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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 417 $ 346
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and other non-cash items (44) (49)
Realized capital gains and losses (24) (14)
Gain on disposition of operations (4) (5)
Interest credited to contractholder funds 450 483
Changes in:    
Policy benefits and other insurance reserves (472) (425)
Deferred policy acquisition costs 55 27
Reinsurance recoverables, net 51 45
Income taxes (51) 156
Other operating assets and liabilities 69 (185)
Net cash provided by operating activities 447 379
Proceeds from sales    
Fixed income securities 4,057 3,319
Equity securities 1,114 1,062
Limited partnership interests 223 347
Other investments 16 7
Investment collections    
Fixed income securities 1,077 1,226
Mortgage loans 349 450
Other investments 137 140
Investment purchases    
Fixed income securities (4,470) (3,529)
Equity securities (919) (1,028)
Limited partnership interests (426) (479)
Mortgage loans (395) (246)
Other investments (201) (162)
Change in short-term investments, net (124) (79)
Change in policy loans and other investments, net (46) (32)
Net cash provided by investing activities 392 996
Cash flows from financing activities    
Contractholder fund deposits 577 605
Contractholder fund withdrawals (1,418) (1,362)
Dividends paid (100) (500)
Other 28 (14)
Net cash used in financing activities (913) (1,271)
Net (decrease) increase in cash (74) 104
Cash at beginning of period 145 138
Cash at end of period $ 71 $ 242