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Consolidated Statement of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Property and casualty insurance premiums $ 2,759 $ 2,550 $ 2,412
Life, accident and health premiums 430 451 444
Investment income 1,241 1,191 1,200
Realized gains (losses) on:      
Securities 76 101 43
Subsidiaries (3) (13) (5)
Income (loss) of managed investment entities:      
Investment income 105 93  
Loss on change in fair value of assets/liabilities (33) (70)  
Other income 175 194 226
Total revenues 4,750 4,497 4,320
Costs and Expenses:      
Property and casualty insurance losses and loss adjustment expenses 1,744 1,457 1,187
Property and casualty insurance commissions and other underwriting expenses 835 797 808
Annuity benefits 510 444 435
Life, accident and health benefits 369 368 361
Annuity and supplemental insurance acquisition expenses 213 231 187
Interest charges on borrowed money 85 78 67
Expenses of managed investment entities 71 55  
Other operating and general expenses 363 378 463
Total costs and expenses 4,190 3,808 3,508
Operating earnings before income taxes 560 689 812
Provision for income taxes 240 266 282
Net earnings, including noncontrolling interests 320 423 530
Less: Net earnings (loss) attributable to noncontrolling interests (23) (56) 11
Net Earnings Attributable to Shareholders 343 479 519
Earnings Attributable to Shareholders per Common Share:      
Basic $ 3.39 $ 4.38 $ 4.49
Diluted $ 3.33 $ 4.33 $ 4.45
Average number of Common Shares:      
Basic 101.3 109.2 115.7
Diluted 102.9 110.5 116.8
Cash dividends per Common Share $ 0.6625 $ 0.575 $ 0.52
Supplemental disclosure of Realized gains (losses) on securities:      
Realized gains before impairments 128 163 246
Losses on securities with impairment (31) (50) (373)
Non-credit portion recognized in other comprehensive income (loss) (21) (12) 170
Impairment charges recognized in earnings (52) (62) (203)
Total realized gains on securities $ 76 $ 101 $ 43