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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    
Premiums collected $ 1,289 $ 1,159
Net investment income received 121 106
Limited partnership distributions 25 46
Service agreement fee received 8 7
Commissions and bonuses paid to agents (225) (197)
Losses paid (785) (666)
Loss expenses paid (130) (119)
Other underwriting and acquisition costs paid (235) (206)
Income taxes paid (14) (3)
Net cash provided by (used in) operating activities 54 127
Purchase of investments:    
Fixed maturities (501) (551)
Preferred stock (76) (9)
Common stock (260) (464)
Limited partnerships (27) (23)
Sales/maturities of investments:    
Fixed maturity sales 159 122
Fixed maturity calls/maturities 244 265
Preferred stock 64 26
Common stock 267 453
Sale of and returns on limited partnerships 41 53
Net purchase of property and equipment (6) (6)
Net collections on agent loans 0 1
Net cash provided by (used in) investing activities (95) (133)
Cash flows from financing activities    
Annuity deposits and interest 22 24
Annuity surrenders and withdrawals (18) (18)
Universal life deposits and interest 7 5
Universal life surrenders (3) (2)
Purchase of treasury stock (10) (15)
Dividends paid to shareholders (30) 0
Net cash provided by (used in) financing activities (32) (6)
Net increase (decrease) in cash and cash equivalents (73) (12)
Cash and cash equivalents at beginning of period 452 400
Cash and cash equivalents at end of period $ 379 $ 388