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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net income (loss) $ 294 $ 980 $ (485)
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization (252) (246) (316)
Trading securities purchases, sales and maturities, net 88 47 (3)
Change in premiums and fees receivable (73) (14) 128
Change in accrued investment income (48) (44) (75)
Change in future contract benefits and other contract holder funds 125 643 (463)
Change in reinsurance related assets and liabilities (66) 22 77
Change in federal income tax accruals 338 414 9
Realized (gain) loss 299 77 1,146
Equity in (income) loss of subsidiaries greater than distributions (90) (93) 55
(Gain) loss on early extinguishment of debt 8 5 (64)
Amortization of deferred gain on business sold through reinsurance (75) (75) (76)
Impairment of intangibles 747 0 730
(Gain) loss on disposal of discontinued operations 3 (66) 219
Other (21) 70 55
Net cash provided by (used in) operating activities 1,277 1,720 937
Cash Flows from Investing Activities      
Purchases of available-for-sale securities (10,702) (13,057) (13,532)
Sales of available-for-sale securities 1,497 3,118 3,818
Maturities of available-for-sale securities 5,324 4,652 3,330
Purchases of other investments (3,282) (3,581) (4,261)
Sales or maturities of other investments 3,094 3,239 4,340
Increase (decrease) in payables for collateral on investments 2,074 (248) (1,799)
Proceeds from sale of subsidiaries/businesses, net of cash disposed 0 321 327
Other (130) (74) (75)
Net cash provided by (used in) investing activities (2,125) (5,630) (7,852)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities (525) (405) (522)
Issuance of long-term debt, net of issuance costs 298 749 788
Increase (decrease) in commercial paper, net (100) 1 (216)
Deposits of fixed account values, including the fixed portion of variable 10,953 11,080 11,378
Withdrawals of fixed account values, including the fixed portion of variable (5,050) (5,305) (5,530)
Transfers to and from separate accounts, net (2,325) (2,957) (2,248)
Common stock issued for benefit plans and excess tax benefits 3 1 0
Issuance (redemption) of Series B preferred stock and issuance (repurchase and cancellation) of associated common stock warrants 0 (998) 950
Issuance of common stock 0 368 652
Repurchase of common stock (576) (25) 0
Dividends paid to common and preferred stockholders (61) (42) (79)
Net cash provided by (used in) financing activities 2,617 2,467 5,173
Net increase (decrease) in cash and invested cash 1,769 (1,443) (1,742)
Cash and invested cash, including discontinued operations, as of beginning-of-year 2,741 4,184 5,926
Cash and invested cash, including discontinued operations, as of end-of-year $ 4,510 $ 2,741 $ 4,184