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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 1,009.9 $ 703.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized (gains) losses on financial instruments (7.3) 125.1
Other-than-temporary impairment losses recognized in income 8.1 66.9
Loss on disposal of assets 0.7 0.2
Deferred income taxes (157.2) 73.3
Amortization, net of accretion 193.4 199.7
Depreciation expense 27.3 25.6
Share-based compensation 42.7 37.6
Excess tax benefits from share-based compensation 0.0 (39.8)
Changes in operating assets and liabilities:    
Receivables, net 276.3 (170.5)
Other invested assets (14.8) (5.3)
Other assets (205.2) (117.4)
Policy liabilities 130.1 (27.2)
Unearned income 954.2 (124.2)
Accounts payable and accrued expenses (223.8) 66.3
Other liabilities 40.3 39.5
Income taxes 659.7 507.7
Other, net (46.2) (0.7)
Net cash provided by operating activities 2,688.2 1,359.8
Investing activities    
Purchases of fixed maturity securities (4,030.1) (3,287.1)
Proceeds from fixed maturity securities:    
Sales 2,851.8 2,507.0
Maturities, calls and redemptions 522.7 249.3
Purchases of equity securities (367.0) (747.1)
Proceeds from sales of equity securities 63.0 206.5
Purchases of other invested assets (73.7) (146.4)
Proceeds from sales of other invested assets 76.5 99.3
Change in collateral and settlements of non-hedging derivatives 0.4 (0.6)
Changes in securities lending collateral (154.5) (154.4)
Purchases of property and equipment (127.9) (117.5)
Other, net 11.8 0.0
Net cash used in investing activities (1,227.0) (1,391.0)
Financing activities    
Net proceeds from (repayments of) commercial paper borrowings 1,719.1 (77.3)
Repayments of long-term borrowings (401.1) 0.0
Proceeds from short-term borrowings 1,170.0 980.0
Repayments of short-term borrowings (1,070.0) (980.0)
Changes in securities lending payable 154.5 154.4
Changes in bank overdrafts (168.9) (113.2)
Repurchase and retirement of common stock (50.7) 0.0
Change in collateral and settlements of debt-related derivatives (8.0) (237.1)
Cash dividends (172.2) (170.7)
Proceeds from issuance of common stock under employee stock plans 103.5 50.9
Taxes paid through withholding of common stock under employee stock plans (41.9) (55.5)
Excess tax benefits from share-based compensation 0.0 39.8
Net cash provided by (used in) financing activities 1,234.3 (408.7)
Effect of foreign exchange rates on cash and cash equivalents 1.6 2.4
Change in cash and cash equivalents 2,697.1 (437.5)
Cash and cash equivalents at beginning of period 4,075.3 2,113.5
Cash and cash equivalents at end of period $ 6,772.4 $ 1,676.0