Insurance (Tables)

12 Months Ended

Dec. 31, 2011

Insurance [Abstract]

Reconciliation of beginning and ending liability for unpaid losses and loss adjustment expenses

	2011			2010			2009
Balance at beginning of period	$	4,164		$	3,899		$	4,154
Provision for losses and LAE occurring in the current year		1,813			1,615			1,385
Net decrease in provision for claims of prior years		(69	)		(158	)		(198	)
Total losses and LAE incurred		1,744			1,457			1,187
Payments for losses and LAE of:
Current year		(652	)		(360	)		(504	)
Prior years		(969	)		(1,116	)		(998	)
Total payments		(1,621	)		(1,476	)		(1,502	)
Reserves of businesses acquired		—			287			—
Foreign — currency translation and other		(5	)		(3	)		60
Balance at end of period		4,282			4,164			3,899
Add back reinsurance recoverables, net of allowance		2,238			2,249			2,513
Gross unpaid losses and LAE included in the Balance Sheet	$	6,520		$	6,413		$	6,412

Net investment income of insurance group

	2011			2010			2009
Insurance group investment income:
Fixed maturities	$	1,142		$	1,112		$	1,142
Equity securities		26			11			11
Other		65			61			44
Total investment income		1,233			1,184			1,197
Insurance group investment expenses (*)		(34	)		(25	)		(38	)
Net investment income	$	1,199		$	1,159		$	1,159

(*) Included primarily in “Other operating and general expenses” in the Statement of Earnings.

Statutory information

								Policyholders’
	Net Earnings (Loss)							Surplus
	2011		2010		2009			2011		2010
Property and casualty companies	$	375	$	624	$	574		$	1,976	$	2,101
Life insurance companies		190		213		(76	)		1,225		1,153

Reinsurance information

	2011			2010			2009
Direct premiums written	$	4,061		$	3,542		$	3,731
Reinsurance assumed		45			47			32
Reinsurance ceded		(1,336	)		(1,181	)		(1,452	)
Net written premiums	$	2,770		$	2,408		$	2,311
Direct premiums earned	$	4,062		$	3,653		$	3,854
Reinsurance assumed		41			45			32
Reinsurance ceded		(1,344	)		(1,148	)		(1,474	)
Net earned premiums	$	2,759		$	2,550		$	2,412
Reinsurance recoveries	$	770		$	395		$	898