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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income $ 813 $ 899 $ 859
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Deferred income tax (benefit) expense (20) 168 136
Trading portfolio activity 0 9 (9)
Net realized investment losses (gains) 52 (93) (50)
Equity method investees 330 84 238
Net amortization of investments (70) (40) (27)
Depreciation and amortization 79 88 77
Changes in:      
Receivables, net (229) 92 (130)
Accrued investment income 19 (4) (3)
Deferred acquisition costs (6) (24) (8)
Insurance reserves 482 22 237
Other assets (192) (158) (95)
Other liabilities (98) 173 162
Other, net 67 38 29
Total adjustments 414 355 557
Net cash flows provided by operating activities 1,227 1,254 1,416
Dispositions:      
Fixed maturity securities - sales 8,408 5,438 5,328
Fixed maturity securities - maturities, calls and redemptions 2,370 3,641 3,219
Equity securities 89 46 81
Limited partnerships 343 192 290
Mortgage loans 128 26 207
Purchases:      
Fixed maturity securities (10,785) (9,065) (9,827)
Equity securities (258) (166) 0
Limited partnerships (419) (171) (252)
Mortgage loans (128) (274) (120)
Change in other investments (12) (3) 7
Change in short term investments 168 (6) 258
Purchases of property and equipment (99) (102) (146)
Disposals of property and equipment 0 0 107
Other, net 18 20 2
Net cash flows used by investing activities (177) (424) (846)
Cash Flows from Financing Activities      
Dividends paid to common stockholders (896) (842) (813)
Proceeds from the issuance of debt 0 496 498
Repayment of debt (180) (391) (358)
Other, net (9) (18) 0
Net cash flows used by financing activities (1,085) (755) (673)
Effect of foreign exchange rate changes on cash (10) 9 (13)
Net change in cash (45) 84 (116)
Cash, beginning of year 355 271 387
Cash, end of year $ 310 $ 355 $ 271