XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Earnings (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Property and casualty insurance net earned premiums $ 709 $ 640 $ 1,396 $ 1,243
Life, accident and health net earned premiums 28 105 58 210
Net investment income 332 329 658 646
Realized gains (losses) on:        
Securities 41 16 98 60
Subsidiaries 0 (1) 0 (1)
Income (loss) of managed investment entities:        
Investment income 32 32 66 61
Loss on change in fair value of assets/liabilities (28) (21) (36) (50)
Other income 25 24 47 42
Total revenues 1,139 1,124 2,287 2,211
Costs and Expenses:        
Property and casualty insurance losses and loss adjustment expenses 430 363 823 707
Property and casualty insurance commissions and other underwriting expenses 260 232 511 443
Annuity benefits 120 147 254 277
Life, accident and health benefits 38 82 78 172
Annuity and supplemental insurance acquisition expenses 52 47 88 92
Interest charges on borrowed money 18 19 36 38
Expenses of managed investment entities 24 20 46 39
Other expenses 71 78 150 161
Total costs and expenses 1,013 988 1,986 1,929
Earnings before income taxes 126 136 301 282
Provision for income taxes 49 52 111 110
Net earnings, including noncontrolling interests 77 84 190 172
Less: Net earnings (loss) attributable to noncontrolling interests (33) (15) (40) (40)
Net Earnings Attributable to Shareholders 110 99 230 212
Earnings Attributable to Shareholders per Common Share:        
Basic (in dollars per share) $ 1.23 $ 1.02 $ 2.57 $ 2.18
Diluted (in dollars per share) $ 1.20 $ 1.01 $ 2.52 $ 2.15
Average number of Common Shares:        
Basic (in shares) 89.6 96.4 89.5 97.0
Diluted (in shares) 91.5 98.0 91.3 98.7
Cash dividends per Common Share (in dollars per share) $ 0.195 $ 0.175 $ 0.39 $ 0.35
Supplemental disclosure of Realized gains on securities:        
Realized gains before impairments 42 23 99 71
Losses on securities with impairment (1) (7) (1) (12)
Non-credit portion recognized in other comprehensive income (loss)    0    1
Impairment charges recognized in earnings (1) (7) (1) (11)
Total realized gains on securities $ 41 $ 16 $ 98 $ 60