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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities    
Net Income $ 928 $ 982
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase in Unpaid Losses and Loss Expenses, Net 402 272
Increase in Unearned Premiums, Net 147 70
Increase in Premiums Receivable (129) (51)
Change in Income Tax Payable or Recoverable (174) 19
Amortization of Premiums and Discounts on Fixed Maturities 90 89
Depreciation 29 31
Realized Investment Gains, Net (229) (217)
Other, Net (216) (196)
Net Cash Provided by Operating Activities 848 999
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 832 1,593
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 1,445 1,215
Proceeds from Sales of Equity Securities 66 42
Purchases of Fixed Maturities (2,644) (2,457)
Purchases of Equity Securities (61) (52)
Investments in Other Invested Assets, Net 128 1
Decrease (Increase) in Short Term Investments, Net 221 (275)
Increase in Net Payable from Security Transactions Not Settled 200 118
Purchases of Property and Equipment, Net (19) (25)
Net Cash Provided by Investing Activities 168 160
Cash Flows from Financing Activities    
Increase in Funds Held Under Deposit Contracts 11 24
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 56 31
Repurchase of Shares (855) (976)
Dividends Paid to Shareholders (227) (239)
Net Cash Used in Financing Activities (1,015) (1,160)
Net Increase (Decrease) in Cash 1 (1)
Cash at Beginning of Year 70 51
Cash at End of Period $ 71 $ 50