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Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net income $ 2,853us-gaap_NetIncomeLoss $ 3,758us-gaap_NetIncomeLoss $ 2,706us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash flows from operating activities      
Net realized (gains) losses 507ace_NetRealizedGainsLosses (504)ace_NetRealizedGainsLosses (78)ace_NetRealizedGainsLosses
Amortization of premiums/discounts on fixed maturities 188us-gaap_AmortizationOfFinancingCostsAndDiscounts 268us-gaap_AmortizationOfFinancingCostsAndDiscounts 220us-gaap_AmortizationOfFinancingCostsAndDiscounts
Deferred income taxes 145us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 240us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (7)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Unpaid losses and loss expenses 317us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve (365)us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve 203us-gaap_IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
Unearned premiums 441us-gaap_IncreaseDecreaseInUnearnedPremiums 402us-gaap_IncreaseDecreaseInUnearnedPremiums 522us-gaap_IncreaseDecreaseInUnearnedPremiums
Future policy benefits 236us-gaap_IncreaseDecreaseInFuturePolicyBenefitReserves 191us-gaap_IncreaseDecreaseInFuturePolicyBenefitReserves 158us-gaap_IncreaseDecreaseInFuturePolicyBenefitReserves
Insurance and reinsurance balances payable 376us-gaap_IncreaseDecreaseInReinsurancePayables 176us-gaap_IncreaseDecreaseInReinsurancePayables (151)us-gaap_IncreaseDecreaseInReinsurancePayables
Accounts payable, accrued expenses, and other liabilities 13us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 37us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (42)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes payable 103us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (45)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (167)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Insurance and reinsurance balances receivable (469)us-gaap_IncreaseDecreaseInPremiumsReceivable (624)us-gaap_IncreaseDecreaseInPremiumsReceivable 335us-gaap_IncreaseDecreaseInPremiumsReceivable
Reinsurance recoverable on losses and loss expenses 119ace_IncreaseDecreaseInReinsuranceRecoverableLossesAndLossExpenses 787ace_IncreaseDecreaseInReinsuranceRecoverableLossesAndLossExpenses 372ace_IncreaseDecreaseInReinsuranceRecoverableLossesAndLossExpenses
Reinsurance recoverable on policy benefits 4ace_IncreaseDecreaseInReinsuranceRecoverableFuturePolicyBenefits 23ace_IncreaseDecreaseInReinsuranceRecoverableFuturePolicyBenefits 52ace_IncreaseDecreaseInReinsuranceRecoverableFuturePolicyBenefits
Deferred policy acquisition costs (397)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (503)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (340)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Prepaid reinsurance premiums (89)us-gaap_IncreaseDecreaseInPrepaidReinsurancePremiums (31)us-gaap_IncreaseDecreaseInPrepaidReinsurancePremiums (123)us-gaap_IncreaseDecreaseInPrepaidReinsurancePremiums
Other 149us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 212us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 335us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash flows from operating activities 4,496us-gaap_NetCashProvidedByUsedInOperatingActivities 4,022us-gaap_NetCashProvidedByUsedInOperatingActivities 3,995us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Purchases of fixed maturities available for sale (15,553)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (21,340)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (23,572)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Purchases of to be announced mortgage-backed securities   (58)ace_PaymentsToAcquireToBeAnnouncedMortgageBackedSecurities (389)ace_PaymentsToAcquireToBeAnnouncedMortgageBackedSecurities
Purchases of fixed maturities held to maturity (267)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (447)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (388)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Purchases of equity securities (251)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (264)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (135)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Sales of fixed maturities available for sale 7,482us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 10,355us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 14,321us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Sales of to be announced mortgage-backed securities   58ace_ProceedsFromSalesToBeAnnouncedMortgageBackedSecurities 448ace_ProceedsFromSalesToBeAnnouncedMortgageBackedSecurities
Sales of equity securities 670us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 142us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 119us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Maturities and redemptions of fixed maturities available for sale 6,413us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 6,941us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 5,523us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Maturities and redemptions of fixed maturities held to maturity 875us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 1,488us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 1,451us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Net change in short-term investments (603)us-gaap_PaymentsForProceedsFromShortTermInvestments 524us-gaap_PaymentsForProceedsFromShortTermInvestments 117us-gaap_PaymentsForProceedsFromShortTermInvestments
Net derivative instruments settlements (230)us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities (471)us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities (281)us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
Acquisition of subsidiaries (net of cash acquired of $20, $38, and $8) (766)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (977)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (98)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Other (274)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (393)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (555)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash flows used for investing activities (2,504)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,442)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,439)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Dividends paid on Common Shares (862)us-gaap_PaymentsOfDividendsCommonStock (517)us-gaap_PaymentsOfDividendsCommonStock (815)us-gaap_PaymentsOfDividendsCommonStock
Common Shares repurchased (1,429)us-gaap_PaymentsForRepurchaseOfCommonStock (287)us-gaap_PaymentsForRepurchaseOfCommonStock (11)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from issuance of long-term debt 699us-gaap_ProceedsFromIssuanceOfLongTermDebt 947us-gaap_ProceedsFromIssuanceOfLongTermDebt  
Proceeds from issuance of short-term debt 1,978us-gaap_ProceedsFromShortTermDebt 2,572us-gaap_ProceedsFromShortTermDebt 2,933us-gaap_ProceedsFromShortTermDebt
Repayment of short-term debt (1,977)us-gaap_RepaymentsOfShortTermDebt (2,572)us-gaap_RepaymentsOfShortTermDebt (2,783)us-gaap_RepaymentsOfShortTermDebt
Repayments of Long-term Debt (501)us-gaap_RepaymentsOfLongTermDebt    
Proceeds from share-based compensation plans, including windfall tax benefits 127us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 135us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 126us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Other 188us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 113us-gaap_ProceedsFromPaymentsForOtherFinancingActivities  
Net cash flows (used for) from financing activities (1,777)us-gaap_NetCashProvidedByUsedInFinancingActivities 391us-gaap_NetCashProvidedByUsedInFinancingActivities (550)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign currency rate changes on cash and cash equivalents (139)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (7)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (5)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash 76us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (36)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash – beginning of year 579us-gaap_CashAndCashEquivalentsAtCarryingValue [1],[2],[3] 615us-gaap_CashAndCashEquivalentsAtCarryingValue [1],[4] 614us-gaap_CashAndCashEquivalentsAtCarryingValue [4]
Cash – end of year 655us-gaap_CashAndCashEquivalentsAtCarryingValue [2],[5] 579us-gaap_CashAndCashEquivalentsAtCarryingValue [1],[2],[3] 615us-gaap_CashAndCashEquivalentsAtCarryingValue [1],[4]
Supplemental cash flow information      
Taxes paid 349us-gaap_IncomeTaxesPaidNet 218us-gaap_IncomeTaxesPaidNet 438us-gaap_IncomeTaxesPaidNet
Interest paid $ 264us-gaap_InterestPaidNet $ 253us-gaap_InterestPaidNet $ 240us-gaap_InterestPaidNet
[1] (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, 2013 and 2012, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[2] (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, 2014 and 2013, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[3] (1) ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2013, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[4] (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, 2012 and 2011, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.
[5] (1) ACE maintains two notional multicurrency cash pools (Pools) with a third-party bank. Refer to Note 1 f) for additional information. At December 31, 2014, the cash balance of one or more entities was negative; however, the overall Pool balances were positive.