XML 23 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income $ 899 $ 859 $ 479
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Deferred income tax expense (benefit) 168 136 (150)
Trading portfolio activity 9 (9) 17
Net realized investment (gains) losses (93) (50) 67
Equity method investees 84 238 195
Net amortization of investments (40) (27) 17
Depreciation and amortization 88 77 84
Changes in:      
Receivables, net 92 (130) 82
Accrued investment income (4) (3) (1)
Deferred acquisition costs (24) (8) 311
Insurance reserves 22 237 241
Other assets (158) (95) (79)
Other liabilities 173 162 126
Other, net 38 29 (2)
Total adjustments 355 557 908
Net cash flows provided by operating activities 1,254 1,416 1,387
Dispositions:      
Fixed maturity securities - sales 5,438 5,328 4,390
Fixed maturity securities - maturities, calls and redemptions 3,641 3,219 4,095
Equity securities 46 81 57
Limited partnerships 192 290 174
Mortgage loans 26 207 26
Purchases:      
Fixed maturity securities (9,065) (9,827) (8,675)
Equity securities (166) 0 (62)
Limited partnerships (171) (252) (188)
Mortgage loans (274) (120) (123)
Change in other investments (3) 7 4
Change in short term investments (6) 258 34
Purchases of property and equipment (102) (146) (125)
Disposals of property and equipment 0 107 0
Other, net 20 2 21
Net cash flows used by investing activities (424) (846) (372)
Cash Flows from Financing Activities      
Dividends paid to common stockholders (842) (813) (811)
Proceeds from the issuance of debt 496 498 0
Repayment of debt (391) (358) 0
Other, net (18) 0 4
Net cash flows used by financing activities (755) (673) (807)
Effect of foreign exchange rate changes on cash 9 (13) (11)
Net change in cash 84 (116) 197
Cash, beginning of year 271 387 190
Cash, end of year $ 355 $ 271 $ 387