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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Property and casualty insurance net earned premiums $ 1,027 $ 985 $ 2,025 $ 1,931
Life, accident and health net earned premiums 6 27 12 52
Net investment income 423 404 834 792
Realized gains (losses) on:        
Securities (16) (1) (34) 18
Subsidiaries 2 0 2 (162)
Income (loss) of managed investment entities:        
Investment income 48 38 93 72
Gain (loss) on change in fair value of assets/liabilities 11 (2) (2) (5)
Other income 80 92 126 142
Total revenues 1,581 1,543 3,056 2,840
Costs and Expenses:        
Property and casualty insurance: Losses and loss adjustment expenses 687 601 1,268 1,177
Property and casualty insurance: Commissions and other underwriting expenses 348 338 682 651
Annuity benefits 223 151 451 335
Life, accident and health benefits 9 33 18 65
Annuity and supplemental insurance acquisition expenses 42 66 77 107
Interest charges on borrowed money 19 20 37 40
Expenses of managed investment entities 36 28 71 52
Other expenses 81 80 160 157
Total costs and expenses 1,445 1,317 2,764 2,584
Earnings before income taxes 136 226 292 256
Provision for income taxes 73 77 125 82
Net earnings, including noncontrolling interests 63 149 167 174
Less: Net earnings attributable to noncontrolling interests 9 8 12 14
Net Earnings Attributable to Shareholders $ 54 $ 141 $ 155 $ 160
Earnings Attributable to Shareholders per Common Share:        
Basic (USD per share) $ 0.63 $ 1.60 $ 1.79 $ 1.82
Diluted (USD per share) $ 0.62 $ 1.57 $ 1.76 $ 1.79
Average number of Common Shares:        
Basic (shares) 86.8 87.7 86.8 87.6
Diluted (shares) 88.4 89.5 88.4 89.4
Cash dividends per Common Share (USD per share) $ 0.28 $ 0.25 $ 0.56 $ 0.5
Supplemental disclosure of Realized gains on securities:        
Realized gains before impairments $ 23 $ 29 $ 57 $ 52
Losses on securities with impairment (39) (30) (90) (34)
Non-credit portion recognized in other comprehensive income (loss) 0 0 (1) 0
Impairment charges recognized in earnings (39) (30) (91) (34)
Total realized gains (losses) on securities $ (16) $ (1) $ (34) $ 18