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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income $ 2,169 $ 808
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment gains (12) (41)
Depreciation and amortization 618 599
Deferred federal income tax expense 221 159
Amortization of deferred acquisition costs 2,933 2,900
Equity in income from other investments (271) (279)
Change in premiums receivable (307) (439)
Change in reinsurance recoverables 926 246
Change in deferred acquisition costs (3,005) (2,988)
Change in claims and claim adjustment expense reserves (1,196) 740
Change in unearned premium reserves 506 612
Other operating activities 184 (499)
Net cash provided by operating activities 2,766 1,818
Cash flows from investing activities    
Proceeds from maturities of fixed maturities 5,855 5,241
Proceeds from sales of investments, fixed maturities 724 842
Proceeds from sales of investments, equity securities 31 51
Proceeds from sales of investments, real estate investments 3 1
Proceeds from sales of investments, other investments 516 482
Purchases of investments, fixed maturities (7,677) (6,224)
Purchases of investments, equity securities (39) (118)
Purchases of investments, real estate investments (62) (41)
Purchases of investments, other investments (292) (758)
Net sales (purchases) of short-term securities (41) 813
Securities transactions in course of settlement 53 196
Other investing activities (229) (248)
Net cash provided by (used in) investing activities (1,158) 237
Cash flows from financing activities    
Payment of debt (258) (8)
Dividends paid to shareholders (519) (500)
Issuance of common stock - employee share options 247 270
Treasury stock acquired - share repurchase authorization (1,056) (1,755)
Treasury stock acquired - net employee share-based compensation (52) (46)
Excess tax benefits from share-based payment arrangements 32 17
Net cash used in financing activities (1,606) (2,022)
Effect of exchange rate changes on cash 4 (2)
Net increase in cash 6 31
Cash at beginning of year 214 200
Cash at end of period 220 231
Supplemental disclosure of cash flow information    
Income taxes paid 310 277
Interest paid $ 226 $ 226