Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We operate primarily in two industries, property casualty insurance and life insurance. We regularly review our reporting segments to make decisions about allocating resources and assessing performance:

• Commercial lines property casualty insurance

• Personal lines property casualty insurance

• Excess and surplus lines property casualty insurance

• Life insurance

• Investments

We report as Other the noninvestment operations of the parent company and its noninsurer subsidiary, CFC Investment Company. See our 2012 Annual Report on Form 10-K, Item 8, Note 18, Segment Information, Page 137, for a description of revenue, income or loss before income taxes and identifiable assets for each of the five segments.

Segment information is summarized in the following table:

(In millions)	Three months ended March 31,
	2013			2012
Revenues:
Commercial lines insurance
Commercial casualty	$	204		$	181
Commercial property	147			131
Commercial auto	114			101
Workers' compensation	88			81
Specialty packages	39			38
Surety and executive risk	29			27
Machinery and equipment	10			9
Commercial lines insurance premiums	631			568
Fee revenue	—			1
Total commercial lines insurance	631			569
Personal lines insurance
Personal auto	107			98
Homeowner	96			84
Other personal lines	28			27
Personal lines insurance premiums	231			209
Excess and surplus lines insurance	27			21
Life insurance	42			41
Separate account investment management fees	1			—
Total life insurance	43			41
Investment operations
Investment income, net of expenses	128			131
Realized investment gains, net	41			13
Total investment revenue	169			144
Other	2			2
Total revenues	$	1,103		$	986
Income (loss) before income taxes:
Insurance underwriting results:
Commercial lines insurance	$	58		$	34
Personal lines insurance	20			(22		)
Excess and surplus lines insurance	—			(3		)
Life insurance	7			(3		)
Investment operations	148			123
Other	(16		)	(17		)
Total	$	217		$	112

Identifiable assets:	March 31, 2013		December 31, 2012
Property casualty insurance	$	2,403	$	2,395
Life insurance	1,193		1,201
Investment operations	13,099		12,599
Other	342		353
Total	$	17,037	$	16,548