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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Property and casualty insurance net earned premiums $ 998 $ 946
Life, accident and health net earned premiums 6 25
Net investment income 411 388
Realized gains (losses) on:    
Securities (18) 19
Subsidiaries 0 (162)
Income (loss) of managed investment entities:    
Investment income 45 34
Loss on change in fair value of assets/liabilities (13) (3)
Other income 46 50
Total revenues 1,475 1,297
Costs and Expenses:    
Property and casualty insurance: Losses and loss adjustment expenses 581 576
Property and casualty insurance: Commissions and other underwriting expenses 334 313
Annuity benefits 228 184
Life, accident and health benefits 9 32
Annuity and supplemental insurance acquisition expenses 35 41
Interest charges on borrowed money 18 20
Expenses of managed investment entities 35 24
Other expenses 79 77
Total costs and expenses 1,319 1,267
Earnings before income taxes 156 30
Provision for income taxes 52 5
Net earnings, including noncontrolling interests 104 25
Less: Net earnings attributable to noncontrolling interests 3 6
Net Earnings Attributable to Shareholders $ 101 $ 19
Earnings Attributable to Shareholders per Common Share:    
Basic (USD per share) $ 1.16 $ 0.22
Diluted (USD per share) $ 1.14 $ 0.21
Average number of Common Shares:    
Basic (shares) 86.9 87.6
Diluted (shares) 88.5 89.4
Cash dividends per Common Share (USD per share) $ 0.28 $ 0.25
Supplemental disclosure of Realized gains on securities:    
Realized gains before impairments $ 34 $ 23
Losses on securities with impairment (51) (4)
Non-credit portion recognized in other comprehensive income (loss) (1) 0
Impairment charges recognized in earnings (52) (4)
Total realized gains (losses) on securities $ (18) $ 19