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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 303 $ 259
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (40) (39)
Realized capital gains and losses (170) 10
Loss on disposition of operations 0 44
Interest credited to contractholder funds 365 505
Changes in:    
Policy benefits and other insurance reserves (295) (337)
Unearned premiums 0 (1)
Deferred policy acquisition costs 1 7
Reinsurance recoverables, net 22 (4)
Income taxes (9) (8)
Other operating assets and liabilities (25) (123)
Net cash provided by operating activities 152 313
Proceeds from sales    
Fixed income securities 3,452 1,850
Equity securities 418 150
Limited partnership interests 241 215
Mortgage loans 0 10
Other investments 13 19
Investment collections    
Fixed income securities 1,047 980
Mortgage loans 312 659
Other investments 48 29
Investment purchases    
Fixed income securities (3,675) (1,541)
Equity securities (356) (689)
Limited partnership interests (270) (344)
Mortgage loans (469) (100)
Other investments (144) (63)
Change in short-term investments, net (125) 133
Change in policy loans and other investments, net (11) 64
Disposition of operations 10 345
Net cash provided by investing activities 491 1,717
Cash flows from financing activities    
Contractholder fund deposits 455 605
Contractholder fund withdrawals (1,126) (1,900)
Return of capital 0 (700)
Repayment of notes due to related parties 0 (7)
Net cash used in financing activities (671) (2,002)
Net (decrease) increase in cash (28) 28
Cash at beginning of period 146 93
Cash at end of period $ 118 $ 121