XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 1,432.1 $ 1,685.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized gains on investments (107.5) (71.0)
Other-than-temporary impairment losses recognized in income 21.7 46.9
Loss on extinguishment of debt 6.0 0
Gain on disposal from discontinued operations (3.2) 0
Loss on disposal of assets 0.7 2.4
Deferred income taxes 48.7 14.4
Amortization, net of accretion 376.0 389.6
Depreciation expense 53.4 50.4
Impairment of property and equipment 2.2 0
Share-based compensation 88.9 63.1
Excess tax benefits from share-based compensation (29.3) (13.8)
Changes in operating assets and liabilities:    
Receivables, net (839.0) (619.7)
Other invested assets (23.6) (9.0)
Other assets (102.9) 27.7
Policy liabilities 853.2 (138.7)
Unearned income 130.5 (73.2)
Accounts payable and accrued expenses 213.0 (63.8)
Other liabilities 211.5 (15.4)
Income taxes 179.8 134.4
Other, net (53.7) (27.5)
Net cash provided by operating activities 2,458.5 1,382.1
Investing activities    
Purchases of fixed maturity securities (5,493.1) (6,821.7)
Proceeds from fixed maturity securities:    
Sales 4,024.8 4,462.8
Maturities, calls and redemptions 645.6 802.5
Purchases of equity securities (359.3) (70.0)
Proceeds from sales of equity securities 255.2 144.7
Purchases of other invested assets (81.9) (164.4)
Proceeds from sales of other invested assets 35.8 22.6
Settlement of non-hedging derivatives (46.2) (80.6)
Changes in securities lending collateral (976.9) (106.0)
Proceeds from sale of subsidiary, net of cash sold 740.0 0
Purchases of property and equipment (271.2) (249.5)
Other, net (0.1) (3.8)
Net cash used in investing activities (1,527.3) (2,063.4)
Financing activities    
Net proceeds from commercial paper borrowings 487.9 351.0
Repayments of long-term borrowings (45.1) (556.9)
Proceeds from short-term borrowings 1,650.0 100.0
Repayments of short-term borrowings (1,800.0) 0
Changes in securities lending payable 977.0 105.9
Changes in bank overdrafts 106.8 219.3
Repurchase and retirement of common stock (2,077.2) (615.5)
Cash dividends (243.9) (226.1)
Proceeds from issuance of common stock under employee stock plans 182.5 153.3
Excess tax benefits from share-based compensation 29.3 13.8
Net cash used in financing activities (732.7) (455.2)
Effect of foreign exchange rates on cash and cash equivalents (0.8) (0.8)
Change in cash and cash equivalents 197.7 (1,137.3)
Cash and cash equivalents, at beginning of period 1,586.9 2,484.6
Cash and cash equivalents, at end of period 1,784.6 1,347.3
Less cash and cash equivalents of discontinued operations at end of period 0 (4.7)
Cash and cash equivalents of continuing operations at end of period $ 1,784.6 $ 1,342.6