XML 25 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 1,274 $ 517
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 238 188
Realized capital gains and losses (215) 125
Gain on disposition of operations (14) (3)
Interest credited to contractholder funds 348 375
Changes in:    
Policy benefits and other insurance reserves 228 577
Unearned premiums 34 62
Deferred policy acquisition costs (65) (72)
Premium installment receivables, net (51) (27)
Reinsurance recoverables, net 6 (120)
Income taxes (42) (176)
Other operating assets and liabilities (393) (88)
Net cash provided by operating activities 1,348 1,358
Proceeds from sales    
Fixed income securities 14,521 12,589
Equity securities 3,430 2,487
Limited partnership interests 481 363
Other investments 118 144
Investment collections    
Fixed income securities 2,063 2,138
Mortgage loans 305 150
Other investments 337 168
Investment purchases    
Fixed income securities (17,214) (12,947)
Equity securities (3,473) (2,672)
Limited partnership interests (578) (703)
Mortgage loans (148) (264)
Other investments (532) (449)
Change in short-term investments, net 2,142 (669)
Change in other investments, net 107 (39)
Purchases of property and equipment, net (146) (120)
Acquisition of operations (1,356) 0
Net cash provided by investing activities 57 176
Cash flows from financing activities    
Repayments of long-term debt 0 (16)
Contractholder fund deposits 515 522
Contractholder fund withdrawals (957) (1,013)
Dividends paid on common stock (257) (240)
Dividends paid on preferred stock (58) (58)
Treasury stock purchases (657) (904)
Shares reissued under equity incentive plans, net 108 72
Excess tax benefits on share-based payment arrangements 0 20
Other (53) 34
Net cash used in financing activities (1,359) (1,583)
Net increase (decrease) in cash 46 (49)
Cash at beginning of period 436 495
Cash at end of period $ 482 $ 446