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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Property and casualty insurance net earned premiums $ 1,161 $ 1,065 $ 2,268 $ 2,087
Life, accident and health net earned premiums 6 5 12 11
Net investment income 530 460 1,025 895
Realized gains (losses) on:        
Realized gains (losses) on securities 31 8 (62) 11
Income (loss) of managed investment entities:        
Investment income 64 50 122 101
Gain (loss) on change in fair value of assets/liabilities (2) 11 (5) 11
Other income 43 47 92 106
Total revenues 1,833 1,646 3,452 3,222
Costs and Expenses:        
Property and casualty insurance: Losses and loss adjustment expenses 693 635 1,334 1,244
Property and casualty insurance: Commissions and other underwriting expenses 400 366 781 705
Annuity benefits 260 224 442 420
Life, accident and health benefits 11 6 22 15
Annuity and supplemental insurance acquisition expenses 50 48 132 101
Interest charges on borrowed money 16 23 31 44
Expenses of managed investment entities 54 51 102 92
Other expenses 89 88 174 173
Total costs and expenses 1,573 1,441 3,018 2,794
Earnings before income taxes 260 205 434 428
Provision for income taxes 52 60 85 128
Net earnings, including noncontrolling interests 208 145 349 300
Less: Net earnings (losses) attributable to noncontrolling interests (2) 0 (6) 2
Net Earnings Attributable to Shareholders $ 210 $ 145 $ 355 $ 298
Earnings Attributable to Shareholders per Common Share:        
Basic (USD per share) $ 2.36 $ 1.64 $ 3.99 $ 3.40
Diluted (USD per share) $ 2.31 $ 1.61 $ 3.92 $ 3.32
Average number of Common Shares:        
Basic (shares) 89.0 87.8 88.8 87.5
Diluted (shares) 90.7 89.8 90.5 89.6
Cash dividends per Common Share (USD per share) $ 1.85 $ 1.8125 $ 2.20 $ 2.125
Supplemental disclosure of Realized gains on securities:        
Realized gains (losses) before impairments $ 31 $ 17 $ (61) $ 26
Losses on securities with impairment 0 (10) (1) (16)
Non-credit portion recognized in other comprehensive income (loss) 0 1 0 1
Impairment charges recognized in earnings 0 (9) (1) (15)
Total realized gains (losses) on securities $ 31 $ 8 $ (62) $ 11