| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
507 | 13 | |||||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||||||
Stock based compensation | ||||||
5 | 4 | |||||
Amortization | ||||||
39 | 43 | |||||
Increase (Decrease) in Deferred Income Taxes | ||||||
-41 | -30 | |||||
Interest credited/index credits to contractholder account balances | ||||||
985 | 347 | |||||
Net recognized (gains) losses on investments and derivatives | ||||||
682 | -629 | |||||
Charges assessed to contractholders for mortality and administration | ||||||
124 | 136 | |||||
Intangibles, net | ||||||
336 | 390 | |||||
Gain (Loss) on Extinguishment of Debt | ||||||
- | 2 | |||||
Changes in operating assets and liabilities: | ||||||
Reinsurance recoverable | ||||||
-13 | -24 | |||||
Future policy benefits reflected in net income (loss) | ||||||
1,079 | -110 | |||||
Funds withheld for reinsurers | ||||||
1,220 | -679 | |||||
Collateral (returned) posted | ||||||
-387 | 291 | |||||
Other assets and other liabilities | ||||||
19 | -117 | |||||
Net Cash Provided by (Used in) Operating Activities | ||||||
675 | 897 | |||||
Cash flows from investing activities: | ||||||
Proceeds from mortgage loans | ||||||
100 | 65 | |||||
Costs of mortgage loans | ||||||
701 | 185 | |||||
Proceeds from Collection of (Payments to Fund) Loans and Investments to Related Parties | ||||||
- | 0 | |||||
Capital expenditures | ||||||
11 | 7 | |||||
Contingent purchase price payment | ||||||
0 | 57 | |||||
Net cash provided by (used in) investing activities | ||||||
-1,568 | -2,280 | |||||
Cash flows from financing activities: | ||||||
Treasury stock | ||||||
65 | 4 | |||||
Draw on revolving credit facility | ||||||
27 | 30 | |||||
Common stock dividends paid | ||||||
9 | 0 | |||||
Warrants Tendered | ||||||
0 | -66,000,000 | |||||
Contractholder account deposits | ||||||
4,124 | 3,352 | |||||
Contractholder account withdrawals | ||||||
2,759 | 2,674 | |||||
Net cash provided by (used in) financing activities | ||||||
1,291 | 739 | |||||
Change in cash and cash equivalents | ||||||
398 | -644 | |||||
Supplemental disclosures of cash flow information: | ||||||
Interest paid | ||||||
30 | 30 | |||||
Income taxes (refunded) paid | ||||||
-1 | 41 | |||||
Deferred sales inducements | ||||||
130 | 138 | |||||
Payments of Debt Issuance Costs | ||||||
0 | 6 | |||||
Proceeds from (Repayments of) Debt | ||||||
0 | 547 | |||||
Repayments of Long-term Lines of Credit | ||||||
27 | 440 | |||||
Available-for-sale Securities | ||||||
Proceeds from available-for-sale investments, sold, matured or repaid: | ||||||
4,506 | 8,265 | |||||
Cost of available-for-sale investments: | ||||||
4,733 | 10,079 | |||||
Derivative and other | ||||||
Proceeds from available-for-sale investments, sold, matured or repaid: | ||||||
338 | 499 | |||||
Cost of available-for-sale investments: | ||||||
1,067 | 781 | |||||