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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 224 $ 206
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (30) (30)
Realized capital gains and losses 24 5
Gain on disposition of operations (3) (4)
Interest credited to contractholder funds 300 322
Changes in:    
Policy benefits and other insurance reserves (319) (278)
Deferred policy acquisition costs 34 24
Reinsurance recoverables, net 24 18
Income taxes (8) 85
Other operating assets and liabilities (36) (133)
Net cash provided by operating activities 210 215
Proceeds from sales    
Fixed income securities 3,087 2,564
Equity securities 663 828
Limited partnership interests 86 240
Other investments 10 6
Investment collections    
Fixed income securities 687 860
Mortgage loans 308 281
Other investments 78 89
Investment purchases    
Fixed income securities (2,887) (2,683)
Equity securities (757) (815)
Limited partnership interests (271) (275)
Mortgage loans (269) (129)
Other investments (156) (116)
Change in short-term investments, net (302) 56
Change in policy loans and other investments, net (25) (13)
Net cash provided by investing activities 252 893
Cash flows from financing activities    
Contractholder fund deposits 386 408
Contractholder fund withdrawals (960) (925)
Dividends paid 0 (500)
Other 28 (21)
Net cash used in financing activities (546) (1,038)
Net (decrease) increase in cash (84) 70
Cash at beginning of period 145 138
Cash at end of period $ 61 $ 208