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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 118 $ 11
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 22 23
Realized gains on investments, net (19) (79)
Stock-based compensation 8 7
Interest credited to contract holders 18 27
Deferred income tax (benefit) expense (3) (9)
Changes in:    
Investment income receivable 1 (1)
Premiums and reinsurance receivable (76) (269)
Deferred policy acquisition costs (26) (26)
Other assets (11) (6)
Loss and loss expense reserves 57 335
Life policy reserves 33 60
Unearned premiums 129 77
Other liabilities 7 (66)
Current income tax receivable/payable 7 (80)
Net cash provided by operating activities 265 4
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of fixed maturities 28 42
Call or maturity of fixed maturities 360 391
Sale of equity securities 124 342
Purchase of fixed maturities (603) (645)
Purchase of equity securities (210) (100)
Investment in buildings and equipment, net (4) (4)
Investment in finance receivables (18) (16)
Collection of finance receivables 16 14
Change in other invested assets, net 3 2
Net cash (used in) provided by investing activities (304) 26
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of cash dividends to shareholders (128) (127)
Proceeds from stock options exercised 3 1
Contract holders' funds deposited 56 73
Contract holders' funds withdrawn (62) (44)
Excess tax benefits on share-based compensation 1 2
Other (6) (7)
Net cash used in financing activities (136) (102)
Net change in cash and cash equivalents (175) (72)
Cash and cash equivalents at beginning of year 438 385
Cash and cash equivalents at end of period 263 313
Supplemental disclosures of cash flow information:    
Interest paid 27 27
Income taxes paid 19 55
Non-cash activities:    
Conversion of securities 13  
Equipment acquired under capital lease obligations $ 9 $ 20