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Consolidated Statement of Earnings (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Property and casualty insurance premiums $ 609 $ 572 $ 1,208 $ 1,151
Life, accident and health premiums 107 113 217 228
Investment income 306 294 606 589
Realized gains (losses) on:        
Securities 19 11 19 15
Subsidiaries     (3)  
Income (loss) of managed investment entities:        
Investment income 26 23 51 45
Loss on change in fair value of assets/liabilities (22) (15) (55) (40)
Other income 48 54 89 98
Total revenues 1,093 1,052 2,132 2,086
Costs and Expenses:        
Property and casualty insurance losses and loss adjustment expenses 413 302 754 606
Property and casualty insurance commissions and other underwriting expenses 207 207 419 411
Annuity benefits 125 118 241 226
Life, accident and health benefits 89 93 185 189
Annuity and supplemental insurance acquisition expenses 52 54 105 103
Interest charges on borrowed money 21 18 42 36
Expenses of managed investment entities 18 14 36 23
Other operating and general expenses 99 88 186 187
Total costs and expenses 1,024 894 1,968 1,781
Operating earnings before income taxes 69 158 164 305
Provision for income taxes 32 58 78 117
Net earnings, including noncontrolling interests 37 100 86 188
Less: Net earnings (loss) attributable to noncontrolling interests (18) (8) (52) (26)
Net Earnings Attributable to Shareholders 55 108 138 214
Earnings Attributable to Shareholders per Common Share:        
Basic $ 0.53 $ 0.98 $ 1.33 $ 1.92
Diluted $ 0.52 $ 0.97 $ 1.31 $ 1.90
Average number of Common Shares:        
Basic 102.7 110.2 103.7 111.1
Diluted 104.4 111.8 105.3 112.5
Cash dividends per Common Share $ 0.1625 $ 0.1375 $ 0.325 $ 0.275
Supplemental disclosure of Realized gains (losses) on securities:        
Realized gains before impairments 40 27 50 52
Losses on securities with impairment (10) (20) (17) (34)
Non-credit portion recognized in other comprehensive income (loss) (11) 4 (14) (3)
Impairment charges recognized in earnings (21) (16) (31) (37)
Total realized gains (losses) on securities $ 19 $ 11 $ 19 $ 15