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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Property and casualty insurance net earned premiums $ 985 $ 931 $ 1,931 $ 1,685
Life, accident and health net earned premiums 27 27 52 55
Net investment income 404 379 792 740
Realized gains (losses) on:        
Securities (1) 12 18 31
Subsidiaries 0 0 (162) 0
Income (loss) of managed investment entities:        
Investment income 38 27 72 55
Loss on change in fair value of assets/liabilities (2) (10) (5) (10)
Other income 90 26 137 47
Total revenues 1,541 1,392 2,835 2,603
Costs and Expenses:        
Property and casualty insurance: Losses and loss adjustment expenses 601 602 1,177 1,031
Property and casualty insurance: Commissions and other underwriting expenses 338 300 651 567
Annuity benefits 151 166 335 334
Life, accident and health benefits 33 39 65 82
Annuity and supplemental insurance acquisition expenses 64 41 102 76
Interest charges on borrowed money 19 17 39 35
Expenses of managed investment entities 28 21 52 41
Other expenses 81 76 158 146
Total costs and expenses 1,315 1,262 2,579 2,312
Earnings before income taxes 226 130 256 291
Provision for income taxes 77 47 82 101
Net earnings, including noncontrolling interests 149 83 174 190
Less: Net earnings (loss) attributable to noncontrolling interests 8 (23) 14 (19)
Net Earnings Attributable to Shareholders $ 141 $ 106 $ 160 $ 209
Earnings Attributable to Shareholders per Common Share:        
Basic (USD per share) $ 1.60 $ 1.18 $ 1.82 $ 2.33
Diluted (USD per share) $ 1.57 $ 1.15 $ 1.79 $ 2.28
Average number of Common Shares:        
Basic (shares) 87.7 89.6 87.6 89.6
Diluted (shares) 89.5 91.6 89.4 91.6
Cash dividends per Common Share (USD per share) $ 0.250 $ 0.22 $ 0.5 $ 0.44
Supplemental disclosure of Realized gains on securities:        
Realized gains before impairments $ 29 $ 13 $ 52 $ 33
Losses on securities with impairment (30) (1) (34) (2)
Non-credit portion recognized in other comprehensive income (loss) 0 0 0 0
Impairment charges recognized in earnings (30) (1) (34) (2)
Total realized gains (losses) on securities $ (1) $ 12 $ 18 $ 31