing activities (56) (54)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (85) (80)
Shares acquired - share repurchase authorization 0 (15)
Proceeds from stock options exercised 3 4
Contract holders' funds deposited 19 21
Contract holders' funds withdrawn (44) (46)
Other (19) (37)
Net cash used in financing activities (126) (153)
Net change in cash and cash equivalents 18 (53)
Cash and cash equivalents at beginning of year 784 657
Cash and cash equivalents at end of period 802 604
Supplemental Disclosures of Cash Flow Information:    
Income taxes received 94 0
Noncash Activities    
Conversion of securities 0 3
Equipment acquired under capital lease obligations 3 5
Cashless exercise of stock options 5 2
Other assets and other liabilities $ 23 $ 30