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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Premiums collected $ 2,115 $ 2,011
Net investment income received 224 217
Limited partnership distributions 67 48
Service agreement fee received 17 17
Commissions and bonuses paid to agents (313) (290)
Losses paid (1,409) (1,216)
Loss expenses paid (214) (212)
Other underwriting and acquisition costs paid (274) (278)
Income taxes paid (13) (85)
Net cash provided by operating activities 200 212
Purchase of investments:    
Fixed maturities (1,159) (930)
Preferred stock (71) (112)
Common stock (823) (546)
Limited partnerships (69) (59)
Sales/maturities of investments:    
Fixed maturity sales 398 359
Fixed maturity calls/maturities 474 509
Preferred stock 53 66
Common stock 739 538
Sale of and returns on limited partnerships 57 15
Disposal (purchase) of property and equipment 3 (21)
Net collections on agent loans 1 1
Net cash used in investing activities (397) (180)
Cash flows from financing activities    
Annuity and supplementary contract deposits and interest 51 61
Annuity and supplementary contract surrenders and withdrawals (40) (39)
Universal life deposits and interest 18 21
Universal life surrenders (11) (19)
Purchase of treasury stock (90) (17)
Dividends paid to shareholders (52) (50)
Net cash used in financing activities (124) (43)
Net decrease in cash and cash equivalents (321) (11)
Cash and cash equivalents at beginning of period 430 234
Cash and cash equivalents at end of period $ 109 $ 223