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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net income (loss) $ 479 [1] $ 691 [2] $ 937
Adjustments to reconcile net income (loss) to net cash flows provided (used) by operating activities:      
Loss on sale of subsidiaries 0 251 0
Deferred income tax expense (benefit) (150) 3 77
Trading portfolio activity 17 16 (10)
Net realized investment (gains) losses 67 (60) (31)
Equity method investees 195 83 (323)
Amortization of investments 17 3 (24)
Depreciation and amortization 84 83 101
Changes in:      
Receivables, net 82 731 44
Accrued investment income (1) 0 (9)
Deferred acquisition costs 311 44 2
Insurance reserves 241 (363) (68)
Other assets (79) (48) (27)
Other liabilities 126 (48) 525
Other, net (2) 54 10
Total adjustments 908 749 267
Net cash flows provided (used) by operating activities 1,387 1,440 1,204
Dispositions:      
Fixed maturity securities - sales 4,390 4,914 6,869
Fixed maturity securities - maturities, calls and redemptions 4,095 3,983 3,271
Equity securities 57 31 103
Limited partnerships 174 167 108
Mortgage loans 26 57 22
Purchases:      
Fixed maturity securities (8,675) (9,365) (11,197)
Equity securities (62) (67) (77)
Limited partnerships (188) (271) (223)
Mortgage loans (123) (137) (129)
Change in other investments 4 15 (22)
Change in short term investments 34 (388) 425
Purchases of property and equipment (125) (71) (91)
Proceeds from sale of subsidiaries 0 198 0
Other dispositions 0 0 32
Other, net 21 16 11
Net cash flows provided (used) by investing activities (372) (918) (898)
Cash Flows from Financing Activities      
Dividends paid to common stockholders (811) (541) (216)
Proceeds from the issuance of debt 0 546 0
Repayment of debt 0 (549) (13)
Other, net 4 25 (35)
Net cash flows provided (used) by financing activities (807) (519) (264)
Effect of foreign exchange rate changes on cash (11) (8) (3)
Net change in cash 197 (5) 39
Cash, beginning of year 190 195 156
Cash, end of year $ 387 $ 190 $ 195
[1] Net income in the fourth quarter of 2015 included a charge related to recognition of a premium deficiency in our long term care business.
[2] Net income in the first quarter of 2014 included the impairment loss on the sale of CAC.