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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 1,052 $ 896
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment gains (1) [1] (10) [1]
Depreciation and amortization 227 219
Deferred federal income tax expense 153 131
Amortization of deferred acquisition costs 950 948
Equity in income from other investments (139) (74)
Change in premiums receivable (189) (155)
Change in reinsurance recoverables 106 390
Change in deferred acquisition costs (986) (954)
Change in claims and claim adjustment expense reserves (209) (751)
Change in unearned premium reserves 94 187
Other operating activities (355) (297)
Net cash provided by operating activities 703 530
Cash flows from investing activities    
Proceeds from maturities of fixed maturities 2,312 2,123
Proceeds from sales of investments, fixed maturities 406 234
Proceeds from sales of investments, equity securities 36 36
Proceeds from sales of investments, real estate investments 1  
Proceeds from sales of investments, other investments 167 174
Purchases of investments, fixed maturities (2,715) (2,339)
Purchases of investments, equity securities (18) (13)
Purchases of investments, real estate investments (9) (6)
Purchases of investments, other investments (113) (95)
Net (purchases) sales of short-term securities (160) 109
Securities transactions in course of settlement 240 180
Acquisition, net of cash acquired (12)  
Other investing activities (60) (100)
Net cash provided by investing activities 75 303
Cash flows from financing activities    
Payment of debt   (500)
Dividends paid to shareholders (176) (175)
Issuance of common stock - employee share options 57 98
Treasury stock acquired - share repurchase authorization (650) (300)
Treasury stock acquired - net employee share-based compensation (54) (58)
Excess tax benefits from share-based payment arrangements 13 21
Net cash used in financing activities (810) (914)
Effect of exchange rate changes on cash (2) (6)
Net decrease in cash (34) (87)
Cash at beginning of year 294 330
Cash at end of period 260 243
Supplemental disclosure of cash flow information    
Income taxes paid 93 27
Interest paid $ 34 $ 35
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $(7) million for the three months ended March 31, 2014 and $0 million for the three months ended March 31, 2013. Of total OTTI, credit losses of $(9) million and $(5) million for the three months ended March 31, 2014 and 2013, respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $2 million and $5 million for the three months ended March 31, 2014 and 2013, respectively, were recognized in other comprehensive income (loss) as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.