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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 600 $ 709
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 98 87
Realized capital gains and losses (54) (131)
Loss (gain) on disposition of operations 59 (2)
Interest credited to contractholder funds 307 345
Changes in:    
Policy benefits and other insurance reserves (18) (514)
Unearned premiums (92) (146)
Deferred policy acquisition costs 3 (30)
Premium installment receivables, net (46) (22)
Reinsurance recoverables, net (45) 406
Income taxes (68) 277
Other operating assets and liabilities (270) (239)
Net cash provided by operating activities 474 740
Proceeds from sales    
Fixed income securities 6,483 5,474
Equity securities 1,328 210
Limited partnership interests 238 160
Mortgage loans 10 2
Other investments 30 15
Investment collections    
Fixed income securities 849 1,745
Mortgage loans 324 237
Other investments 50 54
Investment purchases    
Fixed income securities (6,252) (6,084)
Equity securities (1,330) (317)
Limited partnership interests (277) (255)
Mortgage loans (2) (75)
Other investments (243) (196)
Change in short-term investments, net 189 (808)
Change in other investments, net 36 34
Purchases of property and equipment, net (55) (60)
Disposition of operations (2)  
Net cash provided by investing activities 1,376 136
Cash flows from financing activities    
Proceeds from issuance of long-term debt   492
Repayments of long-term debt (1)  
Proceeds from issuance of preferred stock 725  
Contractholder fund deposits 403 591
Contractholder fund withdrawals (1,084) (1,259)
Dividends paid on common stock (113)  
Dividends paid on preferred stock (12)  
Treasury stock purchases (1,115) (739)
Shares reissued under equity incentive plans, net 77 17
Excess tax benefits on share-based payment arrangements 13 23
Other (6) 13
Net cash used in financing activities (1,113) (862)
Cash classified as held for sale (242)  
Net increase in cash 495 14
Cash at beginning of period 675 806
Cash at end of period $ 1,170 $ 820