XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities    
Net income $ 561 $ 532
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense 15 122
Trading portfolio activity (13) (11)
Net realized investment gains (11) (86)
Equity method investees (15) 42
Net amortization of investments (30) (21)
Depreciation and amortization 41 43
Changes in:    
Receivables, net (587) (195)
Accrued investment income 15 1
Deferred acquisition costs (43) (41)
Insurance reserves 563 262
Other assets (178) (118)
Other liabilities (11) (45)
Other, net 47 30
Total adjustments (207) (17)
Net cash flows provided by operating activities 354 515
Dispositions:    
Fixed maturity securities - sales 4,781 3,142
Fixed maturity securities - maturities, calls and redemptions 1,306 1,770
Equity securities   22
Equity securities 25  
Limited partnerships 93 100
Mortgage loans 68 17
Purchases:    
Fixed maturity securities (5,608) (4,840)
Equity securities   (8)
Equity securities (127)  
Limited partnerships (72) (47)
Mortgage loans (94) (72)
Change in other investments (6) (3)
Change in short term investments 135 81
Purchases of property and equipment (76) (68)
Other, net 14 17
Net cash flows provided by investing activities 439 111
Cash Flows from Financing Activities    
Dividends paid to common stockholders (706) (676)
Repayment of debt (150) 0
Other, net 1 (1)
Net cash flows used by financing activities (855) (677)
Effect of foreign exchange rate changes on cash (5) 5
Net change in cash (67) (46)
Cash, beginning of year 355 271
Cash, end of period $ 288 $ 225