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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 2,026 $ 1,459
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 277 246
Realized capital gains and losses (588) (452)
Loss on extinguishment of debt 1 489
Loss on disposition of operations 77 644
Interest credited to contractholder funds 717 973
Changes in:    
Policy benefits and other insurance reserves 50 (787)
Unearned premiums 822 670
Deferred policy acquisition costs (189) (208)
Premium installment receivables, net (386) (300)
Reinsurance recoverables, net (110) 294
Income taxes 175 455
Other operating assets and liabilities (307) (412)
Net cash provided by operating activities 2,565 3,071
Proceeds from sales    
Fixed income securities 27,648 15,354
Equity securities 5,263 2,231
Limited partnership interests 1,084 676
Mortgage loans 10 20
Other investments 292 93
Investment collections    
Fixed income securities 2,787 4,879
Mortgage loans 868 783
Other investments 158 213
Investment purchases    
Fixed income securities (30,650) (16,645)
Equity securities (4,208) (2,565)
Limited partnership interests (892) (911)
Mortgage loans (218) (423)
Other investments (652) (880)
Change in short-term investments, net 265 (544)
Change in other investments, net 58 92
Purchases of property and equipment, net (207) (116)
Disposition (acquisition) of operations 378 (24)
Net cash provided by investing activities 1,984 2,233
Cash flows from financing activities    
Proceeds from issuance of long-term debt   2,267
Repayments of long-term debt (1,006) (2,605)
Proceeds from issuance of preferred stock 965 651
Contractholder fund deposits 926 1,608
Contractholder fund withdrawals (2,831) (5,458)
Dividends paid on common stock (360) (237)
Dividends paid on preferred stock (56)  
Treasury stock purchases (2,189) (1,385)
Shares reissued under equity incentive plans, net 204 108
Excess tax benefits on share-based payment arrangements 22 33
Other (14) (10)
Net cash used in financing activities (4,339) (5,028)
Cash classified as held for sale   (13)
Net increase in cash 210 263
Cash at beginning of period 675 806
Cash at end of period $ 885 $ 1,069