XML 20 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities    
Net Income $ 656 $ 506
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase (Decrease) in Unpaid Losses and Loss Expenses, Net (270) 56
Increase (Decrease) in Unearned Premiums, Net 53 (2)
Decrease in Premiums Receivable 4 37
Change in Income Tax Payable or Recoverable 168 48
Amortization of Premiums and Discounts on Fixed Maturities 44 37
Depreciation 14 13
Realized Investment Gains, Net (138) (56)
Other, Net (232) (267)
Net Cash Provided by Operating Activities 299 372
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 450 805
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 943 733
Proceeds from Sales of Equity Securities 106 45
Purchases of Fixed Maturities (1,909) (1,704)
Purchases of Equity Securities (36) (37)
Investments in Other Invested Assets, Net 139 47
Decrease in Short Term Investments, Net 659 121
Change in Receivable or Payable from Security Transactions Not Settled, Net (244) 21
Purchases of Property and Equipment, Net (15) (10)
Net Cash Provided by Investing Activities 93 21
Cash Flows from Financing Activities    
Decrease in Funds Held Under Deposit Contracts (4) (2)
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 34 53
Repurchase of Shares (309) (325)
Dividends Paid to Shareholders (108) (107)
Net Cash Used in Financing Activities (387) (381)
Net Increase in Cash 5 12
Cash at Beginning of Year 50 58
Cash at End of Period $ 55 $ 70