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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 $ 1,261 $ 1,283 $ 1,295
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 345 292 268
Realized investment (gains) losses (62) (75) 43
Deferred income taxes 217 188 284
Gains on sale of businesses (excluding discontinued operations) (25) (13) (32)
Income from discontinued operations, net of taxes 0 0 (1)
Net changes in assets and liabilities, net of non-operating effects:      
Premiums, accounts and notes receivable (50) 62 49
Reinsurance recoverables 19 37 30
Deferred policy acquisition costs (129) (94) (68)
Other assets (307) 3 456
Insurance liabilities 154 325 (357)
Accounts payable, accrued expenses and other liabilities 344 (272) (1,321)
Current income taxes (246) 2 55
Other, net (30) 5 44
Net cash provided by operating activities 1,491 1,743 745
Proceeds from investments sold:      
Fixed maturities 830 822 927
Equity securities 46 4 22
Commercial mortgage loans 253 63 61
Other (primarily short-term and other long-term investments) 1,915 1,102 910
Investment maturities and repayments:      
Fixed maturities 1,265 1,084 1,100
Commercial mortgage 385 70 94
Investments purchased:      
Fixed maturities (2,877) (2,587) (2,916)
Equity securities (20) (12) (14)
Commercial mortgage loans (487) (239) (175)
Other (primarily short-term and other long-term investments) (2,056) (810) (1,187)
Property and equipment purchases (422) (300) (307)
Acquisitions, net of cash acquired (102) (539) 0
Net cash used in investing activities (1,270) (1,342) (1,485)
Cash Flows from Financing Activities      
Deposits and interest credited to contractholder deposit funds 1,323 1,295 1,312
Withdrawals and benefit payments from contractholder deposit funds (1,178) (1,205) (1,223)
Change in cash overdraft position (1) 59 53
Net change in short-term debt, primarily commercial paper (451) (270) (200)
Issuance of long-term debt 2,676 543 346
Repurchase of common stock (225) (201) 0
Issuance of common stock 734 64 30
Common dividends paid (11) (11) (11)
Net cash provided by financing activities 2,867 274 307
Effect of foreign currency rate changes on cash and cash equivalents (3) 6 15
Net increase (decrease) in cash and cash equivalents 3,085 681 (418)
Cash and cash equivalents, January 1, 1,605 924 1,342
Cash and cash equivalents, December 31, 4,690 1,605 924
Supplemental Disclosure of Cash Information:      
Income taxes paid, net of refunds 633 326 220
Interest paid $ 185 $ 180 $ 158