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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities      
Net income $ 2,473 $ 1,426 $ 3,216
Adjustments to reconcile net income to net cash provided by operating activities:      
Net realized investment gains (51) [1] (55) [1] (264) [1]
Depreciation and amortization 827 802 812
Deferred federal income tax expense 223 63 178
Amortization of deferred acquisition costs 3,910 3,876 3,802
Equity in income from other investments (342) (281) (283)
Change in premiums receivable (138) (237) (29)
Change in reinsurance recoverables 453 809 1,303
Change in deferred acquisition costs (3,914) (3,881) (3,826)
Change in claims and claim adjustment expense reserves (540) (154) (1,971)
Change in unearned premium reserves 123 188 63
Other operating activities 206 (387) 53
Net cash provided by operating activities 3,230 2,169 3,054
Cash flows from investing activities      
Proceeds from maturities of fixed maturities 8,369 7,404 5,896
Proceeds from sales of investments, fixed maturities 1,087 1,161 3,713
Proceeds from sales of investments, equity securities 37 135 201
Proceeds from sales of investments, real estate investments 53 1 10
Proceeds from sales of investments, other investments 835 594 717
Purchases of investments, fixed maturities (10,447) (8,704) (6,785)
Purchases of investments, equity securities (48) (131) (61)
Purchases of investments, real estate investments (95) (66) (21)
Purchases of investments, other investments (534) (889) (514)
Net sales (purchases) of short-term securities 117 2,018 (699)
Securities transactions in course of settlement (23)   (30)
Other investing activities (323) (371) (318)
Net cash provided by (used in) investing activities (972) 1,152 2,109
Cash flows from financing activities      
Payment of debt (258) (8) (1,160)
Issuance of debt     1,234
Dividends paid to shareholders (694) (665) (673)
Issuance of common stock - employee share options 295 314 408
Treasury stock acquired - share repurchase authorization (1,474) (2,919) (4,998)
Treasury stock acquired - net employee share-based compensation (53) (46) (40)
Excess tax benefits from share-based payment arrangements 38 18 8
Net cash used in financing activities (2,146) (3,306) (5,221)
Effect of exchange rate changes on cash 4 (1) 3
Net increase (decrease) in cash 116 14 (55)
Cash at beginning of year 214 200 255
Cash at end of year 330 214 200
Supplemental disclosure of cash flow information      
Income taxes paid 188 218 784
Interest paid $ 375 $ 382 $ 397
[1] Total other-than-temporary impairment (OTTI) gains were $27 million, $30 million and $7 million for the years ended December 31, 2012, 2011 and 2010, respectively. Of total OTTI, credit losses of $(15) million, $(25) million and $(26) million for the years ended December 31, 2012, 2011 and 2010, respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $42 million, $55 million and $33 million for the years ended December 31, 2012, 2011 and 2010, respectively, were recognized in other comprehensive income as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.