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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 2,521 $ 1,940
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 376 358
Realized capital gains and losses (17) (318)
Gain on disposition of operations (4) (15)
Interest credited to contractholder funds 489 522
Changes in:    
Policy benefits and other insurance reserves 90 1,276
Unearned premiums 785 525
Deferred policy acquisition costs (203) (176)
Premium installment receivables, net (422) (267)
Reinsurance recoverables, net (103) (1,017)
Income taxes (227) 119
Other operating assets and liabilities 533 267
Net cash provided by operating activities 3,818 3,214
Proceeds from sales    
Fixed income securities 26,223 19,508
Equity securities 4,637 5,179
Limited partnership interests 490 767
Other investments 234 170
Investment collections    
Fixed income securities 2,388 3,038
Mortgage loans 378 477
Other investments 370 458
Investment purchases    
Fixed income securities (29,049) (23,935)
Equity securities (4,791) (5,296)
Limited partnership interests (1,317) (1,082)
Mortgage loans (435) (311)
Other investments (686) (700)
Change in short-term investments, net (665) 2,257
Change in other investments, net (28) (28)
Purchases of property and equipment, net (195) (216)
Acquisition of operations (10) (1,356)
Net cash used in investing activities (2,456) (1,070)
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 756 767
Contractholder fund withdrawals (1,474) (1,416)
Dividends paid on common stock (455) (391)
Dividends paid on preferred stock (97) (87)
Treasury stock purchases (1,062) (848)
Shares reissued under equity incentive plans, net 66 132
Other 93 (47)
Net cash used in financing activities (1,519) (1,890)
Net (decrease) increase in cash (157) 254
Cash at beginning of period 617 436
Cash at end of period $ 460 $ 690