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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Net income $ 1,305 $ 475
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment gains (14) (39)
Depreciation and amortization 412 405
Deferred federal income tax expense 125 137
Amortization of deferred acquisition costs 1,947 1,918
Equity in income from other investments (228) (231)
Change in premiums receivable (468) (542)
Change in reinsurance recoverables 752 225
Change in deferred acquisition costs (2,000) (1,973)
Change in claims and claim adjustment expense reserves (599) 889
Change in unearned premium reserves 346 395
Other operating activities (313) (758)
Net cash provided by operating activities 1,265 901
Cash flows from investing activities    
Proceeds from maturities of fixed maturities 4,167 3,234
Proceeds from sales of investments, fixed maturities 542 736
Proceeds from sales of investments, equity securities 22 47
Proceeds from sales of investments, real estate investments 3  
Proceeds from sales of investments, other investments 386 285
Purchases of investments, fixed maturities (5,200) (3,547)
Purchases of investments, equity securities (33) (103)
Purchases of investments, real estate investments (58) (35)
Purchases of investments, other investments (221) (629)
Net sales of short-term securities 367 597
Securities transactions in course of settlement 77 213
Other investing activities (133) (143)
Net cash provided by (used in) investing activities (81) 655
Cash flows from financing activities    
Payment of debt (258) (8)
Dividends paid to shareholders (341) (329)
Issuance of common stock - employee share options 170 245
Treasury stock acquired - share repurchase authorization (707) (1,360)
Treasury stock acquired - net employee share-based compensation (52) (46)
Excess tax benefits from share-based payment arrangements 19 11
Net cash used in financing activities (1,169) (1,487)
Effect of exchange rate changes on cash 1 4
Net increase in cash 16 73
Cash at beginning of year 214 200
Cash at end of period 230 273
Supplemental disclosure of cash flow information    
Income taxes paid 296 291
Interest paid $ 191 $ 191