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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 319 $ 561 $ 526
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization and other non-cash items (64) (74) (86)
Realized capital gains and losses 77 (265) (143)
(Gain) loss on disposition of operations (5) (3) 68
Interest credited to contractholder funds 677 717 891
Changes in:      
Policy benefits and other insurance reserves (611) (559) (553)
Unearned premiums 0 0 (1)
Deferred policy acquisition costs 54 27 (1)
Reinsurance recoverables, net 30 16 (25)
Income taxes 135 27 121
Other operating assets and liabilities (117) (41) (134)
Net cash provided by operating activities 495 406 663
Proceeds from sales      
Fixed income securities 5,999 8,267 3,353
Equity securities 1,298 636 1,383
Limited partnership interests 371 481 521
Mortgage loans 0 6 10
Other investments 44 24 35
Investment collections      
Fixed income securities 2,085 1,993 1,909
Mortgage loans 363 446 1,027
Other investments 169 69 46
Investment purchases      
Fixed income securities (7,072) (8,272) (3,232)
Equity securities (1,234) (1,264) (1,612)
Limited partnership interests (677) (663) (711)
Mortgage loans (517) (615) (468)
Other investments (211) (220) (306)
Change in short-term investments, net (19) 77 79
Change in policy loans and other investments, net (26) (39) 60
Disposition of operations 0 20 345
Net cash provided by investing activities 573 946 2,439
Cash flows from financing activities      
Contractholder fund deposits 854 901 1,065
Contractholder fund withdrawals (2,028) (2,278) (3,407)
Proceeds from issuance of notes to related parties 140 0 0
Dividends paid 0 (17) 0
Return of capital 0 0 (700)
Repayment of notes due to related parties 0 0 (7)
Net cash used in financing activities (1,034) (1,394) (3,049)
Net increase (decrease) in cash 34 (42) 53
Cash at beginning of year 104 146 93
Cash at end of year $ 138 $ 104 $ 146