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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income $ 475 $ 1,317
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment (gains) losses (39) 6
Depreciation and amortization 405 411
Deferred federal income tax expense 137 51
Amortization of deferred acquisition costs 1,918 1,879
Equity in income from other investments (231) (116)
Change in premiums receivable (542) (382)
Change in reinsurance recoverables 225 528
Change in deferred acquisition costs (1,973) (1,930)
Change in claims and claim adjustment expense reserves 889 (692)
Change in unearned premium reserves 395 270
Other operating activities (758) (291)
Net cash provided by operating activities 901 1,051
Cash flows from investing activities    
Proceeds from maturities of fixed maturities 3,234 2,478
Proceeds from sales of investments, fixed maturities 736 2,781
Proceeds from sales of investments, equity securities 47 27
Proceeds from sales of investments, real estate   10
Proceeds from sales of investments, other investments 285 189
Purchases of investments, fixed maturities (3,547) (3,940)
Purchases of investments, equity securities (103) (19)
Purchases of investments, real estate (35) (8)
Purchases of investments, other investments (629) (227)
Net sales of short-term securities 597 1,050
Securities transactions in course of settlement 213 2
Other investing activities (143) (145)
Net cash provided by investing activities 655 2,198
Cash flows from financing activities    
Payment of debt (8) (250)
Dividends paid to shareholders (329) (343)
Issuance of common stock - employee share options 245 199
Treasury stock acquired - share repurchase authorization (1,360) (2,804)
Treasury stock acquired - net employee share-based compensation (46) (40)
Excess tax benefits from share-based payment arrangements, financing activities 11 5
Net cash used in financing activities (1,487) (3,233)
Effect of exchange rate changes on cash 4 (5)
Net increase in cash 73 11
Cash at beginning of year 200 255
Cash at end of period 273 266
Supplemental disclosure of cash flow information    
Income taxes paid 291 309
Interest paid $ 191 $ 200