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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities    
Premiums collected $ 2,253 $ 2,115
Net investment income received 233 224
Limited partnership distributions 54 67
Service agreement fee received 15 17
Commissions and bonuses paid to agents (320) (313)
Losses paid (1,267) (1,409)
Loss expenses paid (232) (214)
Other underwriting and acquisition costs paid (318) (274)
Income taxes paid (227) (13)
Net cash provided by operating activities 191 200
Purchase of investments:    
Fixed maturities (983) (1,159)
Preferred stock (82) (71)
Common stock (518) (823)
Limited partnerships (42) (69)
Sales/maturities of investments:    
Fixed maturity sales 338 398
Fixed maturity calls/maturities 567 474
Preferred stock 67 53
Common stock 503 739
Sale of and returns on limited partnerships 112 57
Net (purchase) disposal of property and equipment (20) 3
Net collections on agent loans 1 1
Net cash used in investing activities (57) (397)
Cash flows from financing activities    
Annuity deposits and interest 49 51
Annuity surrenders and withdrawals (37) (40)
Universal life deposits and interest 11 18
Universal life surrenders (5) (11)
Purchase of treasury stock (44) (90)
Dividends paid to shareholders (53) (52)
Net cash used in financing activities (79) (124)
Net increase (decrease) in cash and cash equivalents 55 (321)
Cash and cash equivalents at beginning of period 185 430
Cash and cash equivalents at end of period $ 240 $ 109