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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Statement of Cash Flows [Abstract]    
Net cash flows provided by (used in) operating activities $ 105 $ 222
Fixed-maturity securities:    
Purchases (1,172) (1,357)
Sales 1,381 444
Maturities 411 397
Net sales (purchases) of short-term investments 382 (51)
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 70 315
Acquisition of Radian Asset, net of cash acquired (800) 0
Other 27 23
Net cash flows provided by (used in) investing activities 299 (229)
Financing activities    
Dividends paid (37) (40)
Repurchases of common stock (285) (212)
Share activity under option and incentive plans (2) 1
Net paydowns of financial guaranty variable interest entities’ liabilities (78) (311)
Proceeds from issuance of long-term debt 0 496
Repayment of long-term debt (2) (7)
Net cash flows provided by (used in) financing activities (404) (73)
Effect of foreign exchange rate changes 0 2
Increase (decrease) in cash 0 (78)
Cash at beginning of period 75 184
Cash at end of period 75 106
Supplemental cash flow information    
Income taxes 51 68
Interest $ 48 $ 36