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Exhibit 99(i)

Consolidated Statements of Cash Flows

THE ST. PAUL COMPANIES

			Year Ended December 31
			2001			2000			1999
			(In Millions)
OPERATING ACTIVITIES
Net income (loss)			$	(1,088	)	$	993		$	834
Adjustments:
	Loss (income) from discontinued operations			79			(23	)		(129	)
	Change in property-liability insurance reserves			4,399			(34	)		(82	)
	Change in reinsurance balances			(2,109	)		(807	)		(502	)
	Realized investment losses (gains)			94			(632	)		(286	)
	Change in deferred acquisition costs			(53	)		(45	)		123
	Change in insurance premiums receivable			(198	)		(450	)		(290	)
	Change in accounts payable and accrued expenses			(87	)		29			145
	Change in income taxes payable/refundable			(212	)		(3	)		26
	Provision for federal deferred tax expense (benefit)			(81	)		372			102
	Depreciation, amortization and goodwill writeoff			180			105			118
	Cumulative effect of accounting change			—			—			30
	Other			(40	)		(93	)		58
		Net Cash Provided (Used) by Continuing Operations		884			(588	)		147
		Net Cash Provided (Used) by Discontinued Operations		103			25			(197	)
		Net Cash Provided (Used) by Operating Activities		987			(563	)		(50	)
INVESTING ACTIVITIES
Purchases of investments				(7,033	)		(5,154	)		(4,578	)
Proceeds from sales and maturities of investments				6,281			6,290			5,472
Sales (purchases) of short-term investments				(256	)		199			(466	)
Net proceeds from sale of subsidiaries				362			201			251
Change in open security transactions				177			7			(47	)
Venture capital partnership distributions				52			57			63
Purchase of office property and equipment				(70	)		(88	)		(153	)
Sales of office property and equipment				9			10			70
Acquisitions, net of cash acquired				(218	)		(212	)		—
Other				(15	)		4			(19	)
		Net Cash Provided (Used) by Continuing Operations		(711	)		1,314			593
		Net Cash Used by Discontinued Operations		(583	)		(632	)		(894	)
Net Cash Provided (Used) by Investing Activities				(1,294	)		682			(301	)
FINANCING ACTIVITIES
Dividends paid on common and preferred stock				(245	)		(241	)		(246	)
Proceeds from issuance of debt				650			498			250
Proceeds from issuance of redeemable preferred securities				575			—			—
Repayment of debt				(196	)		(363	)		(52	)
Repurchase of common shares				(589	)		(536	)		(356	)
Subsidiary's repurchase of common shares				(172	)		(51	)		(36	)
Retirement of preferred securities				(40	)		—			(79	)
Stock options exercised and other				84			73			7
		Net Cash Provided (Used) by Continuing Operations		67			(620	)		(512	)
		Net Cash Provided by Discontinued Operations		343			448			873
		Net Cash Provided (Used) by Financing Activities		410			(172	)		361
Effect of exchange rate changes on cash				(4	)		—			—
		Increase (Decrease) in Cash		99			(53	)		10
Cash at beginning of year				52			105			95
		Cash at End of Year	$	151		$	52		$	105

See notes to consolidated financial statements.

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Consolidated Statements of Cash Flows THE ST. PAUL COMPANIES