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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 166 $ 377 $ 432
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and other non-cash items 42 41 38
Realized gains on investments, net (70) (159) (336)
Stock-based compensation 13 11 10
Interest credited to contract holders 51 48 43
Deferred income tax (benefit) expense (17) 30 71
Changes in:      
Investment income receivable   (1) (20)
Premiums and reinsurance receivable (128) 80 148
Deferred policy acquisition costs (33) (23) (12)
Other assets 2 3 10
Loss and loss expense reserves 139 58 56
Life policy reserves 76 113 110
Unearned premiums 80 44 (35)
Other liabilities (49) (18) 5
Current income tax receivable/payable (25) (73) 5
Net cash (used in) provided by operating activities 247 531 525
CASH FLOWS FROM INVESTING ACTIVITIES      
Sale of fixed maturities 71 199 187
Call or maturity of fixed maturities 808 886 659
Sale of equity securities 539 273 1,247
Purchase of fixed maturities (1,087) (1,483) (2,135)
Purchase of equity securities (337) (396) (796)
Change in short-term investments, net   7 78
Investment in buildings and equipment, net (7) (17) (42)
Investment in finance receivables (32) (27) (34)
Collection of finance receivables 30 29 30
Change in other invested assets, net 7   (9)
Net cash provided by investing activities (8) (529) (815)
CASH FLOWS FROM FINANCING ACTIVITIES      
Payment of cash dividends to shareholders (255) (252) (249)
Purchase of treasury shares (32) (10)  
Increase in notes payable 55    
Proceeds from stock options exercised 1    
Contract holders' funds deposited 172 170 162
Contract holders' funds withdrawn (121) (74) (66)
Excess tax benefits on share-based compensation 5 2  
Other (11) (10) (9)
Net cash used in financing activities (186) (174) (162)
Net change in cash and cash equivalents 53 (172) (452)
Cash and cash equivalents at beginning of year 385 557 1,009
Cash and cash equivalents at end of period 438 385 557
Supplemental disclosures of cash flow information:      
Interest paid 53 53 55
Income taxes paid 51 167 74
Non-cash activities:      
Conversion of securities   5 90
Equipment acquired under capital lease obligations $ 28   $ 15