XML 17 R55.htm IDEA: XBRL DOCUMENT v2.4.0.8
Information Provided In Connection With Outstanding Debt Of Subsidiaries (Condensed Consolidating Statement Of Cash Flows) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities $ 1,250 $ 913
Purchases of fixed maturities available for sale (3,522) (5,465)
Purchases of fixed maturities held to maturity (30) (142)
Purchases of equity securities (37) (107)
Sales of fixed maturities available for sale 2,208 2,764
Sales of equity securities 27 31
Maturities and redemptions of fixed maturities available for sale 1,550 2,016
Maturities and redemptions of fixed maturities held to maturity 212 491
Payments to Acquire Short-term Investments (765) (687)
Net derivative instruments settlements (96) (279)
Acquisition of subsidiaries 0 (33)
Other (50) (55)
Net cash flows used for investing activities (503) (1,466)
Dividends paid on Common Shares (214) (2)
Common Shares repurchased (335) (154)
Proceeds from issuance of long-term debt 0 947
Net proceeds from (repayments) issuance of short-term debt   1
Proceeds from share-based compensation plans, including windfall tax benefits 40 21
Other 37 0
Net cash flows (used for) from financing activities (472) 813
Effect of foreign currency rate changes on cash and cash equivalents (7) (20)
Net increase in cash 268 240
Cash – beginning of period 579 [1],[2] 615 [3]
Cash – end of period 847 [1],[4] 855 [3]
ACE Limited (Parent Guarantor)
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities 57 25
Sales of fixed maturities available for sale   0
Net derivative instruments settlements 0 0
Net cash flows used for investing activities 0 0
Dividends paid on Common Shares (214) (2)
Net proceeds from (repayments) issuance of short-term debt   0
Proceeds from share-based compensation plans, including windfall tax benefits 0 0
Advances (to) from affiliates 367 71
Net proceeds from (payments to) affiliated notional cash pooling program (185) [1] 0 [3]
Net cash flows (used for) from financing activities (32) 69
Net increase in cash 25 94
Cash – beginning of period 0 [1],[2] 103 [3]
Cash – end of period 25 [1],[4] 197 [3]
ACE INA Holdings Inc (Subsidiary Issuer)
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities (13) (19)
Purchases of fixed maturities available for sale 0 0
Purchases of fixed maturities held to maturity 0 0
Purchases of equity securities 0 0
Sales of fixed maturities available for sale 0 0
Sales of equity securities 0 0
Maturities and redemptions of fixed maturities available for sale 0 0
Maturities and redemptions of fixed maturities held to maturity 0 0
Proceeds from Sale of Short-term Investments   4
Payments to Acquire Short-term Investments (8)  
Net derivative instruments settlements (9) 0
Acquisition of subsidiaries   0
Payment Of Contributions To Subsidiary   (27)
Other (3) 2
Net cash flows used for investing activities (20) (21)
Proceeds from issuance of long-term debt   947
Net proceeds from (repayments) issuance of short-term debt   0
Proceeds from share-based compensation plans, including windfall tax benefits 0  
Advances (to) from affiliates (367) (71)
Capital contribution   0
Net proceeds from (payments to) affiliated notional cash pooling program 385 [1] (349) [3]
Other 0  
Net cash flows (used for) from financing activities 18 527
Effect of foreign currency rate changes on cash and cash equivalents 0 0
Net increase in cash (15) 487
Cash – beginning of period 16 [1],[2] 2 [3]
Cash – end of period 1 [1],[4] 489 [3]
Other ACE Limited Subsidiaries
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities 1,206 907
Purchases of fixed maturities available for sale (3,522) (5,568)
Purchases of fixed maturities held to maturity (30) (142)
Purchases of equity securities (37) (107)
Sales of fixed maturities available for sale 2,208 2,867
Sales of equity securities 27 31
Maturities and redemptions of fixed maturities available for sale 1,550 2,016
Maturities and redemptions of fixed maturities held to maturity 212 491
Payments to Acquire Short-term Investments (757) (691)
Net derivative instruments settlements (87) (279)
Acquisition of subsidiaries   (33)
Payment Of Contributions To Subsidiary   0
Other (47) (57)
Net cash flows used for investing activities (483) (1,472)
Dividends paid on Common Shares 0  
