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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 896 $ 806
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment gains (10) [1] (10) [1]
Depreciation and amortization 219 216
Deferred federal income tax expense 131 119
Amortization of deferred acquisition costs 948 971
Equity in income from other investments (74) (114)
Change in premiums receivable (155) (151)
Change in reinsurance recoverables 390 495
Change in deferred acquisition costs (954) (984)
Change in claims and claim adjustment expense reserves (751) (504)
Change in unearned premium reserves 187 117
Other operating activities (297) (147)
Net cash provided by operating activities 530 814
Cash flows from investing activities    
Proceeds from maturities of fixed maturities 2,123 1,615
Proceeds from sales of investments, fixed maturities 234 223
Proceeds from sales of investments, equity securities 36 15
Proceeds from sales of investments, other investments 174 203
Purchases of investments, fixed maturities (2,339) (2,604)
Purchases of investments, equity securities (13) (10)
Purchases of investments, real estate investments (6) (5)
Purchases of investments, other investments (95) (114)
Net sales of short-term securities 109 226
Securities transactions in course of settlement 180 248
Other investing activities (100) (92)
Net cash provided by (used in) investing activities 303 (295)
Cash flows from financing activities    
Payment of debt (500)  
Dividends paid to shareholders (175) (161)
Issuance of common stock - employee share options 98 77
Treasury stock acquired - share repurchase authorization (300) (354)
Treasury stock acquired - net employee share-based compensation (58) (52)
Excess tax benefits from share-based payment arrangements 21 12
Net cash used in financing activities (914) (478)
Effect of exchange rate changes on cash (6) 3
Net increase (decrease) in cash (87) 44
Cash at beginning of year 330 214
Cash at end of period 243 258
Supplemental disclosure of cash flow information    
Income taxes paid 27 20
Interest paid $ 35 $ 35
[1] Total other-than-temporary impairment (OTTI) gains were $0 million for each of the three months ended March 31, 2013 and 2012. Of total OTTI, credit losses of $(5) million and $(4) million for the three months ended March 31, 2013 and 2012, respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $5 million and $4 million for the three months ended March 31, 2013 and 2012, respectively, were recognized in other comprehensive income as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.