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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities      
Net income $ 2,280 $ 2,306 $ 787
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and other non-cash items 368 388 252
Realized capital gains and losses (594) (327) (503)
Loss on extinguishment of debt 491    
Loss (gain) on disposition of operations 688 (18) 7
Interest credited to contractholder funds 1,278 1,316 1,645
Changes in:      
Policy benefits and other insurance reserves (55) 214 (77)
Unearned premiums 602 306 37
Deferred policy acquisition costs (268) (18) 177
Premium installment receivables, net (205) (125) 33
Reinsurance recoverables, net (729) (1,560) (716)
Income taxes 573 698 133
Other operating assets and liabilities (187) (126) 154
Net cash provided by operating activities 4,242 3,054 1,929
Proceeds from sales      
Fixed income securities 21,243 18,872 29,436
Equity securities 3,173 1,495 2,012
Limited partnership interests 1,045 1,398 1,000
Mortgage loans 24 14 97
Other investments 151 148 164
Investment collections      
Fixed income securities 5,908 5,417 4,951
Mortgage loans 1,020 1,064 634
Other investments 275 128 123
Investment purchases      
Fixed income securities (24,087) (22,658) (27,896)
Equity securities (3,677) (671) (1,824)
Limited partnership interests (1,312) (1,524) (1,696)
Mortgage loans (538) (525) (1,241)
Other investments (1,084) (665) (204)
Change in short-term investments, net (427) (698) 2,182
Change in other investments, net 97 58 (415)
Purchases of property and equipment, net (207) (285) (246)
(Acquisition) disposition of operations, net of cash acquired (24) 13 (916)
Net cash provided by investing activities 1,580 1,581 6,161
Cash flows from financing activities      
Proceeds from issuance of long-term debt 2,271 493 7
Repayment of long-term debt (2,627) (352) (7)
Proceeds from issuance of preferred stock 781    
Contractholder fund deposits 2,174 2,158 2,176
Contractholder fund withdrawals (6,556) (5,519) (8,680)
Dividends paid on common stock (352) (534) (435)
Dividends paid on preferred stock (6)    
Treasury stock purchases (1,834) (913) (953)
Shares reissued under equity incentive plans, net 170 85 19
Excess tax benefits on share-based payment arrangements 38 10 (5)
Other (12) (33) 2
Net cash used in financing activities (5,953) (4,605) (7,876)
Net (decrease) increase in cash (131) 30 214
Cash at beginning of year 806 776 562
Cash at end of year $ 675 $ 806 $ 776