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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 1,651 $ 1,274
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 248 238
Realized capital gains and losses 159 (215)
Gain on disposition of operations (3) (14)
Interest credited to contractholder funds 326 348
Changes in:    
Policy benefits and other insurance reserves (22) 228
Unearned premiums 211 34
Deferred policy acquisition costs (80) (65)
Premium installment receivables, net (185) (51)
Reinsurance recoverables, net (9) 6
Income taxes (257) (42)
Other operating assets and liabilities 51 (393)
Net cash provided by operating activities 2,090 1,348
Proceeds from sales    
Fixed income securities 19,515 14,521
Equity securities 3,576 3,430
Limited partnership interests 182 481
Other investments 135 118
Investment collections    
Fixed income securities 1,442 2,063
Mortgage loans 315 305
Other investments 235 337
Investment purchases    
Fixed income securities (20,401) (17,214)
Equity securities (3,901) (3,473)
Limited partnership interests (873) (578)
Mortgage loans (316) (148)
Other investments (535) (532)
Change in short-term investments, net (512) 2,142
Change in other investments, net (35) 107
Purchases of property and equipment, net (128) (146)
Acquisition of operations (10) (1,356)
Net cash (used in) provided by investing activities (1,311) 57
Cash flows from financing activities    
Proceeds from issuance of long-term debt 498 0
Redemption and repayment of long-term debt (401) 0
Proceeds from issuance of preferred stock 557 0
Contractholder fund deposits 506 515
Contractholder fund withdrawals (997) (957)
Dividends paid on common stock (295) (257)
Dividends paid on preferred stock (58) (58)
Treasury stock purchases (838) (657)
Shares reissued under equity incentive plans, net 28 108
Other 93 (53)
Net cash used in financing activities (907) (1,359)
Net (decrease) increase in cash (128) 46
Cash at beginning of period 617 436
Cash at end of period $ 489 $ 482