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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Property and casualty insurance net earned premiums $ 1,132 $ 949 $ 2,817 $ 2,345
Life, accident and health net earned premiums 27 29 82 87
Net investment income 377 338 1,117 996
Realized gains on securities 13 56 44 154
Income (loss) of managed investment entities:        
Investment income 29 32 84 98
Gain (loss) on change in fair value of assets/liabilities (25) 15 (35) (21)
Other income 28 24 75 71
Total revenues 1,581 1,443 4,184 3,730
Costs and Expenses:        
Property and casualty insurance: Losses and loss adjustment expenses 784 680 1,815 1,503
Property and casualty insurance: Commissions and other underwriting expenses 302 261 869 772
Annuity benefits 157 140 491 394
Life, accident and health benefits 37 42 119 120
Annuity and supplemental insurance acquisition expenses 46 40 122 128
Interest charges on borrowed money 18 18 53 54
Expenses of managed investment entities 19 22 60 68
Other expenses 73 98 219 248
Total costs and expenses 1,436 1,301 3,748 3,287
Earnings before income taxes 145 142 436 443
Provision for income taxes 54 44 155 155
Net earnings, including noncontrolling interests 91 98 281 288
Less: Net earnings (loss) attributable to noncontrolling interests (25) 15 (44) (25)
Net Earnings Attributable to Shareholders 116 83 325 313
Earnings Attributable to Shareholders per Common Share:        
Basic (USD per share) $ 1.30 $ 0.94 $ 3.64 $ 3.51
Diluted (USD per share) $ 1.28 $ 0.92 $ 3.56 $ 3.44
Average number of Common Shares:        
Basic (shares) 89.0 89.1 89.4 89.4
Diluted (shares) 90.9 91.0 91.4 91.2
Cash dividends per Common Share (USD per share) $ 0.22 $ 0.195 $ 0.66 $ 0.585
Supplemental disclosure of Realized gains on securities:        
Realized gains before impairments 24 61 57 160
Losses on securities with impairment (11) (5) (13) (6)
Non-credit portion recognized in other comprehensive income (loss) 0 0 0 0
Impairment charges recognized in earnings (11) (5) (13) (6)
Total realized gains on securities $ 13 $ 56 $ 44 $ 154