Common Shares repurchased (335) (154)
Net proceeds from (repayments) issuance of short-term debt   1
Proceeds from share-based compensation plans, including windfall tax benefits 40 21
Advances (to) from affiliates 0 0
Cash Dividends Paid to Parent Company   0
Capital contribution   27
Net proceeds from (payments to) affiliated notional cash pooling program 0 [1] 0 [3]
Other 37  
Net cash flows (used for) from financing activities (258) (105)
Effect of foreign currency rate changes on cash and cash equivalents (7) (20)
Net increase in cash 458 (690)
Cash – beginning of period 748 [1],[2] 859 [3]
Cash – end of period 1,206 [1],[4] 169 [3]
Consolidating Adjustments and Eliminations
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities 0 0
Purchases of fixed maturities available for sale 0 103
Purchases of fixed maturities held to maturity 0 0
Purchases of equity securities 0 0
Sales of fixed maturities available for sale 0 (103)
Sales of equity securities 0 0
Maturities and redemptions of fixed maturities available for sale 0 0
Maturities and redemptions of fixed maturities held to maturity 0 0
Net derivative instruments settlements 0 0
Acquisition of subsidiaries   0
Payment Of Contributions To Subsidiary   27
Other 0 0
Net cash flows used for investing activities 0 27
Dividends paid on Common Shares 0  
Common Shares repurchased 0 0
Net proceeds from (repayments) issuance of short-term debt   0
Proceeds from share-based compensation plans, including windfall tax benefits 0 0
Advances (to) from affiliates 0 0
Cash Dividends Paid to Parent Company   0
Capital contribution   (27)
Net proceeds from (payments to) affiliated notional cash pooling program (200) [1] 349 [3]
Net cash flows (used for) from financing activities (200) 322
Effect of foreign currency rate changes on cash and cash equivalents 0 0
Net increase in cash (200) 349
Cash – beginning of period (185) [1],[2] (349) [3]
Cash – end of period (385) [1],[4] 0 [3]
Scenario, Previously Reported [Member]
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities   913
Purchases of fixed maturities available for sale   (6,152)
Purchases of fixed maturities held to maturity   (142)
Purchases of equity securities   (107)
Sales of fixed maturities available for sale   2,764
Sales of equity securities   31
Maturities and redemptions of fixed maturities available for sale   2,016
Maturities and redemptions of fixed maturities held to maturity   491
Net derivative instruments settlements   (279)
Acquisition of subsidiaries   (33)
Other   (55)
Net cash flows used for investing activities   (1,466)
Dividends paid on Common Shares   (2)
Common Shares repurchased   (154)
Proceeds from issuance of long-term debt   947
Net proceeds from (repayments) issuance of short-term debt   1
Proceeds from share-based compensation plans, including windfall tax benefits   21
Net cash flows (used for) from financing activities   813
Effect of foreign currency rate changes on cash and cash equivalents   (20)
Net increase in cash   240
Cash – beginning of period   615
Cash – end of period   855 [5]
Scenario, Previously Reported [Member] | ACE Limited (Parent Guarantor)
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities   53
Sales of fixed maturities available for sale   0
Net derivative instruments settlements   0
Payments To From Affiliates   43
Net cash flows used for investing activities   43
Dividends paid on Common Shares   (2)
Net proceeds from (repayments) issuance of short-term debt   0
Proceeds from share-based compensation plans, including windfall tax benefits   0
Advances (to) from affiliates   0
Net cash flows (used for) from financing activities   (2)
Net increase in cash   94
Cash – beginning of period   103
Cash – end of period   197 [5]
Scenario, Previously Reported [Member] | ACE INA Holdings Inc (Subsidiary Issuer)
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities   644
Purchases of fixed maturities available for sale   (3,825)
Purchases of fixed maturities held to maturity   (137)
Purchases of equity securities   (89)
Sales of fixed maturities available for sale   1,473
Sales of equity securities   25
Maturities and redemptions of fixed maturities available for sale   879
Maturities and redemptions of fixed maturities held to maturity   351
