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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities    
Net Income $ 1,123 $ 186
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36 32
Investment gains and losses, net (1,022) 90
Share-based compensation 16 16
Interest credited to contract holders' 21 23
Deferred income tax expense 218 (33)
Changes in:    
Investment income receivable 2 4
Premiums and reinsurance receivable (231) (129)
Deferred policy acquisition costs (68) (41)
Other assets (47) (14)
Loss and loss expense reserves 25 195
Life policy and investment contract reserves 52 47
Unearned premiums 292 174
Other liabilities (8) (85)
Current income tax receivable/payable 67 (1)
Net cash provided by operating activities 476 464
Cash Flows From Investing Activities    
Sale of fixed maturities 52 5
Call or maturity of fixed maturities 625 674
Sale of equity securities 142 134
Purchase of fixed maturities (765) (905)
Purchase of equity securities (212) (149)
Investment in finance receivables (17) (16)
Collection of finance receivables 13 12
Change in other invested assets, net (41) (11)
Net cash used in investing activities (216) (265)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (175) (166)
Shares acquired - share repurchase authorization 0 (125)
Proceeds from (Repayments of) Notes Payable 5 37
Proceeds from stock options exercised 7 5
Contract holders' funds withdrawn (93) (88)
Other (29) (41)
Net cash used in financing activities (241) (335)
Net change in cash and cash equivalents 19 (136)
Cash and cash equivalents at beginning of year 784 657
Cash and cash equivalents at end of period 803 521
Supplemental Disclosures of Cash Flow Information:    
Contract holders' funds deposited 44 43
Investment in buildings and equipment (13) (9)
Interest paid 27 26
Income taxes received (paid) 13 (60)
Noncash Activities    
Conversion of securities 0 3
Equipment acquired under capital lease obligations 7 8
Cashless exercise of stock options 7 3
Other assets and other liabilities $ 28 $ 28