Segments of Operations (Tables)

6 Months Ended

Jun. 30, 2012

Segments of Operations [Abstract]

Segment Reporting Information, by Segment

	Three months ended June  30,						Six months ended June  30,
	2012			2011			2012			2011
Revenues
Property and casualty insurance:
Premiums earned:
Specialty
Property and transportation	$	290		$	274		$	553		$	529
Specialty casualty		236			219			456			435
Specialty financial		98			100			201			212
Other		16			16			33			32
Total premiums earned		640			609			1,243			1,208
Investment income		70			75			141			150
Realized gains		13			32			44			32
Other income		18			20			31			35
Total property and casualty insurance		741			736			1,459			1,425
Annuity and supplemental insurance:
Investment income		267			230			519			458
Life, accident and health premiums		105			107			210			217
Realized gains (losses)		2			(13	)		15			(16	)
Other income		28			28			54			52
Total annuity and supplemental insurance		402			352			798			711
Other		7			5			6			(4	)
Total revenues	$	1,150		$	1,093		$	2,263		$	2,132
Operating Earnings Before Income Taxes
Property and casualty insurance:
Underwriting:
Specialty
Property and transportation	$	6			($3	)	$	33		$	33
Specialty casualty		33			17			37			18
Specialty financial		11			12			27			28
Other		2			3			3			5
Other lines (a)		(7	)		(50	)		(7	)		(50	)
Total underwriting		45			(21	)		93			34
Investment and other income, net		61			71			116			140
Realized gains		13			32			44			32
Total property and casualty insurance		119			82			253			206
Annuity and supplemental insurance:
Operations		76			56			143			110
Realized gains (losses)		2			(13	)		15			(16	)
Total annuity and supplemental insurance		78			43			158			94
Other (b)		(61	)		(65	)		(129	)		(138	)
Total operating earnings before income taxes	$	136		$	60		$	282		$	162

(a) Includes a second quarter 2011 special charge of $50 million to increase asbestos and environmental reserves.

(b) Includes holding company expenses and losses of managed investment entities attributable to noncontrolling interests of $18 million and $20 million for the second quarter and $46 million and $55 million for the first six months of 2012 and 2011, respectively.