XML 1092 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net income (loss) $ 1,313 $ 221 $ 902
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 (219) (152) (140)
Trading securities purchases, sales and maturities, net 222 88 47
Change in premiums and fees receivable 28 (73) (14)
Change in accrued investment income (34) (48) (44)
Change in future contract benefits and other contract holder funds (131) 125 643
Change in reinsurance related assets and liabilities 9 (66) 22
Change in federal income tax accruals 192 318 394
Realized (gain) loss (74) 294 69
Equity in (income) loss of subsidiaries greater than distributions 751 (529) 379
(Gain) loss on early extinguishment of debt 5 8 5
Amortization of deferred gain on business sold through reinsurance (74) (75) (75)
Impairment of intangibles 0 747 0
(Gain) loss on disposal of discontinued operations 1 3 (66)
Other 31 (114) (23)
Net cash provided by (used in) operating activities 1,269 1,276 1,720
Cash Flows from Investing Activities      
Purchases of available-for-sale securities (11,161) (10,702) (13,057)
Sales of available-for-sale securities 1,134 1,497 3,118
Maturities of available-for-sale securities 5,974 5,324 4,652
Purchases of other investments (2,345) (3,282) (3,581)
Sales or maturities of other investments 2,276 3,094 3,239
Increase (decrease) in payables for collateral on investments 448 2,074 (248)
Proceeds from sale of subsidiaries/businesses, net of cash disposed 0 0 321
Other (183) (130) (74)
Net cash provided by (used in) investing activities (3,857) (2,125) (5,630)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities (320) (525) (405)
Issuance of long-term debt, net of issuance costs 300 298 749
Increase (decrease) in commercial paper, net 0 (100) 1
Deposits of fixed account values, including the fixed portion of variable 10,694 10,953 11,080
Withdrawals of fixed account values, including the fixed portion of variable (5,691) (5,050) (5,305)
Transfers to and from separate accounts, net (2,091) (2,325) (2,957)
Common stock issued for benefit plans and excess tax benefits (1) 3 1
Issuance (redemption) of Series B preferred stock and issuance (repurchase and cancellation) of associated common stock warrants 0 0 (998)
Issuance of common stock 0 0 368
Repurchase of common stock (492) (575) (25)
Dividends paid to common and preferred stockholders (91) (61) (42)
Net cash provided by (used in) financing activities 2,308 2,618 2,467
Net increase (decrease) in cash and invested cash (280) 1,769 (1,443)
Cash and invested cash, including discontinued operations, as of beginning-of-year 4,510 2,741 4,184
Cash and invested cash, including discontinued operations, as of end-of-year $ 4,230 $ 4,510 $ 2,741