| Cash Flows from Operating Activities |
| Net income |
365M |
| Adjustments to reconcile net income to net cash provided by operating activities: |
| Capitalization of deferred acquisition and sales inducement costs |
| Amortization of deferred acquisition and sales inducement costs |
| Depreciation, amortization and accretion, net |
58M |
| Deferred income tax expense |
| Share-based compensation |
33M |
| Net realized investment gains |
-4M |
| Other-than-temporary impairments and provision for loan losses |
3M |
| Net loss (income) attributable to noncontrolling interests |
| Changes in operating assets and liabilities before consolidated investment entities: |
| Restricted and segregated cash |
264M |
| Trading securities and equity method investments, net |
| Future policy benefits and claims, net |
-237M |
| Receivables |
-77M |
| Brokerage deposits |
| Accounts payable and accrued expenses |
-193M |
| Derivatives collateral, net |
-121M |
| Other, net |
| Changes in operating assets and liabilities of consolidated investment entities, net |
| Net cash provided by operating activities |
-466M |
| Available-for-Sale securities: |
| Proceeds from sales |
169M |
| Maturities, sinking fund payments and calls |
1.25B |
| Purchases |
-1.19B |
| Proceeds from sales, maturities and repayments of commercial mortgage loans |
79M |
| Funding of commercial mortgage loans |
-94M |
| Proceeds from sales of other investments |
67M |
| Purchase of other investments |
-86M |
| Purchase of investments by consolidated investment entities |
-531M |
| Proceeds from sales, maturities and repayments of investments by consolidated investment entities |
690M |
| Return of capital in investments of consolidated investment entities |
| Purchase of land, buildings, equipment and software |
-14M |
| Change in policy and certificate loans, net |
| Acquisitions |
| Change in consumer banking loans and credit card receivables, net |
| Other, net |
-3M |
| Net cash used in investing activities |
389M |
| Investment certificates and banking time deposits: |
| Proceeds from additions |
589M |
| Maturities, withdrawals and cash surrenders |
-393M |
| Change in other banking deposits |
0 |
| Policyholder and contractholder account values: |
| Consideration received |
303M |
| Net transfers to separate accounts |
-36M |
| Surrenders and other benefits |
-321M |
| Deferred premium options, net |
| Issuance of debt, net of issuance costs |
| Repayments of debt |
| Change in short-term borrowings, net |
-1M |
| Dividends paid to shareholders |
-92M |
| Repurchase of common shares |
-406M |
| Exercise of stock options |
48M |
| Excess tax benefits from share-based compensation |
51M |
| Borrowings by consolidated investment entities |
467M |
| Repayments of debt by consolidated investment entities |
-291M |
| Noncontrolling interests investments in subsidiaries |
76M |
| Distributions to noncontrolling interests |
-9M |
| Other, net |
-1M |
| Net cash used in financing activities |
-114M |
| Effect of exchange rate changes on cash |
-20M |
| Net increase (decrease) in cash and cash equivalents |
-211M |
| Cash and cash equivalents at beginning of period |
2.37B |
| Cash and cash equivalents at end of period |
2.16B |
| Supplemental Disclosures: |
| Interest paid on debt before consolidated investment entities |
| Income taxes paid, net |
10M |
| Non-cash investing activity: |
| Affordable housing partnership commitments not yet remitted |