Net derivative instruments settlements   4
Acquisition of subsidiaries   (33)
Other   (86)
Net cash flows used for investing activities   (1,438)
Proceeds from issuance of long-term debt   947
Net proceeds from (repayments) issuance of short-term debt   0
Proceeds from share-based compensation plans, including windfall tax benefits   (8)
Advances (to) from affiliates   (71)
Net cash flows (used for) from financing activities   868
Effect of foreign currency rate changes on cash and cash equivalents   (29)
Net increase in cash   45
Cash – beginning of period   515
Cash – end of period   560 [5]
Scenario, Previously Reported [Member] | Other ACE Limited Subsidiaries
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities   216 [6]
Purchases of fixed maturities available for sale   (2,327) [6]
Purchases of fixed maturities held to maturity   (5) [6]
Purchases of equity securities   (18) [6]
Sales of fixed maturities available for sale   1,291 [6]
Sales of equity securities   6 [6]
Maturities and redemptions of fixed maturities available for sale   1,137 [6]
Maturities and redemptions of fixed maturities held to maturity   140 [6]
Net derivative instruments settlements   (283) [6]
Acquisition of subsidiaries   0 [6]
Other   31 [6]
Net cash flows used for investing activities   (28) [6]
Common Shares repurchased   (154) [6]
Net proceeds from (repayments) issuance of short-term debt   1 [6]
Proceeds from share-based compensation plans, including windfall tax benefits   29 [6]
Advances (to) from affiliates   28 [6]
Net cash flows (used for) from financing activities   (96) [6]
Effect of foreign currency rate changes on cash and cash equivalents   9 [6]
Net increase in cash   101 [6]
Cash – beginning of period   (3) [6]
Cash – end of period   98 [5],[6]
Scenario, Previously Reported [Member] | Consolidating Adjustments and Eliminations
   
Information Provided In Connection With Outstanding Debt Of Subsidiaries [Line Items]    
Net cash flows from operating activities   0 [7]
Purchases of fixed maturities available for sale   0 [7]
Purchases of fixed maturities held to maturity   0 [7]
Purchases of equity securities   0 [7]
Sales of fixed maturities available for sale   0 [7]
Sales of equity securities   0 [7]
Maturities and redemptions of fixed maturities available for sale   0 [7]
Maturities and redemptions of fixed maturities held to maturity   0 [7]
Net derivative instruments settlements   0 [7]
Payments To From Affiliates   (43) [7]
Acquisition of subsidiaries   0 [7]
Other   0 [7]
Net cash flows used for investing activities   (43) [7]
Common Shares repurchased   0 [7]
Net proceeds from (repayments) issuance of short-term debt   0 [7]
Proceeds from share-based compensation plans, including windfall tax benefits   0 [7]
Advances (to) from affiliates   43 [7]
Net cash flows (used for) from financing activities   43 [7]
Effect of foreign currency rate changes on cash and cash equivalents   0 [7]
Net increase in cash   0 [7]
Cash – beginning of period   0 [7]
Cash – end of period   $ 0 [5],[7]
[1] ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At March 31, 2014 and December 31, 2013, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[2] ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At December 31, 2013, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[3] ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At March 31, 2013 and 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 multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At March 31, 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[5] ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Various ACE entities participate in one or the other of the Pools, pursuant to which credit and debit balances in individual ACE accounts are translated daily into a single currency and pooled on a notional basis. Individual ACE entities are permitted to overdraw on their individual accounts provided the overall Pool balances do not fall below zero. At December 31, 2012, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[6] Includes all other subsidiaries of ACE Limited and intercompany eliminations.
[7] Includes ACE Limited parent company eliminations and certain consolidating adjustments.