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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income (loss) $ 208 $ 300
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Deferred acquisition costs, value of business acquired, deferred sales inducements and deferred front-end loads deferrals and interest, net of amortization 5 (42)
Trading securities purchases, sales and maturities, net 28 12
Change in premiums and fees receivable (25) 21
Change in accrued investment income (38) (80)
Change in future contract benefits and other contract holder funds 262 162
Change in reinsurance related assets and liabilities (286) (178)
Change in federal income tax accruals (38) (28)
Realized (gain) loss 114 48
Amortization of deferred gain on business sold through reinsurance (18) (18)
Other 83 99
Net cash provided by (used in) operating activities 295 296
Cash Flows from Investing Activities    
Purchases of available-for-sale securities (3,291) (2,629)
Sales of available-for-sale securities 1,502 142
Maturities of available-for-sale securities 1,269 1,041
Purchases of other investments (5,230) (3,646)
Sales or maturities of other investments 4,713 3,455
Increase (decrease) in payables for collateral on investments 357 634
Other (27) (32)
Net cash provided by (used in) investing activities (707) (1,035)
Cash Flows from Financing Activities    
Issuance of long-term debt, net of issuance costs   298
Deposits of fixed account values, including the fixed portion of variable 2,672 2,464
Withdrawals of fixed account values, including the fixed portion of variable (1,413) (1,408)
Transfers to and from separate accounts, net (549) (657)
Common stock issued for benefit plans and excess tax benefits (7) 12
Repurchase of common stock (200) (350)
Dividends paid to common stockholders (60) (52)
Net cash provided by (used in) financing activities 443 307
Net increase (decrease) in cash and invested cash 31 (432)
Cash and invested cash as of beginning-of-year 3,146 3,919
Cash and invested cash as of end-of-year $ 3,177 $ 3,487