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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Property and casualty insurance net earned premiums $ 1,173 $ 1,107
Life, accident and health net earned premiums 6 6
Net investment income 542 495
Realized gains (losses) on securities 184 (93)
Income (loss) of managed investment entities:    
Investment income 69 58
Gain (loss) on change in fair value of assets/liabilities 0 (3)
Other income 50 49
Total revenues 2,024 1,619
Costs and Expenses:    
Property and casualty insurance: Losses and loss adjustment expenses 692 641
Property and casualty insurance: Commissions and other underwriting expenses 399 381
Annuity benefits 311 182
Life, accident and health benefits 9 11
Annuity and supplemental insurance acquisition expenses 28 82
Interest charges on borrowed money 16 15
Expenses of managed investment entities 55 48
Other expenses 101 85
Total costs and expenses 1,611 1,445
Earnings before income taxes 413 174
Provision for income taxes 87 33
Net earnings, including noncontrolling interests 326 141
Less: Net earnings (losses) attributable to noncontrolling interests (3) (4)
Net Earnings Attributable to Shareholders $ 329 $ 145
Earnings Attributable to Shareholders per Common Share:    
Basic (USD per share) $ 3.68 $ 1.64
Diluted (USD per share) $ 3.63 $ 1.60
Average number of Common Shares:    
Basic (shares) 89.4 88.6
Diluted (shares) 90.7 90.4
Supplemental disclosure of Realized gains on securities:    
Realized gains (losses) before impairments $ 186 $ (92)
Losses on securities with impairment (2) (1)
Non-credit portion recognized in other comprehensive income (loss) 0 0
Impairment charges recognized in earnings (2) (1)
Total realized gains (losses) on securities $ 184 $ (93)