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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 90 $ 86
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (16) (18)
Realized capital gains and losses 32 1
Gain on disposition of operations (1) (2)
Interest credited to contractholder funds 148 161
Changes in:    
Policy benefits and other insurance reserves (178) (143)
Deferred policy acquisition costs 15 12
Reinsurance recoverables, net 10 18
Income taxes 10 32
Other operating assets and liabilities (83) (18)
Net cash provided by operating activities 27 129
Proceeds from sales    
Fixed income securities 1,679 1,346
Equity securities 267 616
Limited partnership interests 23 87
Other investments 1 3
Investment collections    
Fixed income securities 267 495
Mortgage loans 42 202
Other investments 34 31
Investment purchases    
Fixed income securities (1,594) (1,269)
Equity securities (167) (624)
Limited partnership interests (138) (129)
Mortgage loans (154) (86)
Other investments (99) (40)
Change in short-term investments, net 64 (205)
Change in policy loans and other investments, net (19) (13)
Net cash provided by investing activities 206 414
Cash flows from financing activities    
Contractholder fund deposits 194 204
Contractholder fund withdrawals (472) (468)
Dividends paid 0 (300)
Net cash used in financing activities (278) (564)
Net decrease in cash (45) (21)
Cash at beginning of period 145 138
Cash at end of period $ 100 $ 117