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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Property and casualty insurance net earned premiums $ 1,173 $ 1,209
Net investment income 188 104
Realized gains (losses) on securities 77 (328)
Income of managed investment entities:    
Investment income 46 59
Gain (loss) on change in fair value of assets/liabilities 2 (13)
Other income 23 24
Total revenues 1,509 1,055
Costs and Expenses:    
Losses and loss adjustment expenses 667 707
Commissions and other underwriting expenses 380 420
Interest charges on borrowed money 24 17
Expenses of managed investment entities 39 53
Other expenses 64 43
Total costs and expenses 1,174 1,240
Earnings (loss) from continuing operations before income taxes 335 (185)
Provision (credit) for income taxes 68 (41)
Net earnings (loss) from continuing operations, including noncontrolling interests 267 (144)
Net earnings (loss) from discontinued operations 152 (160)
Net earnings (loss), including noncontrolling interests 419 (304)
Less: Net earnings (loss) from continuing operations attributable to noncontrolling interests 0 (3)
Net Earnings (Loss) Attributable to Shareholders $ 419 $ (301)
Earnings (Losses) Attributable to Shareholders per Basic Common Share from:    
Basic (USD per share) from continuing operations $ 3.11 $ (1.57)
Basic (USD per share) from discontinued operations 1.77 (1.77)
Basic (USD per share) 4.88 (3.34)
Earnings (Losses) Attributable to Shareholders per Diluted Common Share:    
Diluted (USD per share) from continuing operations) 3.08 (1.57)
Diluted (USD per share) from discontinued operations 1.76 (1.77)
Diluted (USD per share) $ 4.84 $ (3.34)
Average number of Common Shares:    
Basic (shares) 85.9 90.3
Diluted (shares) 86.6 90.3