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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 1,037 $ 1,682
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 285 275
Realized capital gains and losses 92 (280)
Gain on disposition of operations (4) (2)
Interest credited to contractholder funds 558 578
Changes in:    
Policy benefits and other insurance reserves 978 500
Unearned premiums 540 762
Deferred policy acquisition costs (159) (219)
Premium installment receivables, net (236) (290)
Reinsurance recoverables, net (420) (133)
Income taxes 30 (60)
Other operating assets and liabilities 41 (127)
Net cash provided by operating activities 2,742 2,686
Proceeds from sales    
Fixed income securities 19,132 22,796
Equity securities 4,069 2,688
Limited partnership interests 634 795
Mortgage loans 0 6
Other investments 206 178
Investment collections    
Fixed income securities 3,430 3,248
Mortgage loans 403 305
Other investments 281 254
Investment purchases    
Fixed income securities (22,282) (22,928)
Equity securities (4,113) (3,238)
Limited partnership interests (1,128) (930)
Mortgage loans (460) (524)
Other investments (674) (743)
Change in short-term investments, net 94 (577)
Change in other investments, net (60) (16)
Purchases of property and equipment, net (190) (219)
Net cash (used in) provided by investing activities (658) 1,095
Cash flows from financing activities    
Repayments of long-term debt (16) (20)
Contractholder fund deposits 785 784
Contractholder fund withdrawals (1,537) (1,793)
Dividends paid on common stock (364) (365)
Dividends paid on preferred stock (87) (87)
Treasury stock purchases (1,154) (2,216)
Shares reissued under equity incentive plans, net 123 121
Excess tax benefits on share-based payment arrangements 25 44
Other 35 (1)
Net cash used in financing activities (2,190) (3,533)
Net (decrease) increase in cash (106) 248
Cash at beginning of period 495 657
Cash at end of period $ 389 $ 905