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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash flows provided by (used in) operating activities $ (198) $ 444
Fixed-maturity securities:    
Purchases (503) (879)
Sales 914 592
Maturities and paydowns 506 533
Short-term investments with original maturities of over three months:    
Purchases (209) (121)
Sales 2 1
Maturities and paydowns 174 104
Net sales (purchases) of short-term investments with original maturities of less than three months (389) (288)
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 50 60
Net proceeds from sales of financial guaranty variable interest entities’ assets 51 0
Other 35 (16)
Net cash flows provided by (used in) investing activities 631 (14)
Financing activities    
Dividends paid (39) (37)
Repurchases of common stock (190) (250)
Repurchases of common stock to pay withholding taxes (16) (13)
Net paydowns of financial guaranty variable interest entities’ liabilities (95) (61)
Paydown of long-term debt (4) (24)
Proceeds from option exercises 1 1
Net cash flows provided by (used in) financing activities (343) (384)
Effect of foreign exchange rate changes 0 (1)
Increase (decrease) in cash and restricted cash 90 45
Cash and restricted cash at beginning of period (see Note 7) 104 144
Cash and restricted cash at end of period (see Note 7) 194 189
Supplemental cash flow information    
Income taxes (3) 39
Interest on long-term debt $ 42 $ 57