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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    
Premiums collected $ 2,679 $ 2,450
Net investment income received 235 222
Limited partnership distributions 64 79
Service agreement fee received 15 15
Commissions and bonuses paid to agents (397) (356)
Losses paid (1,630) (1,359)
Loss expenses paid (251) (227)
Other underwriting and acquisition costs paid (372) (345)
Income taxes paid (98) (149)
Net cash provided by (used in) operating activities 245 330
Purchase of investments:    
Fixed maturities (1,090) (1,240)
Preferred stock (168) (54)
Common stock (550) (700)
Limited partnerships (46) (52)
Sales/maturities of investments:    
Fixed maturity sales 371 330
Fixed maturity calls/maturities 413 617
Preferred stock 119 42
Common stock 565 654
Sale of and returns on limited partnerships 70 86
Net purchase of property and equipment (17) (19)
Net collections on agent loans 1 1
Net cash provided by (used in) investing activities (332) (335)
Cash flows from financing activities    
Annuity deposits and interest 45 47
Annuity surrenders and withdrawals (39) (39)
Universal life deposits and interest 14 12
Universal life surrenders (6) (5)
Purchase of treasury stock (20) (17)
Dividends paid to shareholders (59) (28)
Net cash provided by (used in) financing activities (65) (30)
Net increase (decrease) in cash and cash equivalents (152) (35)
Cash and cash equivalents at beginning of period 452 400
Cash and cash equivalents at end of period $ 300 $ 365