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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income $ 1,682 $ 2,026
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 275 277
Realized capital gains and losses (280) (588)
Loss on extinguishment of debt 0 1
(Gain) loss on disposition of operations (2) 77
Interest credited to contractholder funds 578 717
Changes in:    
Policy benefits and other insurance reserves 500 50
Unearned premiums 762 822
Deferred policy acquisition costs (219) (189)
Premium installment receivables, net (290) (386)
Reinsurance recoverables, net (133) (110)
Income taxes (60) 175
Other operating assets and liabilities (127) (307)
Net cash provided by operating activities 2,686 2,565
Proceeds from sales    
Fixed income securities 22,796 27,648
Equity securities 2,688 5,263
Limited partnership interests 795 1,084
Mortgage loans 6 10
Other investments 178 292
Investment collections    
Fixed income securities 3,248 2,787
Mortgage loans 305 868
Other investments 254 158
Investment purchases    
Fixed income securities (22,928) (30,650)
Equity securities (3,238) (4,208)
Limited partnership interests (930) (892)
Mortgage loans (524) (218)
Other investments (743) (652)
Change in short-term investments, net (577) 265
Change in other investments, net (16) 58
Purchases of property and equipment, net (219) (207)
Disposition of operations 0 378
Net cash provided by investing activities 1,095 1,984
Cash flows from financing activities    
Repayments of long-term debt (20) (1,006)
Proceeds from issuance of preferred stock 0 965
Contractholder fund deposits 784 926
Contractholder fund withdrawals (1,793) (2,831)
Dividends paid on common stock (365) (360)
Dividends paid on preferred stock (87) (56)
Treasury stock purchases (2,216) (2,189)
Shares reissued under equity incentive plans, net 121 204
Excess tax benefits on share-based payment arrangements 44 22
Other (1) (14)
Net cash used in financing activities (3,533) (4,339)
Net increase in cash 248 210
Cash at beginning of period 657 675
Cash at end of period $ 905 $ 885