XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 321 $ 224
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (33) (30)
Realized capital gains and losses (194) 24
Gain on disposition of operations (3) (3)
Interest credited to contractholder funds 291 300
Changes in:    
Policy benefits and other insurance reserves (342) (319)
Deferred policy acquisition costs 35 34
Reinsurance recoverables, net 73 24
Income taxes (15) (8)
Other operating assets and liabilities 36 (36)
Net cash provided by operating activities 169 210
Proceeds from sales    
Fixed income securities 2,080 3,087
Equity securities 387 663
Limited partnership interests 195 86
Other investments 47 10
Investment collections    
Fixed income securities 630 687
Mortgage loans 231 308
Other investments 44 78
Investment purchases    
Fixed income securities (2,122) (2,887)
Equity securities (257) (757)
Limited partnership interests (215) (271)
Mortgage loans (280) (269)
Other investments (74) (156)
Change in short-term investments, net (262) (302)
Change in policy loans and other investments, net (7) (25)
Net cash provided by investing activities 397 252
Cash flows from financing activities    
Contractholder fund deposits 378 386
Contractholder fund withdrawals (841) (960)
Dividends paid (75) 0
Other 0 28
Net cash used in financing activities (538) (546)
Net increase (decrease) in cash 28 (84)
Cash at beginning of period 52 145
Cash at end of period $ 80 $ 61