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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net Income $ 1,542 $ 1,776
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase (Decrease) in Unpaid Losses and Loss Expenses, Net 151 (303)
Increase in Unearned Premiums, Net 242 160
Change in Income Tax Payable or Recoverable 163 26
Amortization of Premiums and Discounts on Fixed Maturities 143 138
Depreciation 41 42
Realized Investment Gains, Net (351) (335)
Other, Net (12) (183)
Net Cash Provided by Operating Activities 1,919 1,321
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 3,243 1,781
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 3,162 3,525
Proceeds from Sales of Equity Securities 199 399
Purchases of Fixed Maturities (7,517) (6,464)
Purchases of Equity Securities (109) (98)
Investments in Other Invested Assets, Net 189 394
Decrease in Short Term Investments, Net 56 629
Change in Receivable or Payable from Security Transactions Not Settled, Net 457 88
Purchases of Property and Equipment, Net (44) (38)
Net Cash Provided by (Used in) Investing Activities (364) 216
Cash Flows from Financing Activities    
Repayment of Long Term Debt   (275)
Decrease in Funds Held Under Deposit Contracts (2) (5)
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 18 38
Repurchase of Shares (1,210) (962)
Dividends Paid to Shareholders (356) (337)
Net Cash Used in Financing Activities (1,550) (1,541)
Net Increase (Decrease) in Cash 5 (4)
Cash at Beginning of Year 52 50
Cash at End of Period $ 57 $ 46