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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 86 $ 52
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (18) (17)
Realized capital gains and losses 1 46
Gain on disposition of operations (2) (2)
Interest credited to contractholder funds 161 178
Changes in:    
Policy benefits and other insurance reserves (143) (169)
Deferred policy acquisition costs 12 15
Reinsurance recoverables, net 18 14
Income taxes 32 13
Other operating assets and liabilities (18) 85
Net cash provided by operating activities 129 215
Proceeds from sales    
Fixed income securities 1,346 2,011
Equity securities 616 382
Limited partnership interests 87 86
Other investments 3 28
Investment collections    
Fixed income securities 495 458
Mortgage loans 202 76
Other investments 31 20
Investment purchases    
Fixed income securities (1,269) (1,815)
Equity securities (624) (216)
Limited partnership interests (129) (132)
Mortgage loans (86) (44)
Other investments (40) (67)
Change in short-term investments, net (205) (696)
Change in policy loans and other investments, net (13) (6)
Net cash provided by investing activities 414 85
Cash flows from financing activities    
Contractholder fund deposits 204 214
Contractholder fund withdrawals (468) (477)
Dividends paid (300) 0
Net cash used in financing activities (564) (263)
Net (decrease) increase in cash (21) 37
Cash at beginning of period 138 104
Cash at end of period $ 117 $ 141