XML 35 R53.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidating Financial Statements (details) - Consolidating Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net income $ 806 $ 839
Net adjustments to reconcile net income to net cash provided by operating activities 8 (206)
Net cash provided by operating activities 814 633
Proceeds from maturities of fixed maturities 1,615 1,849
Proceeds from sales of investments, fixed maturities 223 490
Proceeds from sales of investments, equity securities 15 8
Proceeds from sales of investments, other investments 203 161
Purchases of investments, fixed maturities (2,604) (1,824)
Purchases of investments, equity securities (10) (51)
Purchases of investments, real estate investments (5) (30)
Purchases of investments, other investments (114) (107)
Net (purchases) sales of short-term securities 226 (31)
Securities transactions in course of settlement 248 134
Other investing activities (92) (69)
Net cash provided by (used in) investing activities (295) 530
Dividends paid to shareholders (161) (155)
Issuance of common stock - employee share options 77 168
Treasury shares acquired - share repurchase authorization (354) (1,104)
Treasury shares acquired - net employee share-based compensation (52) (44)
Excess tax benefits from share-based payment arrangements 12 7
Net cash used in financing activities (478) (1,128)
Effect of exchange rate changes on cash 3 4
Net increase in cash 44 39
Cash at beginning of year 214 200
Cash at end of period 258 239
Income taxes paid (received) 20 112
Interest paid 35 35
TPC [Member]
   
Net income 618 600
Net adjustments to reconcile net income to net cash provided by operating activities 20 (3)
Net cash provided by operating activities 638 597
Proceeds from maturities of fixed maturities 1,034 1,132
Proceeds from sales of investments, fixed maturities 189 230
Proceeds from sales of investments, equity securities 12 1
Proceeds from sales of investments, other investments 162 102
Purchases of investments, fixed maturities (1,876) (1,210)
Purchases of investments, equity securities (1)  
Purchases of investments, real estate investments   (24)
Purchases of investments, other investments (66) (65)
Net (purchases) sales of short-term securities (63) (384)
Securities transactions in course of settlement 209 79
Other investing activities (88) (68)
Net cash provided by (used in) investing activities (488) (207)
Dividends paid to parent company (154) (353)
Net cash used in financing activities (154) (353)
Net increase in cash (4) 37
Cash at beginning of year 114 86
Cash at end of period 110 123
Income taxes paid (received) 48 75
Interest paid 28 28
Other Subsidiaries [Member]
   
Net income 249 189
Net adjustments to reconcile net income to net cash provided by operating activities (164) (186)
Net cash provided by operating activities 85 3
Proceeds from maturities of fixed maturities 581 717
Proceeds from sales of investments, fixed maturities 34 259
Proceeds from sales of investments, equity securities 3 7
Proceeds from sales of investments, other investments 41 59
Purchases of investments, fixed maturities (728) (612)
Purchases of investments, equity securities (9) (23)
Purchases of investments, real estate investments (5) (6)
Purchases of investments, other investments (48) (42)
Net (purchases) sales of short-term securities 116 (418)
Securities transactions in course of settlement 39 55
Other investing activities (4) (1)
Net cash provided by (used in) investing activities 20 (5)
Dividends paid to parent company (58)  
Net cash used in financing activities (58)  
Effect of exchange rate changes on cash 3 4
Net increase in cash 50 2
Cash at beginning of year 98 110
Cash at end of period 148 112
Income taxes paid (received) 18 36
Travelers [Member]
   
Net income 806 839
Net adjustments to reconcile net income to net cash provided by operating activities (503) (453)
Net cash provided by operating activities 303 386
Proceeds from sales of investments, fixed maturities   1
Purchases of investments, fixed maturities   (2)
Purchases of investments, equity securities   (28)
Net (purchases) sales of short-term securities 173 771
Net cash provided by (used in) investing activities 173 742
Dividends paid to shareholders (161) (155)
Issuance of common stock - employee share options 77 168
Treasury shares acquired - share repurchase authorization (354) (1,104)
Treasury shares acquired - net employee share-based compensation (52) (44)
Excess tax benefits from share-based payment arrangements 12 7
Net cash used in financing activities (478) (1,128)
Net increase in cash (2)  
Cash at beginning of year 2 4
Cash at end of period   4
Income taxes paid (received) (46) 1
Interest paid 7 7
Eliminations [Member]
   
Net income (867) (789)
Net adjustments to reconcile net income to net cash provided by operating activities 655 436
Net cash provided by operating activities (212) (353)
Dividends paid to parent company 212 353
Net cash used in financing activities $ 212 $ 353