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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income $ 806 $ 839
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment gains (10) (20)
Depreciation and amortization 216 208
Deferred federal income tax expense 119 153
Amortization of deferred acquisition costs 971 948
Equity in income from other investments (114) (122)
Change in premiums receivable (151) (167)
Change in reinsurance recoverables 494 218
Change in deferred acquisition costs (984) (964)
Change in claims and claim adjustment expense reserves (503) (251)
Change in unearned premium reserves 117 175
Other operating activities (147) (384)
Net cash provided by operating activities 814 633
Cash flows from investing activities    
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
Cash flows from financing activities    
Dividends paid to shareholders (161) (155)
Issuance of common stock - employee share options 77 168
Treasury stock acquired - share repurchase authorization (354) (1,104)
Treasury stock 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
Supplemental disclosure of cash flow information    
Income taxes paid 20 112
Interest paid $ 35 $ 35