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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities      
Net income $ 3,673 $ 2,473 $ 1,426
Adjustments to reconcile net income to net cash provided by operating activities:      
Net realized investment gains (166) [1] (51) [1] (55) [1]
Depreciation and amortization 867 827 802
Deferred federal income tax expense 167 223 63
Amortization of deferred acquisition costs 3,821 3,910 3,876
Equity in income from other investments (357) (342) (281)
Change in premiums receivable 54 (138) (237)
Change in reinsurance recoverables 1,284 453 809
Change in deferred acquisition costs (3,759) (3,914) (3,881)
Change in claims and claim adjustment expense reserves (2,057) (540) (154)
Change in unearned premium reserves 27 123 188
Other operating activities 262 206 (387)
Net cash provided by operating activities 3,816 3,230 2,169
Cash flows from investing activities      
Proceeds from maturities of fixed maturities 7,904 8,369 7,404
Proceeds from sales of investments, fixed maturities 1,635 1,087 1,161
Proceeds from sales of investments, equity securities 86 37 135
Proceeds from sales of investments, real estate investments 18 53 1
Proceeds from sales of investments, other investments 762 835 594
Purchases of investments, fixed maturities (9,467) (10,447) (8,704)
Purchases of investments, equity securities (57) (48) (131)
Purchases of investments, real estate investments (107) (95) (66)
Purchases of investments, other investments (446) (534) (889)
Net sales of short-term securities 111 117 2,018
Securities transactions in course of settlement 21 (23)  
Acquisition, net of cash acquired (997)    
Other investing activities (373) (323) (371)
Net cash provided by (used in) investing activities (910) (972) 1,152
Cash flows from financing activities      
Payment of debt (500) (258) (8)
Issuance of debt 494    
Dividends paid to shareholders (729) (694) (665)
Issuance of common stock - employee share options 206 295 314
Treasury stock acquired - share repurchase authorization (2,400) (1,474) (2,919)
Treasury stock acquired - net employee share-based compensation (61) (53) (46)
Excess tax benefits from share-based payment arrangements 51 38 18
Net cash used in financing activities (2,939) (2,146) (3,306)
Effect of exchange rate changes on cash (3) 4 (1)
Net increase (decrease) in cash (36) 116 14
Cash at beginning of year 330 214 200
Cash at end of year 294 330 214
Supplemental disclosure of cash flow information      
Income taxes paid 1,057 188 218
Interest paid $ 355 $ 375 $ 382
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $(10) million, $27 million and $30 million for the years ended December 31, 2013, 2012 and 2011, respectively. Of total OTTI, credit losses of $(15) million, $(15) million and $(25) million for the years ended December 31, 2013, 2012 and 2011 respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $5 million, $42 million and $55 million for the years ended December 31, 2013, 2012 and 2011, respectively, were recognized in other comprehensive income (loss) as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.