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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash flows provided by (used in) operating activities $ (365) $ 352
Fixed-maturity securities:    
Purchases (688) (1,478)
Sales 1,306 908
Maturities and paydowns 664 746
Short-term investments with original maturities of over three months:    
Purchases (216) (148)
Sales 2 1
Maturities and paydowns 206 136
Net sales (purchases) of short-term investments with original maturities of less than three months (404) (80)
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 119 90
Net proceeds from sales of financial guaranty variable interest entities’ assets 51 0
Other 30 19
Net cash flows provided by (used in) investing activities 1,070 194
Financing activities    
Dividends paid (56) (55)
Repurchases of common stock (340) (380)
Net paydowns of financial guaranty variable interest entities’ liabilities (162) (90)
Paydown of long-term debt (4) (73)
Other (16) (8)
Net cash flows provided by (used in) financing activities (578) (606)
Effect of foreign exchange rate changes (2) (2)
Increase (decrease) in cash and restricted cash 125 (62)
Cash and restricted cash at beginning of period (see Note 7) 104 144
Cash and restricted cash at end of period (see Note 7) 229 82
Supplemental cash flow information    
Income taxes (2) (5)
Interest on long-term debt $ 51 $ 66