XML 107 R132.htm IDEA: XBRL DOCUMENT v2.4.0.6
Schedule II - Condensed Statements Of Cash Flows (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Fees and reimbursements received $ 281 $ 397 $ 533
Investment income received 594 898 997
Operating expenses paid (400) (312) (274)
Interest paid, net of interest converted to principal (400) (479) (574)
Income taxes (paid) received (6) 74 414
Net cash provided (used) by operating activities (1,027) (2,627) (946)
Purchase of fixed-maturity securities (4,463) (7,744) (9,967)
Sale and redemption of fixed-maturity securities 6,873 11,321 11,896
Sale (purchase) of short-term investments, net 1,012 680 662
Sale (purchase) of other investments, net 114 73 53
(Payments) proceeds for derivative settlements (288) (373) (216)
Collateral (to) from swap counterparty (285)   166
Net cash provided (used) by investing activities 4,195 4,007 4,778
Proceeds from investment agreements 36 71 45
Payments for drawdowns of investment agreements (688) (524) (767)
Payments for securities sold under agreements to repurchase (287) (184) (31)
Payments for retirement of debt (540) (65) (393)
Purchase of treasury stock   (50) (31)
Restricted stock awards settlements, net 1 (2) 2
Net cash provided (used) by financing activities (2,811) (1,877) (3,505)
Net increase (decrease) in cash and cash equivalents 357 (497) 327
Cash and cash equivalents-beginning of period 633 1,130 803
Cash and cash equivalents-end of period 990 633 1,130
Net income (loss) 1,234 (1,319) 53
Current income taxes (5) 86 501
Net investment losses related to other-than-temporary impairments 105 101 64
Net (gains) losses on financial instruments at fair value and foreign exchange (73) 40 (430)
Other net realized (gains) losses (7) (262) 47
Deferred income tax benefit 365 (935) (221)
Other operating 257 408 265
Total adjustments to net income (loss) (2,261) (1,308) (999)
Net cash provided (used) by operating activities (1,027) (2,627) (946)
Parent Company [Member]
     
Fees and reimbursements received 5 31  
Investment income received 118 89 145
Operating expenses paid (43) (30) (28)
Interest paid, net of interest converted to principal (101) (107) (115)
Income taxes (paid) received 224 353 149
Net cash provided (used) by operating activities 203 336 151
Purchase of fixed-maturity securities (1,017) (3,737) (6,259)
Sale and redemption of fixed-maturity securities 2,370 4,651 7,288
Sale (purchase) of short-term investments, net 375 251 363
Sale (purchase) of other investments, net 107 81 55
(Payments) proceeds for derivative settlements (207) (85) 16
Collateral (to) from swap counterparty (285)   166
Contributions to subsidiaries (12)   (35)
Advances to subsidiaries, net 1 (19) (21)
Net cash provided (used) by investing activities 1,332 1,142 1,573
Proceeds from investment agreements 31 65 39
Payments for drawdowns of investment agreements (679) (500) (735)
Payments for securities sold under agreements to repurchase (639) (835) (618)
Payments for retirement of debt (180) (70) (43)
Payments for affiliate loans (109) (37) (405)
Purchase of treasury stock   (50) (30)
Restricted stock awards settlements, net 1 (2) 2
Net cash provided (used) by financing activities (1,575) (1,429) (1,790)
Net increase (decrease) in cash and cash equivalents (40) 49 (66)
Cash and cash equivalents-beginning of period 132 83 149
Cash and cash equivalents-end of period 92 132 83
Net income (loss) 1,234 (1,376) (3)
Intercompany accounts receivable (9) (10) 41
Current income taxes 57 124 56
Equity in earnings of subsidiaries (762) 1,233 (99)
Dividends from subsidiaries 60 46 19
Net investment losses related to other-than-temporary impairments 59 33 59
Net (gains) losses on financial instruments at fair value and foreign exchange 119 278 117
Other net realized (gains) losses (6) 17 (1)
Deferred income tax benefit (613) (85) (90)
(Gains) losses on extinguishment of debt 2   1
Other operating 62 76 51
Total adjustments to net income (loss) (1,031) 1,712 154
Net cash provided (used) by operating activities $ 203 $ 336 $ 151