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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 52 $ 153
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (17) (21)
Realized capital gains and losses 46 (111)
(Gain) loss on disposition of operations (2) 2
Interest credited to contractholder funds 178 191
Changes in:    
Policy benefits and other insurance reserves (169) (150)
Deferred policy acquisition costs 15 2
Reinsurance recoverables, net 14 6
Income taxes 13 (1)
Other operating assets and liabilities 85 21
Net cash provided by operating activities 215 92
Proceeds from sales    
Fixed income securities 2,011 2,082
Equity securities 382 201
Limited partnership interests 86 109
Other investments 28 5
Investment collections    
Fixed income securities 458 618
Mortgage loans 76 74
Other investments 20 13
Investment purchases    
Fixed income securities (1,815) (2,131)
Equity securities (216) (254)
Limited partnership interests (132) (176)
Mortgage loans (44) (182)
Other investments (67) (49)
Change in short-term investments, net (696) 16
Change in policy loans and other investments, net (6) 1
Disposition of operations 0 10
Net cash provided by investing activities 85 337
Cash flows from financing activities    
Contractholder fund deposits 214 233
Contractholder fund withdrawals (477) (564)
Net cash used in financing activities (263) (331)
Net increase in cash 37 98
Cash at beginning of period 104 146
Cash at end of period $ 141 $ 244