Chubb Corp. (CB) Cash Flow Statement

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Net Income	1.47B
Increase in Unpaid Losses and Loss Expenses, Net	176M
Increase in Unearned Premiums, Net	182M
Increase in Premiums Receivable
Change in Income Tax Payable or Recoverable	-45M
Amortization of Premiums and Discounts on Fixed Maturities	173M
Depreciation
Realized Investment Gains, Net	-113M
Other, Net	-32M
Net Cash Provided by Operating Activities
Proceeds from Fixed Maturities - Sales	3.2B
Proceeds from Fixed Maturities - Maturities, Calls and Redemptions	3.21B
Proceeds from Sales of Equity Securities	94M
Purchases of Fixed Maturities	-5.68B
Purchases of Equity Securities	-48M
Investments in Other Invested Assets, Net	74M
Decrease (Increase) in Short Term Investments, Net	-1.76B
Increase in Net Payable from Security Transactions Not Settled	14M
Purchases of Property and Equipment, Net	-54M
Net Cash Provided by Investing Activities
Increase in Funds Held Under Deposit Contracts	-3M
Proceeds from Issuance of Common Stock Under Stock-Based Employee Compensation Plans	13M
Repurchase of Shares	-624M
Dividends Paid to Shareholders	-381M
Net Cash Used in Financing Activities
Net Increase (Decrease) in Cash
Cash at Beginning of Year	47M
Cash at End of Period	53M

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