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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows From Operating Activities    
Net Income $ 358 $ 395
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 38 30
Realized gains on investments, net (101) (77)
Stock-based compensation 15 14
Interest credited to contract holders 35 31
Deferred income tax expense 21 15
Changes in:    
Investment income receivable 2 0
Premiums and reinsurance receivable (105) (148)
Deferred policy acquisition costs (32) (60)
Other assets 0 (5)
Loss and loss expense reserves 124 77
Life policy reserves 104 53
Unearned premiums 152 234
Other liabilities (30) 15
Current income tax receivable/payable 52 (36)
Net cash provided by operating activities 633 538
Cash Flows From Investing Activities    
Sale of fixed maturities 26 28
Call or maturity of fixed maturities 675 711
Sale of equity securities 225 178
Purchase of fixed maturities (974) (1,016)
Purchase of equity securities (294) (216)
Investment in finance receivables (13) (26)
Collection of finance receivables 23 22
Investment in buildings and equipment, net (6) (5)
Change in other invested assets, net 7 4
Net cash used in investing activities (331) (320)
Cash Flows From Financing Activities    
Payment of cash dividends to shareholders (208) (195)
Purchase of treasury shares (21) 0
Decrease in notes payable (55) 0
Proceeds from stock options exercised 14 17
Contract holders' funds deposited 66 64
Contract holders' funds withdrawn (108) (78)
Excess tax benefits on stock-based compensation 2 10
Other (13) (12)
Net cash used in financing activities (323) (194)
Net change in cash and cash equivalents (21) 24
Cash and cash equivalents at beginning of year 433 487
Cash and cash equivalents at end of period 412 511
Supplemental disclosures of cash flow information:    
Interest paid 27 27
Income taxes paid 52 169
Non-cash activities:    
Conversion of securities 7 59
Equipment acquired under capital lease obligations 10 21
Cashless exercise of stock options $ 11 $ 22