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Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Property and casualty insurance net earned premiums $ 1,302 $ 1,173
Net investment income 230 188
Realized gains (losses) on securities (15) 77
Income of managed investment entities:    
Investment income 46 46
Gain (loss) on change in fair value of assets/liabilities (5) 2
Other income 30 23
Total revenues 1,588 1,509
Costs and Expenses:    
Losses and loss adjustment expenses 693 667
Commissions and other underwriting expenses 414 380
Interest charges on borrowed money 23 24
Expenses of managed investment entities 39 39
Other expenses 58 64
Total costs and expenses 1,227 1,174
Earnings from continuing operations before income taxes 361 335
Provision for income taxes 71 68
Net earnings from continuing operations 290 267
Net earnings from discontinued operations 0 152
Net Earnings $ 290 $ 419
Earnings per Basic Common Share:    
Basic (USD per share) from continuing operations $ 3.41 $ 3.11
Basic (USD per share) from discontinued operations 0 1.77
Basic (USD per share) 3.41 4.88
Earnings per Diluted Common Share:    
Diluted (USD per share) from continuing operations 3.40 3.08
Diluted (USD per share) from discontinued operations 0 1.76
Diluted (USD per share) $ 3.40 $ 4.84
Average number of Common Shares:    
Basic (shares) 85.0 85.9
Diluted (shares) 85.2 86.6