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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities    
Net income (loss) $ 665 $ 539
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (296) (86)
Trading securities purchases, sales and maturities, net 26 31
Change in premiums and fees receivable (35) 4
Change in accrued investment income (61) (56)
Change in future contract benefits and other contract holder funds 371 604
Change in reinsurance related assets and liabilities (72) (253)
Change in federal income tax accruals 322 202
Realized (gain) loss 15 21
Amortization of deferred gain on business sold through reinsurance (38) (38)
(Gain) loss on disposal of discontinued operations 0 (64)
Other (19) (31)
Net cash provided by (used in) operating activities 878 873
Cash Flows from Investing Activities    
Purchases of available-for-sale securities (5,901) (7,474)
Sales of available-for-sale securities 1,042 2,057
Maturities of available-for-sale securities 2,857 1,925
Purchases of other investments (1,701) (1,245)
Sales or maturities of other investments 1,527 1,443
Increase (decrease) in payables for collateral on investments 146 469
Proceeds from sale of subsidiaries/businesses, net of cash disposed 0 321
Other (42) (29)
Net cash provided by (used in) investing activities (2,072) (2,533)
Cash Flows from Financing Activities    
Payment of long-term debt, including current maturities 0 (250)
Issuance of long-term debt, net of issuance costs 298 749
Increase (decrease) in commercial paper, net (100) (1)
Deposits of fixed account values, including the fixed portion of variable 5,335 5,132
Withdrawals of fixed account values, including the fixed portion of variable (2,515) (2,483)
Transfers to and from separate accounts, net (1,391) (1,353)
Common stock issued for benefit plans and excess tax benefits (5) 0
Issuance (redemption) of Series B preferred stock and issuance (repurchase and cancellation) of associated common stock warrants 0 (950)
Issuance of common stock 0 368
Repurchase of common stock (226) 0
Dividends paid to common and preferred stockholders (31) (36)
Net cash provided by (used in) financing activities 1,365 1,176
Net increase (decrease) in cash and invested cash, including discontinued operations 171 (484)
Cash and invested cash, including discontinued operations, as of beginning-of-year 2,741 4,184
Cash and invested cash, including discontinued operations, as of end-of-period $ 2,912 $ 3,700