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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 2,654 $ 2,685
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized investment gains (57) [1] (155) [1]
Depreciation and amortization 653 642
Deferred federal income tax expense 93 132
Amortization of deferred acquisition costs 2,899 2,851
Equity in income from other investments (412) (247)
Change in premiums receivable (334) (242)
Change in reinsurance recoverables 403 1,102
Change in deferred acquisition costs (2,993) (2,862)
Change in claims and claim adjustment expense reserves (298) (1,684)
Change in unearned premium reserves 379 483
Other operating activities 181 184
Net cash provided by operating activities 3,168 2,889
Cash flows from investing activities    
Proceeds from maturities of fixed maturities 7,975 5,917
Proceeds from sales of investments, fixed maturities 927 1,160
Proceeds from sales of investments, equity securities 128 57
Proceeds from sales of investments, real estate investments 5  
Proceeds from sales of investments, other investments 612 545
Purchases of investments, fixed maturities (8,237) (6,492)
Purchases of investments, equity securities (47) (50)
Purchases of investments, real estate investments (41) (65)
Purchases of investments, other investments (406) (312)
Net purchases of short-term securities (1,163) (1,893)
Securities transactions in course of settlement 119 280
Acquisition, net of cash acquired (12)  
Other investing activities (262) (254)
Net cash used in investing activities (402) (1,107)
Cash flows from financing activities    
Payment of debt   (500)
Issuance of debt   494
Dividends paid to shareholders (549) (549)
Issuance of common stock - employee share options 154 158
Treasury stock acquired - share repurchase authorization (2,275) (1,400)
Treasury stock acquired - net employee share-based compensation (56) (60)
Excess tax benefits from share-based payment arrangements 38 43
Net cash used in financing activities (2,688) (1,814)
Effect of exchange rate changes on cash (5) (3)
Net increase (decrease) in cash 73 (35)
Cash at beginning of year 294 330
Cash at end of period 367 295
Supplemental disclosure of cash flow information    
Income taxes paid 785 724
Interest paid $ 217 $ 206
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $(8) million and $0 million for the three months ended September 30, 2014 and 2013, respectively, and $(16) million and $(1) million for the nine months ended September 30, 2014 and 2013, respectively. Of total OTTI, credit losses of $(10) million and $(3) million for the three months ended September 30, 2014 and 2013, respectively, and $(20) million and $(10) million for the nine months ended September 30, 2014 and 2013, respectively, were recognized in net realized investment gains (losses). In addition, unrealized gains from other changes in total OTTI of $2 million and $3 million for the three months ended September 30, 2014 and 2013, respectively, and $4 million and $9 million for the nine months ended September 30, 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.