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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Statement of Cash Flows [Abstract]    
Net cash flows provided by (used in) operating activities $ (39) $ 347
Fixed-maturity securities:    
Purchases (1,844) (2,031)
Sales 1,719 951
Maturities 635 557
Net sales (purchases) of short-term investments 751 89
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 114 346
Acquisition of Radian Asset, net of cash acquired (800) 0
Other 59 9
Net cash flows provided by (used in) investing activities 634 (79)
Financing activities    
Dividends paid (55) (58)
Repurchases of common stock (420) (438)
Share activity under option and incentive plans (2) (1)
Net paydowns of financial guaranty variable interest entities’ liabilities (122) (348)
Proceeds from issuance of long-term debt 0 495
Repayment of long-term debt (3) (18)
Net cash flows provided by (used in) financing activities (602) (368)
Effect of foreign exchange rate changes (2) (2)
Increase (decrease) in cash (9) (102)
Cash at beginning of period 75 184
Cash at end of period 66 82
Supplemental cash flow information    
Income taxes 71 68
Interest $ 55 $ 45