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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net income $ 1,143 $ 1,189
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 180 201
Realized capital gains and losses (493) (195)
Loss on extinguishment of debt 480  
Gain on disposition of operations (2) (6)
Interest credited to contractholder funds 656 744
Changes in:    
Policy benefits and other insurance reserves (607) (377)
Unearned premiums 165 27
Deferred policy acquisition costs (107) 6
Premium installment receivables, net (81) (9)
Reinsurance recoverables, net 327 27
Income taxes 283 341
Other operating assets and liabilities (391) (174)
Net cash provided by operating activities 1,553 1,774
Proceeds from sales    
Fixed income securities 10,461 9,918
Equity securities 1,742 1,275
Limited partnership interests 438 796
Mortgage loans 20 11
Other investments 38 88
Investment collections    
Fixed income securities 3,658 2,141
Mortgage loans 475 458
Other investments 171 39
Investment purchases    
Fixed income securities (10,637) (12,345)
Equity securities (2,010) (290)
Limited partnership interests (477) (664)
Mortgage loans (314) (267)
Other investments (538) (243)
Change in short-term investments, net (423) (392)
Change in other investments, net 91 (57)
Purchases of property and equipment, net (43) (116)
Net cash provided by investing activities 2,652 352
Cash flows from financing activities    
Change in short-term debt 500  
Proceeds from issuance of long-term debt 1,481 493
Repayment of long-term debt (2,540) (351)
Proceeds from issuance of preferred stock 278  
Contractholder fund deposits 1,119 1,005
Contractholder fund withdrawals (4,273) (2,665)
Dividends paid on common stock (119) (215)
Treasury stock purchases (897) (583)
Shares reissued under equity incentive plans, net 60 26
Excess tax benefits on share-based payment arrangements 29 4
Other (15) (45)
Net cash used in financing activities (4,377) (2,331)
Net decrease in cash (172) (205)
Cash at beginning of period 806 776
Cash at end of period $ 634 $ 571