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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities:    
Net income $ 578 $ 668
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 1,370 1,491
Changes in operating assets and liabilities, net:    
Receivables 31 571
Deferred acquisition costs 11 14
Insurance reserves 195 (222)
Other assets (81) (127)
Other liabilities (108) (152)
Trading securities 199 (147)
Net cash flow operating activities 2,195 2,096
Investing Activities:    
Purchases of fixed maturities (7,055) (7,457)
Proceeds from sales of fixed maturities 3,590 4,005
Proceeds from maturities of fixed maturities 3,101 2,901
Purchases of equity securities (60) (44)
Proceeds from sales of equity securities 43 23
Purchases of limited partnership investments (120) (218)
Proceeds from sales of limited partnership investments 156 133
Purchases of property, plant and equipment (1,447) (1,775)
Dispositions 28 1,030
Change in short term investments 298 489
Other, net (121) (52)
Net cash flow investing activities (1,587) (965)
Financing Activities:    
Dividends paid (69) (72)
Dividends paid to noncontrolling interests (138) (261)
Purchases of subsidiary stock from noncontrolling interests (29) (88)
Purchases of Loews treasury stock (617) (396)
Issuance of Loews common stock 7 5
Proceeds from sale of subsidiary stock 114 4
Principal payments on debt (1,761) (1,250)
Issuance of debt 1,851 1,259
Other, net 4 14
Net cash flow financing activities (638) (785)
Effect of foreign exchange rate on cash (6) (3)
Net change in cash (36) 343
Cash, beginning of period 364 294
Cash, end of period $ 328 $ 637