XML 55 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Activities    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 467us-gaap_ProfitLoss $ 495us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization of deferred policy acquisition costs and present value of future profits (387)us-gaap_DeferredPolicyAcquisitionCostsAndPresentValueOfFutureProfitsAmortization1 (396)us-gaap_DeferredPolicyAcquisitionCostsAndPresentValueOfFutureProfitsAmortization1
Increase (Decrease) in Deferred Policy Acquisition Costs (354)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (350)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Change in reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums 120us-gaap_IncreaseDecreaseInInsuranceLiabilities 107us-gaap_IncreaseDecreaseInInsuranceLiabilities
Change in reinsurance recoverables 37us-gaap_IncreaseDecreaseInReinsuranceRecoverable 3us-gaap_IncreaseDecreaseInReinsuranceRecoverable
Change in receivables and other assets (449)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets (69)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
Change in payables and accruals (47)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (399)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Increase (Decrease) in Deferred Income Taxes (168)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (117)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Realized Investment Gains (Losses) 5us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments (86)us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
Net disbursements from investment contracts related to policyholder funds - international variable annuities 0hig_NetReceiptsToFromInvestmentContractsRelatedToPolicyholderFundsInternationalVariableAnnuities (2,458)hig_NetReceiptsToFromInvestmentContractsRelatedToPolicyholderFundsInternationalVariableAnnuities
Net decrease in equity securities, trading 0us-gaap_IncreaseDecreaseInTradingSecurities 2,458us-gaap_IncreaseDecreaseInTradingSecurities
Depreciation and amortization 101us-gaap_DepreciationAmortizationAndAccretionNet 60us-gaap_DepreciationAmortizationAndAccretionNet
Other operating activities, net 22us-gaap_OtherNoncashIncomeExpense (97)us-gaap_OtherNoncashIncomeExpense
Net cash provided by operating activities 447us-gaap_NetCashProvidedByUsedInOperatingActivities 349us-gaap_NetCashProvidedByUsedInOperatingActivities
Proceeds from Sale of Available-for-sale Securities, Debt 6,584us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 8,015us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, fair value option 36us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities 55us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
Equity securities, available-for-sale 363us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 118us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Mortgage loans 104us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 96us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
Proceeds from Limited Partnership Investments 179us-gaap_ProceedsFromLimitedPartnershipInvestments 123us-gaap_ProceedsFromLimitedPartnershipInvestments
Payments for the purchase of:    
Fixed maturities, available-for-sale (7,375)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (7,654)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Fixed maturities, fair value option (59)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (168)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Equity securities, available-for-sale (566)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (28)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Mortgage loans (154)us-gaap_PaymentsToAcquireMortgageNotesReceivable (204)us-gaap_PaymentsToAcquireMortgageNotesReceivable
Payments to Acquire Limited Partnership Interests 106us-gaap_PaymentsToAcquireLimitedPartnershipInterests 70us-gaap_PaymentsToAcquireLimitedPartnershipInterests
Derivatives, net 45us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities (17)us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
Payments for (Proceeds from) Policy Loans 24us-gaap_PaymentsForProceedsFromPolicyLoans (9)us-gaap_PaymentsForProceedsFromPolicyLoans
Payments to Acquire Property, Plant, and Equipment (58)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (33)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from Sale of Short-term Investments 1,325us-gaap_PaymentsForProceedsFromShortTermInvestments (44)us-gaap_PaymentsForProceedsFromShortTermInvestments
Other investing activities, net 1us-gaap_PaymentsForProceedsFromOtherInvestingActivities (2)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used for investing activities 295us-gaap_NetCashProvidedByUsedInInvestingActivities 196us-gaap_NetCashProvidedByUsedInInvestingActivities
Additions to Contract Holders Funds 1,209us-gaap_AdditionsToContractHoldersFunds 817us-gaap_AdditionsToContractHoldersFunds
Financing Activities    
Withdrawals and other deductions from investment and universal life-type contracts (4,682)us-gaap_WithdrawalFromContractHoldersFunds (4,687)us-gaap_WithdrawalFromContractHoldersFunds
Net transfers from separate accounts related to investment and universal life-type contracts 3,175hig_NetTransfersFromToSeparateAccountsRelatedToInvestmentAndUniversalLifeTypeContracts 3,581hig_NetTransfersFromToSeparateAccountsRelatedToInvestmentAndUniversalLifeTypeContracts
Repayments at maturity or settlement of consumer notes (2)us-gaap_ProceedsFromRepaymentsOfOtherDebt (6)us-gaap_ProceedsFromRepaymentsOfOtherDebt
Net increase (decrease) in securities loaned or sold under agreements to repurchase 323us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase 147us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
Repayment of long-term debt (289)us-gaap_RepaymentsOfLongTermDebt (200)us-gaap_RepaymentsOfLongTermDebt
Return of shares under incentive and stock compensation plans and other to treasury stock   (30)us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Payments for Repurchase of Common Stock (250)us-gaap_PaymentsForRepurchaseOfCommonStock (300)us-gaap_PaymentsForRepurchaseOfCommonStock
Dividends paid on common stock (78)us-gaap_PaymentsOfDividendsCommonStock (67)us-gaap_PaymentsOfDividendsCommonStock
Net cash provided by (used for) financing activities (619)us-gaap_NetCashProvidedByUsedInFinancingActivities (685)us-gaap_NetCashProvidedByUsedInFinancingActivities
Foreign exchange rate effect on cash (22)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Cash, Period Increase (Decrease) 101us-gaap_CashPeriodIncreaseDecrease (143)us-gaap_CashPeriodIncreaseDecrease
Cash - beginning of period 399us-gaap_Cash 1,428us-gaap_Cash
Cash - end of period 500us-gaap_Cash 1,285us-gaap_Cash
Supplemental Disclosure of Cash Flow Information    
Income taxes paid (received) 47us-gaap_IncomeTaxesPaidNet 126us-gaap_IncomeTaxesPaidNet
Interest paid $ 77us-gaap_InterestPaid $ 82us-gaap_InterestPaid