XML 22 R6.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
Cash Flows from Operating Activities      
Net income (loss) $ 1,192 $ 1,154 $ 1,515
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 143 (119) (517)
Trading securities purchases, sales and maturities, net 168 146 309
Change in premiums and fees receivable (54) 97 (53)
Change in accrued investment income 8 (21) (20)
Change in future contract benefits and other contract holder funds (1,024) 991 524
Change in reinsurance related assets and liabilities 226 (252) (9)
Change in federal income tax accruals 69 61 229
Realized (gain) loss 339 151  
Amortization of deferred gain on business sold through reinsurance (73) (74) (74)
Proceeds From Reinsurance Recapture     422
Other 278 109 200
Net cash provided by (used in) operating activities 1,272 2,243 2,526
Cash Flows from Investing Activities      
Purchases of available-for-sale securities (11,113) (9,429) (8,636)
Sales of available-for-sale securities 2,959 1,351 1,118
Maturities of available-for-sale securities 5,364 4,408 5,212
Purchases of alternative investments (302) (324) (370)
Sales and repayments of alternative investments 238 177 238
Issuance of mortgage loans on real estate (2,155) (1,959) (1,374)
Repayment and maturities of mortgage loans on real estate 942 853 1,009
Issuance and repayment of policy loans, net 92 125 8
Net change in collateral on investments and derivatives 415 578 1,052
Proceeds from sale of subsidiary/business   75  
Other (106) (78) (62)
Net cash provided by (used in) investing activities (3,666) (4,223) (1,805)
Cash Flows from Financing Activities      
Payment of long-term debt, including current maturities (600) (250) (500)
Issuance of long-term debt, net of issuance costs 395 298  
Payment related to early extinguishment of debt (59)    
Proceeds from sales leaseback transaction 85 47 83
Deposits of fixed account values, including the fixed portion of variable 10,053 10,769 10,388
Withdrawals of fixed account values, including the fixed portion of variable (5,505) (6,126) (5,840)
Transfers to and from separate accounts, net (1,308) (2,474) (2,509)
Common stock issued for benefit plans and excess tax benefits 26 47 32
Repurchase of common stock (879) (900) (650)
Dividends paid to common stockholders (238) (204) (170)
Net cash provided by (used in) financing activities 1,970 1,207 834
Net increase (decrease) in cash and invested cash (424) (773) 1,555
Cash and invested cash as of beginning-of-year 3,146 3,919 2,364
Cash and invested cash as of end-of-year $ 2,722 $ 3,146 $ 3,919