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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net Income $ 1,545 $ 1,678 $ 2,174
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Increase in Unpaid Losses and Loss Expenses, Net 691 361 145
Increase in Unearned Premiums, Net 32 114 21
Decrease (Increase) in Premiums Receivable (24) (63) 3
Change in Income Tax Payable or Recoverable (53) (102) 178
Deferred Income Tax 32 25 136
Amortization of Premiums and Discounts on Fixed Maturities 163 147 154
Depreciation 54 58 63
Realized Investment Gains, Net (193) (288) (426)
Other, Net 52 (52) (117)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,299 1,878 2,331
Cash Flows from Investing Activities      
Proceeds from Fixed Maturities - Sales 2,271 1,730 2,287
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 4,290 3,540 2,856
Proceeds from Sales of Equity Securities 160 167 129
Purchases of Fixed Maturities (7,247) (5,014) (5,176)
Purchases of Equity Securities (112) (95) (156)
Investments in Other Invested Assets, Net 293 285 173
Decrease (Increase) in Short Term Investments, Net (629) 11 38
Increase (Decrease) in Net Payable from Security Transactions not Settled 45 8 (24)
Purchases of Property and Equipment, Net (43) (52) (54)
Other, Net     (6)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (972) 580 67
Cash Flows from Financing Activities      
Repayment of Long Term Debt   (400)  
Increase (Decrease) in Funds Held under Deposit Contracts (12) 7 22
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 74 80 74
Repurchase of Shares (959) (1,707) (2,003)
Dividends Paid to Shareholders (438) (450) (472)
NET CASH USED IN FINANCING ACTIVITIES (1,335) (2,470) (2,379)
Net Increase (Decrease) in Cash (8) (12) 19
Cash at Beginning of Year 58 70 51
CASH AT END OF YEAR $ 50 $ 58 $ 70