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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows from Operating Activities    
Net Income $ 1,235 $ 910
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase (Decrease) in Unpaid Losses and Loss Expenses, Net (299) 279
Increase in Unearned Premiums, Net 158 115
Increase in Premiums Receivable (130) (118)
Change in Income Tax Payable or Recoverable 27 (100)
Amortization of Premiums and Discounts on Fixed Maturities 91 77
Depreciation 28 26
Realized Investment Gains, Net (317) (103)
Other, Net (229) (200)
Net Cash Provided by Operating Activities 564 886
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 1,138 1,176
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 2,353 1,946
Proceeds from Sales of Equity Securities 273 63
Purchases of Fixed Maturities (4,053) (3,477)
Purchases of Equity Securities (92) (70)
Investments in Other Invested Assets, Net 280 179
Decrease (Increase) in Short Term Investments, Net 514 (117)
Change in Receivable or Payable from Security Transactions Not Settled, Net 165 221
Purchases of Property and Equipment, Net (25) (21)
Net Cash Provided by (Used In) Investing Activities 553 (100)
Cash Flows from Financing Activities    
Repayment of Long Term Debt (275)  
Decrease in Funds Held Under Deposit Contracts (4) (6)
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 36 60
Repurchase of Shares (634) (618)
Dividends Paid to Shareholders (223) (219)
Net Cash Used in Financing Activities (1,100) (783)
Net Increase in Cash 17 3
Cash at Beginning of Year 50 58
Cash at End of Period $ 67 $ 61