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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Property and casualty insurance net earned premiums $ 1,327 $ 1,267 $ 3,595 $ 3,354
Life, accident and health net earned premiums 6 6 18 17
Net investment income 527 471 1,552 1,366
Realized gains (losses) on securities 34 (12) (28) (1)
Income (loss) of managed investment entities:        
Investment income 65 54 187 155
Gain (loss) on change in fair value of assets/liabilities (5) 1 (10) 12
Other income 54 48 146 154
Total revenues 2,008 1,835 5,460 5,057
Costs and Expenses:        
Property and casualty insurance: Losses and loss adjustment expenses 872 995 2,206 2,239
Property and casualty insurance: Commissions and other underwriting expenses 424 357 1,205 1,062
Annuity benefits 222 215 664 635
Life, accident and health benefits 10 6 32 21
Annuity and supplemental insurance acquisition expenses 71 55 203 156
Interest charges on borrowed money 15 21 46 65
Expenses of managed investment entities 52 45 154 137
Other expenses 98 112 272 285
Total costs and expenses 1,764 1,806 4,782 4,600
Earnings before income taxes 244 29 678 457
Provision for income taxes 41 18 126 146
Net earnings, including noncontrolling interests 203 11 552 311
Less: Net earnings (losses) attributable to noncontrolling interests (1) 0 (7) 2
Net Earnings Attributable to Shareholders $ 204 $ 11 $ 559 $ 309
Earnings Attributable to Shareholders per Common Share:        
Basic (USD per share) $ 2.30 $ 0.13 $ 6.29 $ 3.52
Diluted (USD per share) $ 2.26 $ 0.13 $ 6.17 $ 3.44
Average number of Common Shares:        
Basic (shares) 89.1 88.1 88.9 87.7
Diluted (shares) 90.7 90.0 90.6 89.7
Cash dividends per Common Share (USD per share) $ 0.35 $ 0.3125 $ 2.55 $ 2.4375
Supplemental disclosure of Realized gains on securities:        
Realized gains (losses) before impairments $ 36 $ 26 $ (25) $ 52
Losses on securities with impairment (2) (38) (3) (54)
Non-credit portion recognized in other comprehensive income (loss) 0 0 0 1
Impairment charges recognized in earnings (2) (38) (3) (53)
Total realized gains (losses) on securities $ 34 $ (12) $ (28) $ (1)