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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net income (loss) $ 628 $ 628 $ 759
Adjustments to reconcile net income (loss) to net cash flows provided (used) by operating activities:      
(Income) loss from discontinued operations    1 21
(Gain) loss on disposal of property and equipment 4 9   
Deferred income tax expense (benefit) 147 188 326
Trading portfolio activity (23) 1 153
Net realized investment (gains) losses, net of participating policyholders' interests (63) 2 (86)
Equity method investees (89) 97 (136)
Amortization of investments (55) (64) (117)
Depreciation and amortization 125 79 78
Changes in:      
Receivables, net 49 1,020 (406)
Accrued investment income 4 (17) (15)
Deferred acquisition costs (16) (1) 29
Insurance reserves 430 (237) (805)
Other assets 144 175 142
Other liabilities (49) (187) 53
Other, net 14 10 5
Total adjustments 622 1,076 (758)
Net cash flows provided (used) by operating activities-continuing operations 1,250 1,704 1
Net cash flows provided (used) by operating activities-discontinued operations    (2) (90)
Net cash flows provided (used) by operating activities-total 1,250 1,702 (89)
Dispositions:      
Fixed maturity securities - sales 6,123 7,579 12,514
Fixed maturity securities - maturities, calls and redemptions 3,699 3,055 3,340
Equity securities 86 178 341
Limited partnerships 165 57 126
Mortgage loans 7 2   
Purchases:      
Fixed maturity securities (10,299) (12,168) (16,704)
Equity securities (54) (72) (99)
Limited partnerships (228) (215) (381)
Mortgage loans (174) (149) (87)
Change in other investments 22 17 (8)
Change in short term investments (7) 566 1,629
Purchase of Hardy (197)      
Purchases of property and equipment (94) (84) (53)
Other dispositions 1 171 66
Other, net 16 1 7
Net cash flows provided (used) by investing activities-continuing operations (934) (1,062) 691
Net cash flows provided (used) by investing activities-discontinued operations    2 76
Net cash flows provided (used) by investing activities-total (934) (1,060) 767
Cash Flows from Financing Activities      
Acquisition of CNA Surety noncontrolling interest    (475)   
Dividends paid to common stockholders (162) (108)   
Dividends paid to Loews Corporation for 2008 Senior Preferred       (76)
Payment to redeem 2008 Senior Preferred       (1,000)
Proceeds from the issuance of debt    396 495
Repayment of debt (70) (451) (150)
Stock options exercised 1 2 11
Other, net (8) (8) (22)
Net cash flows provided (used) by financing activities-continuing operations (239) (644) (742)
Net cash flows provided (used) by financing activities-discontinued operations         
Net cash flows provided (used) by financing activities-total (239) (644) (742)
Effect of foreign exchange rate changes on cash 4    1
Net change in cash 81 (2) (63)
Net cash transactions from continuing operations to discontinued operations       (14)
Net cash transactions to discontinued operations from continuing operations       14
Cash, beginning of year 75 77 140
Cash, end of year $ 156 $ 75 $ 77