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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Premiums collected$ 3,213$ 3,068
Net investment income received340325
Limited partnership distributions9388
Service agreement fee received2526
Commissions and bonuses paid to agents(450)(414)
Losses paid(2,221)(1,808)
Loss expenses paid(331)(321)
Other underwriting and acquisition costs paid(406)(394)
Income taxes paid(38)(105)
Net cash provided by operating activities225465
Purchase of investments:  
Fixed maturities(1,482)(1,415)
Preferred stock(100)(146)
Common stock(1,198)(787)
Limited partnerships(108)(105)
Sales/maturities of investments:  
Fixed maturity sales525486
Fixed maturity calls/maturities722794
Preferred stock63117
Common stock1,107740
Sale of and returns on limited partnerships8240
Purchase of property and equipment(5)(27)
Net (distributions) collections on agent loans(1)2
Net cash used in investing activities(395)(301)
Cash flows from financing activities  
Annuity and supplementary contract deposits and interest7487
Annuity and supplementary contract surrenders and withdrawals(60)(59)
Universal life deposits and interest2430
Universal life surrenders(13)(26)
Purchase of treasury stock(132)(44)
Dividends paid to shareholders(77)(74)
Net cash used in financing activities(184)(86)
Net (decrease) increase in cash and cash equivalents(354)78
Cash and cash equivalents at beginning of period430234
Cash and cash equivalents at end of period$ 76$ 312