XML 25 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
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    
Net Income $ 948 $ 1,235
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase (Decrease) in Unpaid Losses and Loss Expenses, Net 87 (299)
Increase in Unearned Premiums, Net 192 158
Increase in Premiums Receivable (136) (130)
Amortization of Premiums and Discounts on Fixed Maturities 93 91
Depreciation 27 28
Realized Investment Gains, Net (241) (317)
Other, Net (192) (202)
Net Cash Provided by Operating Activities 778 564
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 2,377 1,138
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 2,067 2,353
Proceeds from Sales of Equity Securities 136 273
Purchases of Fixed Maturities (4,884) (4,053)
Purchases of Equity Securities (97) (92)
Investments in Other Invested Assets, Net 112 280
Decrease in Short Term Investments, Net 259 514
Change in Receivable or Payable from Security Transactions Not Settled, Net 278 165
Purchases of Property and Equipment, Net (26) (25)
Other, Net (3)  
Net Cash Provided by Investing Activities 219 553
Cash Flows from Financing Activities    
Repayment of Long Term Debt   (275)
Decrease in Funds Held Under Deposit Contracts (1) (4)
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 15 36
Repurchase of Shares (774) (634)
Dividends Paid to Shareholders (234) (223)
Net Cash Used in Financing Activities (994) (1,100)
Net Increase in Cash 3 17
Cash at Beginning of Year 52 50
Cash at End of Period $ 55 $ 67