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Consolidated Statement of Earnings (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Property and casualty insurance premiums $ 848 $ 835 $ 2,091 $ 2,043
Life, accident and health premiums 80 107 290 324
Investment income 327 310 981 916
Realized gains (losses) on:        
Securities 85 8 145 27
Subsidiaries 156    155 (3)
Income (loss) of managed investment entities:        
Investment income 31 27 92 78
Gain (loss) on change in fair value of assets/liabilities (13) 1 (63) (54)
Other income 49 47 135 136
Total revenues 1,563 1,335 3,826 3,467
Costs and Expenses:        
Property and casualty insurance losses and loss adjustment expenses 610 549 1,317 1,303
Property and casualty insurance commissions and other underwriting expenses 254 228 697 648
Annuity benefits 140 142 417 383
Life, accident and health benefits 68 90 244 275
Annuity and supplemental insurance acquisition expenses 47 46 142 145
Interest charges on borrowed money 22 21 64 63
Expenses of managed investment entities 19 17 58 53
Other operating and general expenses 118 86 320 279
Total costs and expenses 1,278 1,179 3,259 3,149
Operating earnings before income taxes 285 156 567 318
Provision for income taxes 74 48 184 126
Net earnings, including noncontrolling interests 211 108 383 192
Less: Net earnings (loss) attributable to noncontrolling interests (15) 11 (55) (41)
Net Earnings Attributable to Shareholders 226 97 438 233
Earnings Attributable to Shareholders per Common Share:        
Basic $ 2.43 $ 0.97 $ 4.58 $ 2.27
Diluted $ 2.39 $ 0.95 $ 4.50 $ 2.23
Average number of Common Shares:        
Basic 92.9 99.7 95.7 102.3
Diluted 94.6 101.3 97.4 104.1
Cash dividends per Common Share $ 0.175 $ 0.1625 $ 0.525 $ 0.4875
Supplemental disclosure of Realized gains (losses) on securities:        
Realized gains before impairments 93 18 164 68
Losses on securities with impairment (8) (6) (20) (23)
Non-credit portion recognized in other comprehensive income (loss)    (4) 1 (18)
Impairment charges recognized in earnings (8) (10) (19) (41)
Total realized gains on securities $ 85 $ 8 $ 145 $ 27