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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 517 $ 1,032
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 188 179
Realized capital gains and losses 125 (247)
Gain on disposition of operations (3) 0
Interest credited to contractholder funds 375 384
Changes in:    
Policy benefits and other insurance reserves 577 526
Unearned premiums 62 244
Deferred policy acquisition costs (72) (132)
Premium installment receivables, net (27) (158)
Reinsurance recoverables, net (120) (144)
Income taxes (176) (283)
Other operating assets and liabilities (88) (98)
Net cash provided by operating activities 1,358 1,303
Proceeds from sales    
Fixed income securities 12,589 16,012
Equity securities 2,487 2,074
Limited partnership interests 363 591
Other investments 144 132
Investment collections    
Fixed income securities 2,138 2,243
Mortgage loans 150 357
Other investments 168 177
Investment purchases    
Fixed income securities (12,947) (16,482)
Equity securities (2,672) (1,920)
Limited partnership interests (703) (563)
Mortgage loans (264) (509)
Other investments (449) (518)
Change in short-term investments, net (669) (391)
Change in other investments, net (39) (16)
Purchases of property and equipment, net (120) (133)
Net cash provided by investing activities 176 1,054
Cash flows from financing activities    
Repayments of long-term debt (16) (9)
Contractholder fund deposits 522 527
Contractholder fund withdrawals (1,013) (1,152)
Dividends paid on common stock (240) (243)
Dividends paid on preferred stock (58) (58)
Treasury stock purchases (904) (1,424)
Shares reissued under equity incentive plans, net 72 109
Excess tax benefits on share-based payment arrangements 20 43
Other 34 (2)
Net cash used in financing activities (1,583) (2,209)
Net (decrease) increase in cash (49) 148
Cash at beginning of period 495 657
Cash at end of period $ 446 $ 805