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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 146 $ 303
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (31) (40)
Realized capital gains and losses 47 (170)
Gain on disposition of operations (3) 0
Interest credited to contractholder funds 350 365
Changes in:    
Policy benefits and other insurance reserves (324) (295)
Deferred policy acquisition costs 31 1
Reinsurance recoverables, net 13 22
Income taxes 48 (9)
Other operating assets and liabilities (35) (25)
Net cash provided by operating activities 242 152
Proceeds from sales    
Fixed income securities 3,984 3,452
Equity securities 608 418
Limited partnership interests 168 241
Other investments 33 13
Investment collections    
Fixed income securities 1,051 1,047
Mortgage loans 143 312
Other investments 59 48
Investment purchases    
Fixed income securities (4,054) (3,675)
Equity securities (624) (356)
Limited partnership interests (339) (270)
Mortgage loans (234) (469)
Other investments (109) (144)
Change in short-term investments, net (309) (125)
Change in policy loans and other investments, net (25) (11)
Disposition of operations 0 10
Net cash provided by investing activities 352 491
Cash flows from financing activities    
Contractholder fund deposits 425 455
Contractholder fund withdrawals (982) (1,126)
Net cash used in financing activities (557) (671)
Net increase (decrease) in cash 37 (28)
Cash at beginning of period 104 146
Cash at end of period $ 141 $ 118