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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 206 $ 146
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (30) (31)
Realized capital gains and losses 5 47
Gain on disposition of operations (4) (3)
Interest credited to contractholder funds 322 350
Changes in:    
Policy benefits and other insurance reserves (278) (324)
Deferred policy acquisition costs 24 31
Reinsurance recoverables, net 18 13
Income taxes 85 48
Other operating assets and liabilities (133) (35)
Net cash provided by operating activities 215 242
Proceeds from sales    
Fixed income securities 2,564 3,984
Equity securities 828 608
Limited partnership interests 240 168
Other investments 6 33
Investment collections    
Fixed income securities 860 1,051
Mortgage loans 281 143
Other investments 89 59
Investment purchases    
Fixed income securities (2,683) (4,054)
Equity securities (815) (624)
Limited partnership interests (275) (339)
Mortgage loans (129) (234)
Other investments (116) (109)
Change in short-term investments, net 56 (309)
Change in policy loans and other investments, net (13) (25)
Net cash provided by investing activities 893 352
Cash flows from financing activities    
Contractholder fund deposits 408 425
Contractholder fund withdrawals (925) (982)
Dividends paid (500) 0
Other (21) 0
Net cash used in financing activities (1,038) (557)
Net increase in cash 70 37
Cash at beginning of period 138 104
Cash at end of period $ 208 $ 141