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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income $ 620 $ 561
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Deferred income tax expense 25 15
Trading portfolio activity 4 (13)
Net investment gains (13) (11)
Equity method investees 39 (15)
Net amortization of investments (47) (30)
Depreciation and amortization 36 41
Changes in:    
Receivables, net (135) (587)
Accrued investment income (7) 15
Deferred acquisition costs (47) (43)
Insurance reserves 203 563
Other, net (164) (142)
Net cash flows provided by operating activities 514 354
Dispositions:    
Fixed maturity securities - sales 3,858 4,781
Fixed maturity securities - maturities, calls and redemptions 1,374 1,306
Equity securities 117 25
Limited partnerships 297 93
Mortgage loans 70 68
Purchases:    
Fixed maturity securities (4,896) (5,608)
Equity securities (88) (127)
Limited partnerships (139) (72)
Mortgage loans (147) (94)
Change in other investments (4) (6)
Change in short term investments (211) 135
Purchases of property and equipment (14) (76)
Other, net 16 14
Net cash flows provided by investing activities 233 439
Cash Flows from Financing Activities    
Dividends paid to common stockholders (738) (706)
Proceeds from the issuance of debt 496 0
Repayment of debt (520) (150)
Purchase of treasury stock (16) 0
Other, net (10) 1
Net cash flows used by financing activities (788) (855)
Effect of foreign exchange rate changes on cash 2 (5)
Net change in cash (39) (67)
Cash, beginning of year 310 355
Cash, end of period $ 271 $ 288