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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 229 $ 30
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other non-cash items 32 38
Realized gains on investments, net (29) (77)
Stock-based compensation 12 10
Interest credited to contract holders 25 38
Deferred income tax (benefit) expense 4 (34)
Changes in:    
Investment income receivable 3 2
Premiums and reinsurance receivable (129) (231)
Deferred policy acquisition costs (37) (30)
Other assets (4) (1)
Loss and loss expense reserves 5 321
Life policy reserves 53 89
Unearned premiums 185 104
Other liabilities 33 (49)
Current income tax receivable/payable 51 (62)
Net cash provided by operating activities 433 148
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of fixed maturities 131 47
Call or maturity of fixed maturities 689 592
Sale of equity securities 165 410
Purchase of fixed maturities (914) (934)
Purchase of equity securities (325) (179)
Investment in buildings and equipment, net (5) (12)
Investment in finance receivables (24) (23)
Collection of finance receivables 24 23
Change in other invested assets, net 2 5
Net cash used in investing activities (257) (71)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of cash dividends to shareholders (191) (191)
Purchase of treasury shares   (30)
Increase in notes payable   55
Proceeds from stock options exercised 6  
Contract holders' funds deposited 79 81
Contract holders' funds withdrawn (83) (64)
Excess tax benefits on share-based compensation 1 3
Other (10) (8)
Net cash used in financing activities (198) (154)
Net change in cash and cash equivalents (22) (77)
Cash and cash equivalents at beginning of year 438 385
Cash and cash equivalents at end of period 416 308
Supplemental disclosures of cash flow information:    
Interest paid 28 27
Income taxes paid 8 53
Non-cash activities:    
Conversion of securities 21  
Equipment acquired under capital lease obligations 20 24
Cashless exercise of stock options $ 7