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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 164 $ 90
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (18) (16)
Realized capital gains and losses (148) 32
Gain on disposition of operations (1) (1)
Interest credited to contractholder funds 148 148
Changes in:    
Policy benefits and other insurance reserves (164) (178)
Deferred policy acquisition costs 18 15
Reinsurance recoverables, net 27 10
Income taxes 26 10
Other operating assets and liabilities 47 (83)
Net cash provided by operating activities 99 27
Proceeds from sales    
Fixed income securities 1,081 1,679
Equity securities 256 267
Limited partnership interests 128 23
Other investments 13 1
Investment collections    
Fixed income securities 282 267
Mortgage loans 70 42
Other investments 27 34
Investment purchases    
Fixed income securities (983) (1,594)
Equity securities (75) (167)
Limited partnership interests (112) (138)
Mortgage loans (109) (154)
Other investments (28) (99)
Change in short-term investments, net (384) 64
Change in policy loans and other investments, net (13) (19)
Net cash provided by investing activities 153 206
Cash flows from financing activities    
Contractholder fund deposits 192 194
Contractholder fund withdrawals (442) (472)
Net cash used in financing activities (250) (278)
Net increase (decrease) in cash 2 (45)
Cash at beginning of period 52 145
Cash at end of period $ 54 $ 100