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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities:    
Net income $ 296 $ 399
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 803 1,112
Changes in operating assets and liabilities, net:    
Receivables (243) (142)
Deferred acquisition costs (8) (10)
Insurance reserves 451 234
Other assets (102) (178)
Other liabilities (120) (106)
Trading securities 10 (117)
Net cash flow operating activities 1,087 1,192
Investing Activities:    
Purchases of fixed maturities (5,029) (4,921)
Proceeds from sales of fixed maturities 2,859 2,919
Proceeds from maturities of fixed maturities 2,304 1,954
Purchases of equity securities (30) (11)
Proceeds from sales of equity securities 33 14
Purchases of limited partnership investments (78) (109)
Proceeds from sales of limited partnership investments 85 118
Purchases of property, plant and equipment (1,227) (1,152)
Dispositions 20 30
Change in short term investments 119 3
Other, net (90) (4)
Net cash flow investing activities (1,034) (1,159)
Financing Activities:    
Dividends paid (46) (48)
Dividends paid to noncontrolling interests (110) (184)
Purchases of subsidiary stock from noncontrolling interests (24) (88)
Purchases of Loews treasury stock (287) (182)
Issuance of Loews common stock 7 5
Proceeds from sale of subsidiary stock 114 4
Principal payments on debt (1,329) (331)
Issuance of debt 1,503 766
Other, net 6 17
Net cash flow financing activities (166) (41)
Effect of foreign exchange rate on cash (2) 2
Transfer of cash to assets of discontinued operations   (11)
Net change in cash (115) (17)
Cash, beginning of period 364 294
Cash, end of period $ 249 $ 277