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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Assets    
Short Term Investments $ 1,690 $ 1,905
Fixed Maturities    
Tax Exempt (cost $19,216 and $19,072) 20,164 19,774
Taxable (cost $16,440 and $15,989) 17,203 16,745
Equity Securities (cost $1,292 and $1,285) 1,663 1,550
Other Invested Assets 2,337 2,239
TOTAL INVESTED ASSETS 43,057 42,213
Cash 71 70
Accrued Investment Income 458 447
Premiums Receivable 2,227 2,098
Reinsurance Recoverable on Unpaid Losses and Loss Expenses 1,778 1,817
Prepaid Reinsurance Premiums 328 325
Deferred Policy Acquisition Costs 1,634 1,562
Deferred Income Tax 0 98
Goodwill 467 467
Other Assets 1,422 1,152
TOTAL ASSETS 51,442 50,249
Liabilities    
Unpaid Losses and Loss Expenses 23,269 22,718
Unearned Premiums 6,399 6,189
Long Term Debt 3,975 3,975
Dividend Payable to Shareholders 113 112
Deferred Income Tax 106 0
Accrued Expenses and Other Liabilities 1,789 1,725
TOTAL LIABILITIES 35,651 34,719
Contingent Liabilities (Note 6)    
Shareholders' Equity    
Common Stock - $1 Par Value; 371,980,460 Shares 372 372
Paid-In Surplus 157 208
Retained Earnings 18,643 17,943
Accumulated Other Comprehensive Income 1,130 790
Treasury Stock, at Cost - 86,055,742 and 74,707,547 Shares (4,511) (3,783)
TOTAL SHAREHOLDERS' EQUITY 15,791 15,530
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 51,442 $ 50,249