XML 109 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Activities      
Net income (loss) $ 556 $ 244 $ 707
Adjustments to reconcile net income(loss) to net cash provided by operating activities      
Amortization of deferred policy acquisition costs and present value of future profits 359 474 178
Additions to deferred policy acquisition costs and present value of future profits (329) (381) (381)
Change in reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums (44) 252 13
Change in reinsurance recoverables (47) 57 26
Change in receivables and other assets 158 9 (112)
Change in payables and accruals (1,035) 2,402 295
Change in accrued and deferred income taxes 392 (125) (131)
Net realized capital losses 1,413 1 882
Net receipts (disbursements) from investment contracts related to policyholder funds – international unit-linked bonds and pension products (92) (323) (167)
Net (increase) decrease in equity securities, trading 120 312 164
Goodwill impairment 149 0 0
Depreciation and amortization 164 194 207
Reinsurance loss on disposition (including goodwill impairment of $61) 61 0 0
Other, net 202 (108) 201
Net cash provided by operating activities 2,027 3,008 1,882
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities and short-term investments, available-for-sale 25,163 19,203 28,581
Fixed maturities, fair value option 283 37 20
Equity securities, available-for-sale 133 147 171
Mortgage loans 306 332 1,288
Partnerships 110 128 151
Payments for the purchase of:      
Fixed maturities and short-term investments, available-for-sale (23,949) (20,517) (28,871)
Fixed maturities, fair value option (182) (661) (74)
Equity securities, available-for-sale (97) (230) (122)
Mortgage loans (1,056) (1,246) (189)
Partnerships (417) (436) (172)
Proceeds from business sold 58    241
Change in derivatives, net (2,275) 938 (644)
Change in policy loans, net 1 176 (8)
Change in payables for collateral under securities lending, net 0 0 (46)
Change in all other, net    1 (117)
Net cash provided by (used for) investing activities (1,922) (2,128) 209
Financing Activities      
Deposits and other additions to investment and universal life-type contracts 10,004 12,124 15,405
Withdrawals and other deductions from investment and universal life-type contracts (24,608) (22,720) (25,030)
Net transfers from (to) separate accounts related to investment and universal life-type contracts 13,196 10,439 8,211
Net increase in securities loaned or sold under agreements to repurchase 1,615      
Capital contributions (to) from parent       (195)
Net repayments at maturity or settlement of consumer notes (153) (68) (754)
Net cash used for financing activities 54 (225) (2,363)
Foreign exchange rate effect on cash 0 (3) 10
Net increase (decrease) in cash 159 652 (262)
Cash — beginning of year 1,183 531 793
Cash — end of year 1,342 1,183 531
Supplemental Disclosure of Cash Flow Information:      
Net cash paid (received) during the year for income taxes (395) (105) 354
Noncash return of capital (126) 0 0
Supplemental Disclosure of Non-Cash Investing Activity      
Conversion of fixed maturities, available-for-sale to equity securities, available-for-sale $ 43 $ 0 $ 0