XML 23 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities    
Net income $ 1,443 $ 1,226
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase in Unpaid Losses and Loss Expenses, Net 237 728
Increase in Unearned Premiums, Net 51 94
Decrease in Premiums Receivable 82 101
Change in Income Tax Payable or Recoverable (1) (193)
Amortization of Premiums and Discounts on Fixed Maturities 121 111
Depreciation 39 41
Realized Investment Gains, Net (103) (300)
Other, Net (29) (118)
Net Cash Provided by Operating Activities 1,840 1,690
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 1,838 1,184
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 2,985 2,450
Proceeds from Sales of Equity Securities 128 103
Purchases of Fixed Maturities (5,505) (3,660)
Purchases of Equity Securities (88) (67)
Investments in Other Invested Assets, Net 248 198
Increase in Short Term Investments, Net (384) (378)
Increase in Net Payable from Security Transactions Not Settled 136 91
Purchases of Property and Equipment, Net (31) (30)
Net Cash Used in Investing Activities (673) (109)
Cash Flows from Financing Activities    
Increase (Decrease) in Funds Held Under Deposit Contracts (8) 8
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 68 63
Repurchase of Shares (903) (1,327)
Dividends Paid to Shareholders (329) (340)
Net Cash Used in Financing Activities (1,172) (1,596)
Net Decrease in Cash (5) (15)
Cash at Beginning of Year 58 70
Cash at End of Period $ 53 $ 55