XML 45 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 493 $ 547
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization of deferred policy acquisition costs and present value of future profits 73 188
Increase (Decrease) in Deferred Policy Acquisition Costs (5) (12)
Realized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments (18) 594
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 28 0
Depreciation and amortization (7) (5)
Other, net 23 152
Change in assets and liabilities:    
Reserve for future policy benefits and unpaid losses and loss adjustment expenses 147 512
Reinsurance recoverables 24 (145)
Receivables and other assets 116 (15)
Payables and accruals (74) (767)
Increase (Decrease) in Deferred Income Taxes (35) (123)
Net Cash Provided by (Used in) Operating Activities 535 304
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 8,962 8,167
Fixed maturities, fair value option 57 339
Equity securities, available-for-sale 529 82
Mortgage loans 397 171
Proceeds from Limited Partnership Investments 168 85
Payments for the purchase of:    
Fixed maturities, available-for-sale 9,194 5,544
Fixed maturities, fair value option 40 217
Equity securities, available-for-sale 188 50
Mortgage loans 206 115
Payments to Acquire Limited Partnership Interests 109 74
Change in derivatives, net (12) 62
Payments for (Proceeds from) Policy Loans 12 (8)
Payments for (Proceeds from) Short-term Investments (1,090) 447
Other investing activities, net   (34)
Net Cash Provided by (Used in) Investing Activities 1,466 2,377
Financing Activities    
Deposits and other additions to investment and universal life-type contracts 3,673 3,660
Withdrawals and other deductions from investment and universal life-type contracts 12,780 17,328
Net transfers from separate accounts related to investment and universal life-type contracts 8,218 11,036
Net proceeds from securities loaned or sold under agreements to repurchase 113  
Payments of Capital Distribution (1,002) (275)
Net repayments at maturity or settlement of consumer notes (31) (13)
Net cash used for financing activities (1,809) (2,920)
Foreign exchange rate effect on cash 0 7
Cash, Period Increase (Decrease) 192 (232)
Cash - beginning of period 258 446
Cash - end of period 450 214
Supplemental Disclosure of Cash Flow Information    
Net cash received during the period for income taxes (15) 61
Other Significant Noncash Transaction, Value of Consideration Given $ 0 2
Reinsurance Loss on Dispositions [Member]    
Adjustments to reconcile net income to net cash provided by operating activities    
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal   $ 0