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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 401 $ 417
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (49) (44)
Realized capital gains and losses (219) (24)
Gain on disposition of operations (3) (4)
Interest credited to contractholder funds 445 450
Changes in:    
Policy benefits and other insurance reserves (495) (472)
Deferred policy acquisition costs 94 55
Reinsurance recoverables, net 77 51
Income taxes (16) (51)
Other operating assets and liabilities 20 69
Net cash provided by operating activities 255 447
Proceeds from sales    
Fixed income securities 3,021 4,057
Equity securities 853 1,114
Limited partnership interests 258 223
Other investments 55 16
Investment collections    
Fixed income securities 964 1,077
Mortgage loans 364 349
Other investments 58 137
Investment purchases    
Fixed income securities (3,284) (4,470)
Equity securities (540) (919)
Limited partnership interests (298) (426)
Mortgage loans (381) (395)
Other investments (96) (201)
Change in short-term investments, net (467) (124)
Change in policy loans and other investments, net (23) (46)
Net cash provided by investing activities 484 392
Cash flows from financing activities    
Contractholder fund deposits 565 577
Contractholder fund withdrawals (1,231) (1,418)
Dividends paid (75) (100)
Other 0 28
Net cash used in financing activities (741) (913)
Net decrease in cash (2) (74)
Cash at beginning of period 52 145
Cash at end of period $ 50 $ 71