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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income $ 542 $ 343
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (58) (63)
Realized capital gains and losses (359) (18)
(Gain) loss on disposition of operations (2) 71
Interest credited to contractholder funds 546 696
Changes in:    
Policy benefits and other insurance reserves (422) (452)
Unearned premiums 0 (1)
Deferred policy acquisition costs 20 4
Reinsurance recoverables, net 17 (6)
Income taxes 128 61
Other operating assets and liabilities (31) (179)
Net cash provided by operating activities 381 456
Proceeds from sales    
Fixed income securities 6,758 2,486
Equity securities 511 326
Limited partnership interests 349 358
Mortgage loans 6 9
Other investments 18 25
Investment collections    
Fixed income securities 1,448 1,485
Mortgage loans 257 795
Other investments 59 37
Investment purchases    
Fixed income securities (6,308) (2,026)
Equity securities (1,045) (846)
Limited partnership interests (481) (482)
Mortgage loans (475) (194)
Other investments (204) (195)
Change in short-term investments, net (88) 140
Change in policy loans and other investments, net (17) 54
Disposition of operations 10 345
Net cash provided by investing activities 798 2,317
Cash flows from financing activities    
Contractholder fund deposits 674 832
Contractholder fund withdrawals (1,755) (2,800)
Dividends paid (17) 0
Return of capital 0 (700)
Repayment of notes due to related parties 0 (7)
Net cash used in financing activities (1,098) (2,675)
Net increase in cash 81 98
Cash at beginning of period 146 93
Cash at end of period $ 227 $ 191