XML 21 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Taxes Paid, Net $ 210 $ (80) $ 187
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase 268 264  
Proceeds from Limited Partnership Investments 395 252 152
Payments to Acquire Limited Partnership Interests 151 199 104
Other Significant Noncash Transaction, Value of Consideration Given 0 0 4
Operating Activities      
Net Cash Provided by (Used in) Operating Activities 784 682 669
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 282 500 677
Realized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments (163) (146) 577
Adjustments to reconcile net income to net cash provided by operating activities      
Amortization of deferred policy acquisition costs (114) (69) (206)
Additions to deferred policy acquisition costs and present value of future profits (7) (7) (14)
Change in reserve for future policy benefits and unpaid losses and loss adjustment expenses and unearned premiums 111 276 586
Change in reinsurance recoverables 117 (14) 170
Increase (Decrease) in Other Operating Assets and Liabilities, Net (316) (222) (912)
Change in accrued and deferred income taxes 278 (62) 302
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 0 28 23
Depreciation and amortization (accretion), net 9 (14) 6
Other Operating Activities, Cash Flow Statement 33 38 248
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities, available-for-sale 10,152 11,465 10,333
Fixed maturities, fair value option 68 107 358
Equity securities, available-for-sale 321 586 107
Mortgage loans 371 467 377
Payments for the purchase of:      
Fixed maturities and short-term investments, available-for-sale (8,889) (11,755) (7,385)
Fixed maturities, fair value option (29) (67) (217)
Equity securities, available-for-sale (58) (535) (363)
Mortgage loans (263) (282) (146)
Net payments for derivatives (261) (167) (66)
Net increase (decrease) in policy loans 2 (31) (14)
Payments for (Proceeds from) Short-term Investments (769) 1,604 (556)
Other investing activities, net (25) 1 34
Net cash provided by investing activities 864 1,446 2,510
Financing Activities      
Deposits and other additions to investment and universal life-type contracts 4,162 4,674 4,567
Withdrawals and other deductions from investment and universal life-type contracts 14,871 16,972 21,810
Net Change Contract Holders Funds 9,811 10,987 14,167
Return of capital to parent 752 1,001 275
Net repayments at maturity or settlement of consumer notes (17) (33) (13)
Net cash used for financing activities (1,399) (2,081) (3,364)
Foreign exchange rate effect on cash 0 0 (3)
Cash, Period Increase (Decrease) 249 47 (188)
Cash — beginning of year 305 258 446
Cash — end of year $ 554 $ 305 $ 258