XML 69 R56.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidating Financial Statements (details) - Consolidating Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Consolidating Statement of Cash Flows    
Net income $ 691 $ 833
Net adjustments to reconcile net income to net cash provided by (used in) operating activities 159 (634)
Net cash provided by operating activities 850 199
Proceeds from maturities of fixed maturities 1,748 2,830
Proceeds from sales of investments, fixed maturities 421 906
Proceeds from sales of investments, equity securities 14 11
Proceeds from sales of investments, real estate investments 69 7
Proceeds from sales of investments, other investments 186 146
Purchases of investments, fixed maturities (2,700) (3,325)
Purchases of investments, equity securities (12) (8)
Purchases of investments, real estate investments (7) (6)
Purchases of investments, other investments (162) (168)
Net sales (purchases) of short-term securities 85 (134)
Securities transactions in course of settlement 291 305
Other investing activities (79) (90)
Net cash provided by (used in) investing activities (146) 474
Treasury stock acquired - share repurchase authorization (550) (600)
Treasury stock acquired - net employee share-based compensation (59) (71)
Dividends paid to shareholders (180) (177)
Issuance of common stock - employee share options 64 90
Excess tax benefits from share-based payment arrangements   27
Net cash used in financing activities (725) (731)
Effect of exchange rate changes on cash 2 (8)
Net decrease in cash (19) (66)
Cash at beginning of year 380 374
Cash at end of period 361 308
Income taxes paid (received) 63 126
Interest paid 42 34
TPC [Member]    
Consolidating Statement of Cash Flows    
Net income 525 632
Net adjustments to reconcile net income to net cash provided by (used in) operating activities 151 (405)
Net cash provided by operating activities 676 227
Proceeds from maturities of fixed maturities 1,239 1,851
Proceeds from sales of investments, fixed maturities 237 555
Proceeds from sales of investments, equity securities 4 6
Proceeds from sales of investments, other investments 122 98
Purchases of investments, fixed maturities (1,534) (2,133)
Purchases of investments, equity securities (1) (1)
Purchases of investments, other investments (123) (139)
Net sales (purchases) of short-term securities (152) (23)
Securities transactions in course of settlement 159 175
Other investing activities (78) (89)
Net cash provided by (used in) investing activities (127) 300
Dividends paid to parent company (565) (552)
Net cash used in financing activities (565) (552)
Effect of exchange rate changes on cash 2 (1)
Net decrease in cash (14) (26)
Cash at beginning of year 225 221
Cash at end of period 211 195
Income taxes paid (received) 51 138
Interest paid 16 16
Other Subsidiaries [Member]    
Consolidating Statement of Cash Flows    
Net income 205 255
Net adjustments to reconcile net income to net cash provided by (used in) operating activities (55) (350)
Net cash provided by operating activities 150 (95)
Proceeds from maturities of fixed maturities 507 979
Proceeds from sales of investments, fixed maturities 183 351
Proceeds from sales of investments, equity securities 10 5
Proceeds from sales of investments, real estate investments 69 7
Proceeds from sales of investments, other investments 64 48
Purchases of investments, fixed maturities (1,162) (1,192)
Purchases of investments, equity securities (10) (6)
Purchases of investments, real estate investments (7) (6)
Purchases of investments, other investments (39) (29)
Net sales (purchases) of short-term securities 317 6
Securities transactions in course of settlement 131 130
Other investing activities (1) (1)
Net cash provided by (used in) investing activities 62 292
Dividends paid to parent company (217) (230)
Net cash used in financing activities (217) (230)
Effect of exchange rate changes on cash   (7)
Net decrease in cash (5) (40)
Cash at beginning of year 153 151
Cash at end of period 148 111
Income taxes paid (received) 17 52
Travelers [Member]    
Consolidating Statement of Cash Flows    
Net income 691 833
Net adjustments to reconcile net income to net cash provided by (used in) operating activities 115 16
Net cash provided by operating activities 806 849
Proceeds from maturities of fixed maturities 2  
Proceeds from sales of investments, fixed maturities 1  
Purchases of investments, fixed maturities (4)  
Purchases of investments, equity securities (1) (1)
Net sales (purchases) of short-term securities (80) (117)
Securities transactions in course of settlement 1  
Net cash provided by (used in) investing activities (81) (118)
Treasury stock acquired - share repurchase authorization (550) (600)
Treasury stock acquired - net employee share-based compensation (59) (71)
Dividends paid to shareholders (180) (177)
Issuance of common stock - employee share options 64 90
Excess tax benefits from share-based payment arrangements   27
Net cash used in financing activities (725) (731)
Cash at beginning of year 2 2
Cash at end of period 2 2
Income taxes paid (received) (5) (64)
Interest paid 26 18
Eliminations [Member]    
Consolidating Statement of Cash Flows    
Net income (730) (887)
Net adjustments to reconcile net income to net cash provided by (used in) operating activities (52) 105
Net cash provided by operating activities (782) (782)
Dividends paid to parent company 782 782
Net cash used in financing activities $ 782 $ 782