XML 61 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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Property and casualty insurance net earned premiums $ 931 $ 709 $ 1,685 $ 1,396
Life, accident and health net earned premiums 27 28 55 58
Net investment income 379 332 740 658
Realized gains on securities 12 41 31 98
Income (loss) of managed investment entities:        
Investment income 27 32 55 66
Loss on change in fair value of assets/liabilities (10) (28) (10) (36)
Other income 26 25 47 47
Total revenues 1,392 1,139 2,603 2,287
Costs and Expenses:        
Property and casualty insurance: Losses and loss adjustment expenses 602 430 1,031 823
Property and casualty insurance: Commissions and other underwriting expenses 300 260 567 511
Annuity benefits 166 120 334 254
Life, accident and health benefits 39 38 82 78
Annuity and supplemental insurance acquisition expenses 41 52 76 88
Interest charges on borrowed money 17 18 35 36
Expenses of managed investment entities 21 24 41 46
Other expenses 76 71 146 150
Total costs and expenses 1,262 1,013 2,312 1,986
Earnings before income taxes 130 126 291 301
Provision for income taxes 47 49 101 111
Net earnings, including noncontrolling interests 83 77 190 190
Less: Net loss attributable to noncontrolling interests (23) (33) (19) (40)
Net Earnings Attributable to Shareholders 106 110 209 230
Earnings Attributable to Shareholders per Common Share:        
Basic (USD per share) $ 1.18 $ 1.23 $ 2.33 $ 2.57
Diluted (USD per share) $ 1.15 $ 1.20 $ 2.28 $ 2.52
Average number of Common Shares:        
Basic (shares) 89.6 89.6 89.6 89.5
Diluted (shares) 91.6 91.5 91.6 91.3
Cash dividends per Common Share (USD per share) $ 0.22 $ 0.195 $ 0.44 $ 0.39
Supplemental disclosure of Realized gains on securities:        
Realized gains before impairments 13 42 33 99
Losses on securities with impairment (1) (1) (2) (1)
Non-credit portion recognized in other comprehensive income (loss) 0 0 0 0
Impairment charges recognized in earnings (1) (1) (2) (1)
Total realized gains on securities $ 12 $ 41 $ 31 $ 98