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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net Income $ 1,470 $ 1,542
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Increase in Unpaid Losses and Loss Expenses, Net 176 151
Increase in Unearned Premiums, Net 182 242
Change in Income Tax Payable or Recoverable (45) 163
Deferred Income Tax 107 66
Amortization of Premiums and Discounts on Fixed Maturities 173 143
Depreciation 39 41
Realized Investment Gains, Net (113) (351)
Other, Net (32) (78)
Net Cash Provided by Operating Activities 1,957 1,919
Cash Flows from Investing Activities    
Proceeds from Fixed Maturities - Sales 3,197 3,243
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions 3,207 3,162
Proceeds from Sales of Equity Securities 94 199
Purchases of Fixed Maturities (5,683) (7,517)
Purchases of Equity Securities (48) (109)
Investments in Other Invested Assets, Net 74 189
Decrease (Increase) in Short Term Investments, Net (1,757) 56
Change in Receivable or Payable from Security Transactions Not Settled, Net 14 457
Purchases of Property and Equipment, Net (54) (44)
Net Cash Used in Investing Activities (956) (364)
Cash Flows from Financing Activities    
Decrease in Funds Held Under Deposit Contracts (3) (2)
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans 13 18
Repurchase of Shares (624) (1,210)
Dividends Paid to Shareholders (381) (356)
Net Cash Used in Financing Activities (995) (1,550)
Net Increase in Cash 6 5
Cash at Beginning of Year 47 52
Cash at End of Period $ 53 $ 57