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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income $ 1,245 $ 1,143
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 189 180
Realized capital gains and losses (294) (493)
Loss on extinguishment of debt 1 480
Loss (gain) on disposition of operations 50 (2)
Interest credited to contractholder funds 519 656
Changes in:    
Policy benefits and other insurance reserves 103 (607)
Unearned premiums 287 165
Deferred policy acquisition costs (77) (107)
Premium installment receivables, net (152) (81)
Reinsurance recoverables, net (39) 327
Income taxes (195) 283
Other operating assets and liabilities (436) (391)
Net cash provided by operating activities 1,201 1,553
Proceeds from sales    
Fixed income securities 14,205 10,461
Equity securities 2,744 1,742
Limited partnership interests 802 438
Mortgage loans 10 20
Other investments 81 38
Investment collections    
Fixed income securities 1,730 3,658
Mortgage loans 726 475
Other investments 107 171
Investment purchases    
Fixed income securities (15,802) (10,637)
Equity securities (2,668) (2,010)
Limited partnership interests (653) (477)
Mortgage loans (109) (314)
Other investments (395) (538)
Change in short-term investments, net (60) (423)
Change in other investments, net 49 91
Purchases of property and equipment, net (124) (43)
Disposition of operations 378  
Net cash provided by investing activities 1,021 2,652
Cash flows from financing activities    
Change in short-term debt   500
Proceeds from issuance of long-term debt   1,481
Repayments of long-term debt (355) (2,540)
Proceeds from issuance of preferred stock 965 278
Contractholder fund deposits 666 1,119
Contractholder fund withdrawals (1,922) (4,273)
Dividends paid on common stock (238) (119)
Dividends paid on preferred stock (25)  
Treasury stock purchases (1,257) (897)
Shares reissued under equity incentive plans, net 149 60
Excess tax benefits on share-based payment arrangements 18 29
Other (9) (15)
Net cash used in financing activities (2,008) (4,377)
Net increase (decrease) in cash 214 (172)
Cash at beginning of period 675 806
Cash at end of period $ 889 $ 634