XML 35 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 808$ 2,322
Adjustments to reconcile net income to net cash provided by operating activities:  
Net realized investment gains(41)(220)
Depreciation and amortization599608
Deferred federal income tax expense159149
Amortization of deferred acquisition costs2,9002,845
Equity in income from other investments(279)(161)
Change in premiums receivable(439)(228)
Change in reinsurance recoverables244754
Change in deferred acquisition costs(2,988)(2,928)
Change in claims and claim adjustment expense reserves742(1,112)
Change in unearned premium reserves612418
Other operating activities(499)(55)
Net cash provided by operating activities1,8182,392
Cash flows from investing activities  
Proceeds from maturities of fixed maturities5,2413,881
Proceeds from sales of investments, fixed maturities8423,281
Proceeds from sales of investments, equity securities51157
Proceeds from sales of investments, real estate110
Proceeds from sales of investments, other investments482426
Purchases of investments, fixed maturities(6,224)(5,167)
Purchases of investments, equity securities(118)(29)
Purchases of investments, real estate(41)(15)
Purchases of investments, other investments(758)(373)
Net sales (purchases) of short-term securities813(66)
Securities transactions in course of settlement196(240)
Other investing activities(248)(220)
Net cash provided by investing activities2371,645
Cash flows from financing activities  
Payment of debt(8)(275)
Dividends paid to shareholders(500)(512)
Issuance of common stock - employee share options270267
Treasury stock acquired - share repurchase authorization(1,755)(3,441)
Treasury stock acquired - net employee share-based compensation(46)(40)
Excess tax benefits from share-based payment arrangements176
Net cash used in financing activities(2,022)(3,995)
Effect of exchange rate changes on cash(2)1
Net increase in cash3143
Cash at beginning of year200255
Cash at end of period231298
Supplemental disclosure of cash flow information  
Income taxes paid277511
Interest paid$ 226$ 263