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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 (loss) $ 630 $ 758 $ 481
Adjustments to reconcile net income (loss) to net cash flows provided (used) by operating activities:      
(Income) loss from discontinued operations 1 21 2
(Gain) loss on disposal of property and equipment 9    14
Deferred income tax expense (benefit) 192 327 177
Trading portfolio activity 1 153 (164)
Net realized investment (gains) losses, net of participating policyholders' interests 4 (86) 857
Equity method investees 97 (136) (223)
Amortization of investments (64) (117) (198)
Depreciation 79 78 86
Changes in:      
Receivables, net 1,020 (406) 976
Accrued investment income (17) (15) (60)
Deferred acquisition costs (9) 29 17
Insurance reserves (237) (805) (612)
Other assets 175 142 99
Other liabilities (187) 53 (174)
Other, net 10 5 3
Total adjustments 1,074 (757) 800
Net cash flows provided (used) by operating activities-continuing operations 1,704 1 1,281
Net cash flows provided (used) by operating activities-discontinued operations (2) (90) (23)
Net cash flows provided (used) by operating activities-total 1,702 (89) 1,258
Cash Flows from Investing Activities      
Purchases of fixed maturity securities (12,168) (16,704) (24,189)
Proceeds from fixed maturity securities:      
Sales 7,579 12,514 19,245
Maturities, calls and redemptions 3,055 3,340 3,448
Purchases of equity securities (72) (99) (269)
Proceeds from sales of equity securities 178 341 901
Origination of mortgage loans (149) (87)   
Change in short term investments 566 1,629 (327)
Change in other investments (141) (263) 140
Purchases of property and equipment (84) (53) (63)
Dispositions 171 66   
Other, net 3 7 (2)
Net cash flows provided (used) by investing activities-continuing operations (1,062) 691 (1,116)
Net cash flows provided (used) by investing activities-discontinued operations 2 76 23
Net cash flows provided (used) by investing activities-total (1,060) 767 (1,093)
Cash Flows from Financing Activities      
Acquisition of CNA Surety noncontrolling interest (475)      
Dividends paid to common stockholders (108)      
Dividends paid to Loews Corporation for 2008 Senior Preferred    (76) (122)
Payment to redeem 2008 Senior Preferred    (1,000) (250)
Proceeds from the issuance of debt 396 495 350
Repayment of debt (451) (150) (100)
Stock options exercised 2 11 1
Other, net (8) (22) 1
Net cash flows provided (used) by financing activities-continuing operations (644) (742) (120)
Net cash flows provided (used) by financing activities-discontinued operations         
Net cash flows provided (used) by financing activities-total (644) (742) (120)
Effect of foreign exchange rate changes on cash-continuing operations    1 10
Net change in cash (2) (63) 55
Net cash transactions from continuing operations to discontinued operations    (14)   
Net cash transactions to discontinued operations from continuing operations    14   
Cash, beginning of year 77 140 85
Cash, end of year 75 77 140
Cash-continuing operations 75 77 140
Cash-discontinued operations         
Cash $ 75 $ 77 $ 140