XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 346 $ 211
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (49) (48)
Realized capital gains and losses (14) 66
Gain on disposition of operations (5) (4)
Interest credited to contractholder funds 483 520
Changes in:    
Policy benefits and other insurance reserves (425) (454)
Deferred policy acquisition costs 27 37
Reinsurance recoverables, net 45 25
Income taxes 156 108
Other operating assets and liabilities (185) (72)
Net cash provided by operating activities 379 389
Proceeds from sales    
Fixed income securities 3,319 5,116
Equity securities 1,062 842
Limited partnership interests 347 247
Other investments 7 37
Investment collections    
Fixed income securities 1,226 1,569
Mortgage loans 450 280
Other investments 140 107
Investment purchases    
Fixed income securities (3,529) (5,771)
Equity securities (1,028) (841)
Limited partnership interests (479) (523)
Mortgage loans (246) (353)
Other investments (162) (148)
Change in short-term investments, net (79) (52)
Change in policy loans and other investments, net (32) (37)
Net cash provided by investing activities 996 473
Cash flows from financing activities    
Contractholder fund deposits 605 641
Contractholder fund withdrawals (1,362) (1,492)
Dividends paid (500) 0
Other (14) 0
Net cash used in financing activities (1,271) (851)
Net increase in cash 104 11
Cash at beginning of period 138 104
Cash at end of period $ 242 $ 115