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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities  
Net income (loss)$ 439$ 432
Adjustments to reconcile net income to net cash provided (used) by operating activities:  
(Income) loss from discontinued operations121
(Gain) loss on disposal of property and equipment8 
Deferred income tax expense (benefit)153163
Trading portfolio activity(8)125
Net realized investment (gains) losses, net of participating policyholders’ interests(1)(125)
Equity method investees80(25)
Amortization of investments(47)(84)
Depreciation5960
Changes in:  
Receivables, net267(709)
Accrued investment income(42)(51)
Deferred acquisition costs(28)12
Insurance reserves(5)(563)
Other assets110168
Other liabilities(181)(11)
Other, net103
Total adjustments376(1,016)
Net cash flows provided (used) by operating activities-continuing operations815(584)
Net cash flows provided (used) by operating activities-discontinued operations(2)(89)
Net cash flows provided (used) by operating activities-total813(673)
Cash Flows from Investing Activities  
Purchases of fixed maturity securities(8,854)(12,981)
Proceeds from Fixed Maturity Securities:  
Sales5,9009,263
Maturities, calls and redemptions2,4342,891
Purchases of equity securities(51)(92)
Proceeds from sales of equity securities171215
Origination of mortgage loans(118)(70)
Change in short term investments4991,752
Change in other investments(137)(227)
Purchases of property and equipment(67)(38)
Dispositions 65
Other, net47
Net cash flows provided (used) by investing activities-continuing operations(219)785
Net cash flows provided (used) by investing activities-discontinued operations275
Net cash flows provided (used) by investing activities-total(217)860
Cash Flows from Financing Activities  
Acquisition of CNA Surety noncontrolling interest(475) 
Dividends paid to common stockholders(81) 
Dividends paid to Loews Corporation for 2008 Senior Preferred (68)
Payment to redeem 2008 Senior Preferred (500)
Proceeds from the issuance of debt396495
Repayment of debt(420)(150)
Stock options exercised24
Other, net(10)(26)
Net cash flows provided (used) by financing activities-continuing operations(588)(245)
Net cash flows provided (used) by financing activities-discontinued operations  
Net cash flows provided (used) by financing activities-total(588)(245)
Effect of foreign exchange rate changes on cash-continuing operations(1) 
Net change in cash7(58)
Net cash transactions from continuing operations to discontinued operations (14)
Net cash transactions to discontinued operations from continuing operations 14
Cash, beginning of year77140
Cash, end of period8482
Cash-continuing operations8482
Cash-discontinued operations  
Cash$ 84$ 82