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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Premiums collected $ 4,276 $ 4,055 $ 3,964
Net investment income received 458 445 421
Limited partnership distributions 166 122 81
Service agreement fee received 33 34 35
Commissions and bonuses paid to agents (583) (532) (535)
Losses paid (2,953) (2,398) (2,241)
Loss expenses paid (439) (419) (405)
Other underwriting and acquisition costs paid (531) (517) (552)
Income taxes (paid) recovered (67) (69) 121
Net cash provided by operating activities 360 721 889
Purchase of investments:      
Fixed maturities (1,801) (1,760) (1,938)
Preferred stock (119) (179) (176)
Common stock (1,742) (1,495) (1,450)
Limited partnerships (209) (165) (174)
Sales/maturities of investments:      
Fixed maturity sales 631 562 510
Fixed maturity calls/maturities 950 1,009 734
Preferred stock 113 135 210
Common stock 1,652 1,376 1,394
Sale of and returns on limited partnerships 163 142 15
Purchase of property and equipment (11) (33) (14)
Net (distributions) collections on agent loans (1) 3 (2)
Net (distributions) collections on life policy loans (1) 0 1
Net cash (used in) provided by investing activities (375) (405) (890)
Cash flows from financing activities      
Annuity and supplementary contract deposits and interest 95 111 183
Annuity and supplementary contract surrenders and withdrawals (81) (79) (129)
Universal life deposits and interest 29 38 39
Universal life surrenders (16) (35) (39)
Purchase of treasury stock (155) (57) (3)
Dividends paid to shareholders (102) (98) (93)
Decrease in collateral from securities lending 0 0 (285)
Redemption of securities lending collateral 0 0 285
Net cash used in financing activities (230) (120) (42)
Net (decrease) increase in cash and cash equivalents (245) 196 (43)
Cash and cash equivalents at beginning of year 430 234 277
Cash and cash equivalents at end of year $ 185 $ 430 $ 234