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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 342 $ 291
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense 32 29
Trading portfolio activity (3) (1)
Net investment (gains) (31) (12)
Equity method investees 14 (2)
Net amortization of investments (25) (15)
Depreciation and amortization 19 20
Changes in:    
Receivables, net 44 (215)
Accrued investment income (15) (3)
Deferred acquisition costs (30) (29)
Insurance reserves 57 311
Other, net (117) (156)
Net cash flows provided by operating activities 287 218
Dispositions:    
Fixed maturity securities - sales 2,259 2,576
Fixed maturity securities - maturities, calls and redemptions 576 531
Equity securities 64 7
Limited partnerships 186 69
Mortgage loans 35 11
Purchases:    
Fixed maturity securities (2,447) (2,690)
Equity securities (36) (98)
Limited partnerships (114) (62)
Mortgage loans (59) (36)
Change in other investments (6) (4)
Change in short term investments (177) 208
Purchases of property and equipment (8) (38)
Other, net 16 15
Net cash flows provided by investing activities 289 489
Cash Flows from Financing Activities    
Dividends paid to common stockholders (643) (624)
Repayment of debt 0 (150)
Purchase of treasury stock (14) 0
Other, net (8) (7)
Net cash flows used by financing activities (665) (781)
Effect of foreign exchange rate changes on cash 2 1
Net change in cash (87) (73)
Cash, beginning of year 310 355
Cash, end of year $ 223 $ 282