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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows from Operating Activities    
Net Income $ 1,776 $ 1,443
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase (Decrease) in Unpaid Losses and Loss Expenses, Net (303) 237
Increase in Unearned Premiums, Net 160 51
Decrease in Premiums Receivable 40 82
Change in Income Tax Payable or Recoverable 26 (1)
Amortization of Premiums and Discounts on Fixed Maturities 138 121
Depreciation 42 39
Realized Investment Gains, Net (335) (103)
Other, Net (223) (29)
Net Cash Provided by Operating Activities 1,321 1,840
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 1,781 1,838
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 3,525 2,985
Proceeds from Sales of Equity Securities 399 128
Purchases of Fixed Maturities (6,464) (5,505)
Purchases of Equity Securities (98) (88)
Investments in Other Invested Assets, Net 394 248
Decrease (Increase) in Short Term Investments, Net 629 (384)
Change in Receivable or Payable from Security Transactions Not Settled, Net 88 136
Purchases of Property and Equipment, Net (38) (31)
Net Cash Provided by (Used in) Investing Activities 216 (673)
Cash Flows from Financing Activities    
Repayment of Long Term Debt (275)  
Decrease in Funds Held Under Deposit Contracts (5) (8)
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 38 68
Repurchase of Shares (962) (903)
Dividends Paid to Shareholders (337) (329)
Net Cash Used in Financing Activities (1,541) (1,172)
Net Decrease in Cash (4) (5)
Cash at Beginning of Year 50 58
Cash at End of Period $ 46 $ 53