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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Property and casualty insurance net earned premiums $ 1,022 $ 998
Life, accident and health net earned premiums 6 6
Net investment income 435 411
Realized gains (losses) on securities 3 (18)
Income (loss) of managed investment entities:    
Investment income 51 45
Gain (loss) on change in fair value of assets/liabilities 0 (13)
Other income 59 46
Total revenues 1,576 1,475
Costs and Expenses:    
Property and casualty insurance: Losses and loss adjustment expenses 609 581
Property and casualty insurance: Commissions and other underwriting expenses 339 334
Annuity benefits 196 228
Life, accident and health benefits 9 9
Annuity and supplemental insurance acquisition expenses 53 35
Interest charges on borrowed money 21 18
Expenses of managed investment entities 41 35
Other expenses 85 79
Total costs and expenses 1,353 1,319
Earnings before income taxes 223 156
Provision for income taxes 68 52
Net earnings, including noncontrolling interests 155 104
Less: Net earnings attributable to noncontrolling interests 2 3
Net Earnings Attributable to Shareholders $ 153 $ 101
Earnings Attributable to Shareholders per Common Share:    
Basic (USD per share) $ 1.76 $ 1.16
Diluted (USD per share) $ 1.72 $ 1.14
Average number of Common Shares:    
Basic (shares) 87.2 86.9
Diluted (shares) 89.3 88.5
Cash dividends per Common Share (USD per share) $ 0.3125 $ 0.28
Supplemental disclosure of Realized gains on securities:    
Realized gains before impairments $ 9 $ 34
Losses on securities with impairment (6) (51)
Non-credit portion recognized in other comprehensive income (loss) 0 (1)
Impairment charges recognized in earnings (6) (52)
Total realized gains (losses) on securities $ 3 $ (18)