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Consolidated Statement of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Property and casualty insurance net earned premiums $ 3,204 $ 2,847 $ 2,759
Life, accident and health net earned premiums 114 318 430
Net investment income 1,346 1,301 1,225
Realized gains (losses) on:      
Securities 221 210 76
Subsidiaries (4) 161 (3)
Income (loss) of managed investment entities:      
Investment income 128 125 105
Loss on change in fair value of assets/liabilities (14) (94) (33)
Other income 97 89 84
Total revenues 5,092 4,957 4,643
Costs and Expenses:      
Property and casualty insurance: Losses and loss adjustment expenses 2,040 1,873 1,744
Property and casualty insurance: Commissions and other underwriting expenses 1,019 887 835
Annuity benefits 531 541 510
Life, accident and health benefits 160 356 360
Annuity and supplemental insurance acquisition expenses 167 282 195
Interest charges on borrowed money 71 75 74
Expenses of managed investment entities 89 80 71
Other expenses 326 326 296
Total costs and expenses 4,403 4,420 4,085
Earnings before income taxes 689 537 558
Provision for income taxes 236 135 239
Net earnings, including noncontrolling interests 453 402 319
Less: Net earnings (loss) attributable to noncontrolling interests (18) (86) (23)
Net Earnings Attributable to Shareholders 471 488 342
Earnings Attributable to Shareholders per Common Share:      
Basic (USD per share) $ 5.27 $ 5.18 $ 3.37
Diluted (USD per share) $ 5.16 $ 5.09 $ 3.32
Average number of Common Shares:      
Basic (shares) 89.3 94.2 101.3
Diluted (shares) 91.2 95.9 102.9
Cash dividends per Common Share (USD per share) $ 1.805 $ 0.97 $ 0.6625
Supplemental disclosure of Realized gains (losses) on securities:      
Realized gains before impairments 233 236 128
Losses on securities with impairment (14) (27) (31)
Non-credit portion recognized in other comprehensive income (loss) 2 1 (21)
Impairment charges recognized in earnings (12) (26) (52)
Total realized gains on securities $ 221 $ 210 $ 76