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Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Adjustments to reconcile net income to net cash provided by operating activities      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 1,682 $ 798 $ 176
Amortization of deferred policy acquisition costs and present value of future profits (1,502) (1,729) (2,701)
Increase (Decrease) in Deferred Policy Acquisition Costs (1,390) (1,364) (1,330)
Net realized capital losses 156 141 (1,149)
Depreciation and amortization 373 276 189
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax (6) 653 102 [1]
Loss on extinguishment of debt (21) 0 (213)
Gain (Loss) on Disposition of Business (28) (23) 1,574
Other operating activities, net 153 203 69
Change in reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums 305 226 (308)
Change in reinsurance recoverables 146 (22) (561)
Change in receivables and other assets 183 (122) (409)
Change in payables and accruals (704) (937) 497
Change in accrued and deferred income taxes 363 328 (526)
Net receipts (disbursements) from investment contracts related to policyholder funds — international variable annuities 0 (3,993) (9,189)
Net (increase) decrease in equity securities, trading 0 3,993 9,188
Net Cash Provided by (Used in) Operating Activities 2,756 1,886 1,237
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities, available-for-sale 25,946 25,309 40,266
Proceeds from Sale and Maturity of Available-for-sale Securities 181 401 322
Equity securities, available-for-sale 1,319 354 274
Mortgage loans 792 646 468
Partnerships 624 490 368
Payments for the purchase of:      
Fixed maturities, available-for-sale (27,744) (22,545) (35,446)
Payments to Acquire Available-for-sale Securities (251) (369) (150)
Equity securities, available-for-sale (1,454) (683) (212)
Mortgage loans (870) (604) (718)
Partnerships (620) (312) (353)
Proceeds from business sold   963 815
Derivatives, net (173) 10 (2,208)
Change in policy loans, net (30) (11) (5)
Payments to Acquire Property, Plant, and Equipment (307) (121) (64)
Payments for (Proceeds from) Short-term Investments 3,071 (1,814) 318
Other investing activities, net 1 (18) 70
Net cash used for investing activities 485 1,696 3,745
Financing Activities      
Deposits and other additions to investment and universal life-type contracts 4,718 5,289 5,942
Withdrawals and other deductions from investment and universal life-type contracts (17,085) (21,870) (25,034)
Net Change Contract Holders Funds 11,046 14,366 16,978
Repayments at maturity or settlement of consumer notes (33) (13) (77)
Net increase (decrease) in securities loaned or sold under agreements to repurchase 507   (1,988)
Repurchase of warrants 0   (33)
Repayment of long-term debt (773) (200) (1,338)
Proceeds from the issuance of long-term debt     533
Proceeds from net issuance of shares under incentive and stock compensation plans, excess tax benefit and other 42 30 20
Treasury stock acquired (1,250) (1,796) (600)
Dividends paid on preferred stock     (21)
Dividends paid on common stock (316) (282) (202)
Net cash used for financing activities (3,144) (4,476) (5,820)
Foreign exchange rate effect on cash (48) (135) (155)
Cash, Period Increase (Decrease) 49 (1,029) (993)
Cash - beginning of period 399 1,428 2,421
Cash - end of period 448 399 1,428
Supplemental Disclosure of Cash Flow Information      
Income taxes paid (received) 80 313 (69)
Interest paid (361) (377) (402)
Reinsurance Loss on Dispositions [Member]      
Adjustments to reconcile net income to net cash provided by operating activities      
Gain (Loss) on Disposition of Business $ (28) $ (23) $ 1,574
[1] Includes income tax benefits of $265 on the sale of HLIKK and $219 on the sale of HLIL for the years ended December 31, 2014 and 2013, respectively.