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Consolidated Statement of Earnings (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Property and casualty insurance premiums $ 640 $ 609 $ 1,243 $ 1,208
Life, accident and health premiums 105 107 210 217
Investment income 332 306 654 606
Realized gains (losses) on:        
Securities 16 19 60 19
Subsidiaries (1)   (1) (3)
Income (loss) of managed investment entities:        
Investment income 32 26 61 51
Loss on change in fair value of assets/liabilities (21) (22) (50) (55)
Other income 47 48 86 89
Total revenues 1,150 1,093 2,263 2,132
Costs and Expenses:        
Property and casualty insurance losses and loss adjustment expenses 363 413 707 754
Property and casualty insurance commissions and other underwriting expenses 232 217 443 420
Annuity benefits 147 125 277 241
Life, accident and health benefits 84 89 176 185
Annuity and supplemental insurance acquisition expenses 48 49 95 99
Interest charges on borrowed money 21 21 42 42
Expenses of managed investment entities 20 18 39 36
Other operating and general expenses 99 101 202 193
Total costs and expenses 1,014 1,033 1,981 1,970
Operating earnings before income taxes 136 60 282 162
Provision for income taxes 52 30 110 78
Net earnings, including noncontrolling interests 84 30 172 84
Less: Net earnings (loss) attributable to noncontrolling interests (15) (18) (40) (52)
Net Earnings Attributable to Shareholders 99 48 212 136
Earnings Attributable to Shareholders per Common Share:        
Basic $ 1.02 $ 0.47 $ 2.18 $ 1.31
Diluted $ 1.01 $ 0.46 $ 2.15 $ 1.29
Average number of Common Shares:        
Basic 96.4 102.7 97.0 103.7
Diluted 98.0 104.4 98.7 105.3
Cash dividends per Common Share $ 0.175 $ 0.1625 $ 0.35 $ 0.325
Supplemental disclosure of Realized gains (losses) on securities:        
Realized gains before impairments 23 40 71 50
Losses on securities with impairment (7) (10) (12) (17)
Non-credit portion recognized in other comprehensive income (loss)   (11) 1 (14)
Impairment charges recognized in earnings (7) (21) (11) (31)
Total realized gains on securities $ 16 $ 19 $ 60 $ 19