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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 $ 2,706 $ 1,540 $ 3,085
Adjustments to reconcile net income to net cash flows from operating activities      
Net realized (gains) losses (78) 795 (432)
Amortization of premiums/discounts on fixed maturities 220 152 145
Deferred income taxes (7) 15 110
Unpaid losses and loss expenses 203 43 (360)
Unearned premiums 522 9 262
Future policy benefits 158 78 48
Insurance and reinsurance balances payable (151) 216 (172)
Accounts payable, accrued expenses, and other liabilities (42) 39 130
Income taxes payable (167) 39 10
Insurance and reinsurance balances receivable 335 (217) 50
Reinsurance recoverable on losses and loss expenses 372 531 626
Reinsurance recoverable on policy benefits 52 25 49
Deferred policy acquisition costs (340) (122) (170)
Prepaid reinsurance premiums (123) (34) (13)
Other 335 361 178
Net cash flows from operating activities 3,995 3,470 3,546
Cash flows from investing activities      
Purchases of fixed maturities available for sale (23,455) (23,823) (29,985)
Purchases of to be announced mortgage-backed securities (389) (755) (1,271)
Purchases of fixed maturities held to maturity (388) (340) (616)
Purchases of equity securities (135) (309) (794)
Sales of fixed maturities available for sale 14,321 17,176 23,096
Sales of to be announced mortgage-backed securities 448 795 1,183
Sales of equity securities 119 376 774
Maturities and redemptions of fixed maturities available for sale 5,523 3,720 3,660
Maturities and redemptions of fixed maturities held to maturity 1,451 1,279 1,353
Net derivative instruments settlements (281) (67) (109)
Acquisition of subsidiaries (net of cash acquired of $8, $91 and $80) (98) (606) (1,139)
Other (555) (482) (333)
Net cash flows from (used for) investing activities (3,439) (3,036) (4,181)
Cash flows from financing activities      
Dividends paid on Common Shares (815) (459) (435)
Common Shares repurchased (11) (195) (235)
Proceeds from issuance of short-term debt 2,933 5,238 1,300
Repayment of short-term debt (2,783) (5,288) (159)
Proceeds from issuances of long-term debt       699
Repayments of Long-term Debt       (500)
Proceeds from share-based compensation plans 126 139 62
Net cash flows from (used for) financing activities (550) (565) 732
Effect of foreign currency rate changes on cash and cash equivalents (5) (27) 6
Net increase (decrease) in cash 1 (158) 103
Cash - beginning of period 614 772 [1],[2] 669 [1]
Cash - end of period 615 [3],[4] 614 772 [1],[2]
Supplemental cash flow information      
Taxes paid 438 460 434
Interest paid $ 240 $ 234 $ 204
[1] ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2010 and 2009, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[2] ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2010, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[3] ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1f) for additional information. At December 31, 2012, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[4] ACE maintains two notional multi-currency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2012, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.