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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities      
Net Income $ 1,478 $ 1,624 $ 1,261
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 597 560 345
Realized investment (gains) losses (213) (44) (62)
Deferred income taxes 197 134 217
Gains on sale of businesses (excluding discontinued operations) (15) (18) (25)
Net changes in assets and liabilities, net of non-operating effects:      
Premiums, accounts and notes receivable (110) (71) (50)
Reinsurance recoverables 369 62 19
Deferred policy acquisition costs (227) (159) (129)
Other assets 405 31 (307)
Insurance liabilities 1,040 245 154
Accounts payable, accrued expenses and other liabilities (483) (132) 344
Current income taxes (56) 29 (246)
Cash used to exit Run-off Reinsurance business (2,196) 0 0
Proceeds from sales of mortgage loans held for sale 0 61 0
Other, net (67) 28 (30)
Net cash provided by operating activities 719 2,350 1,491
Proceeds from investments sold:      
Fixed maturities 1,767 583 830
Equity securities 8 8 16
Other (primarily short-term and other long-term investments) 1,661 831 1,915
Investment maturities and repayments:      
Fixed maturities 1,593 1,507 1,265
Equity securities 28 0 30
Commercial mortgage loans 653 722 638
Investments purchased or originated:      
Fixed maturities (3,006) (2,326) (2,877)
Equity securities (56) (8) (20)
Commercial mortgage loans (58) (364) (487)
Other (primarily short-term and other long-term investments) (1,930) (821) (2,056)
Property and equipment purchases (527) (408) (422)
Acquisitions, net of cash acquired (76) (3,581) (102)
Other (42) 0 0
Net cash provided by/ (used in) investing activities 15 (3,857) (1,270)
Cash Flows from Financing Activities      
Deposits and interest credited to contractholder deposit funds 1,399 1,337 1,323
Withdrawals and benefit payments from contractholder deposit funds (1,358) (1,264) (1,178)
Change in cash overdraft position 16 25 (1)
Net change in short-term debt (101) 98 0
Net proceeds on issuance of long-term debt 0 0 2,676
Repayment of long-term debt (15) (326) (451)
Repurchase of common stock (1,003) (208) (225)
Issuance of common stock 150 121 734
Common dividends paid (11) (11) (11)
Distributions to redeemable noncontrolling interest (7) 0 0
Net cash (used in) / provided by financing activities (930) (228) 2,867
Effect of foreign currency rate changes on cash and cash equivalents 13 23 (3)
Net increase (decrease) in cash and cash equivalents (183) (1,712) 3,085
Cash and cash equivalents, beginning of year 2,978 4,690 1,605
Cash and cash equivalents, end of year 2,795 2,978 4,690
Supplemental Disclosure of Cash Information:      
Income taxes paid, net of refunds 519 655 633
Interest paid $ 265 $ 248 $ 185