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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net income (loss) $ 859 [1] $ 479 [1],[2] $ 691
Adjustments to reconcile net income (loss) to net cash flows provided (used) by operating activities:      
Loss on sale of subsidiaries 0 0 251
Deferred income tax expense (benefit) 136 (150) 3
Trading portfolio activity (9) 17 16
Net Realized Investment Gains Losses Continuing And Discontinuing Operations 50 (67) 60
Equity method investees 238 195 83
Amortization of investments (27) 17 3
Depreciation and amortization 77 84 83
Changes in:      
Receivables, net (130) 82 731
Accrued investment income (3) (1) 0
Deferred acquisition costs (8) 311 44
Insurance reserves 237 241 (363)
Other assets (95) (79) (48)
Other liabilities 162 126 (48)
Other, net 29 (2) 54
Total adjustments 557 908 749
Net cash flows provided (used) by operating activities 1,416 1,387 1,440
Dispositions:      
Fixed maturity securities - sales 5,328 4,390 4,914
Fixed maturity securities - maturities, calls and redemptions 3,219 4,095 3,983
Equity securities 81 57 31
Limited partnerships 290 174 167
Mortgage loans 207 26 57
Purchases:      
Fixed maturity securities (9,827) (8,675) (9,365)
Equity securities 0 (62) (67)
Limited partnerships (252) (188) (271)
Mortgage loans (120) (123) (137)
Change in other investments 7 4 15
Change in short term investments 258 34 (388)
Purchases of property and equipment (146) (125) (71)
Proceeds from Sale of Property, Plant, and Equipment 107 0 0
Proceeds from sale of subsidiaries 0 0 198
Other, net 2 21 16
Net cash flows provided (used) by investing activities (846) (372) (918)
Cash Flows from Financing Activities      
Dividends paid to common stockholders (813) (811) (541)
Proceeds from the issuance of debt 498 0 546
Repayment of debt (358) 0 (549)
Other, net 0 4 25
Net cash flows provided (used) by financing activities (673) (807) (519)
Effect of foreign exchange rate changes on cash (13) (11) (8)
Net change in cash (116) 197 (5)
Cash, beginning of year 387 190 195
Cash, end of year $ 271 $ 387 $ 190
[1] Net income (loss) in the first quarter of 2016 and the second quarter of 2015 included a charge related to the application of retroactive reinsurance accounting to adverse reserve development ceded under the 2010 A&EP Loss Portfolio Transfer in our Corporate & Other Non-Core segment.
[2] Net income (loss) in the fourth quarter of 2015 included a charge related to recognition of a premium deficiency in our long term care business.