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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net income $ 260 $ 66
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense 72 55
Trading portfolio activity (6) (3)
Net realized investment (gains) losses (36) 36
Equity method investees 38 262
Net amortization of investments (12) (4)
Depreciation and amortization 21 21
Changes in:    
Receivables, net 89 (317)
Accrued investment income (26) (22)
Deferred acquisition costs (24) (23)
Insurance reserves 135 511
Other assets (37) (89)
Other liabilities (206) (168)
Other, net 14 9
Total adjustments 22 268
Net cash flows provided by operating activities 282 334
Dispositions:    
Fixed maturity securities - sales 1,359 1,722
Fixed maturity securities - maturities, calls and redemptions 823 490
Equity securities 16 4
Limited partnerships 57 89
Mortgage loans 3 22
Purchases:    
Fixed maturity securities (2,097) (2,238)
Equity securities (7) 0
Limited partnerships (18) (169)
Mortgage loans (23) (19)
Change in other investments (1) 0
Change in short term investments 271 16
Purchases of property and equipment (30) (33)
Disposals of property and equipment 0 107
Other, net 1 0
Net cash flows provided (used) by investing activities 354 (9)
Cash Flows from Financing Activities    
Dividends paid to common stockholders (609) (609)
Proceeds from the issuance of debt 0 498
Repayment of debt 0 (358)
Other, net 0 0
Net cash flows used by financing activities (609) (469)
Effect of foreign exchange rate changes on cash 1 (1)
Net change in cash 28 (145)
Cash, beginning of year 271 387
Cash, end of period $ 299 $ 242