XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 695 $ 246
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 119 91
Realized capital gains and losses (134) 149
Gain on disposition of operations (2) (2)
Interest credited to contractholder funds 173 190
Changes in:    
Policy benefits and other insurance reserves 183 459
Unearned premiums (248) (205)
Deferred policy acquisition costs 14 (7)
Premium installment receivables, net (19) 11
Reinsurance recoverables, net 11 (40)
Income taxes 284 (26)
Other operating assets and liabilities (219) (152)
Net cash provided by operating activities 857 714
Proceeds from sales    
Fixed income securities 7,083 6,216
Equity securities 2,601 1,664
Limited partnership interests 210 180
Other investments 24 94
Investment collections    
Fixed income securities 1,029 949
Mortgage loans 223 79
Other investments 174 43
Investment purchases    
Fixed income securities (8,800) (5,401)
Equity securities (2,383) (1,733)
Limited partnership interests (268) (270)
Mortgage loans (86) (44)
Other investments (219) (253)
Change in short-term investments, net 1,572 (1,357)
Change in other investments, net (10) (19)
Purchases of property and equipment, net (74) (52)
Acquisition of operations (1,356) 0
Net cash (used in) provided by investing activities (280) 96
Cash flows from financing activities    
Repayments of long-term debt 0 (16)
Contractholder fund deposits 257 261
Contractholder fund withdrawals (483) (492)
Dividends paid on common stock (122) (115)
Dividends paid on preferred stock (29) (29)
Treasury stock purchases (264) (456)
Shares reissued under equity incentive plans, net 67 30
Excess tax benefits on share-based payment arrangements 0 12
Other 3 31
Net cash used in financing activities (571) (774)
Net increase in cash 6 36
Cash at beginning of period 436 495
Cash at end of period $ 442 $ 531