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Shareholders' Equity And Dividend Restrictions
12 Months Ended
Dec. 31, 2013
Shareholders Equity And Dividend Restrictions [Abstract]  
Shareholders' Equity And Dividend Restrictions
Shareholders’ Equity and Dividend Restrictions
Our insurance subsidiary declared dividends to the parent company of $375 million in 2013, $300 million in 2012 and $180 million in 2011. State regulatory requirements restrict the dividends insurance subsidiaries can pay. Dividends must be paid within 30 days of declaration. Generally, the most our insurance subsidiary can pay without prior regulatory approval is the greater of 10 percent of statutory capital and surplus or 100 percent of statutory net income for the prior calendar year. Dividends exceeding these limitations may be paid only with approval of the insurance department of the domiciliary state. During 2014, the total that our insurance subsidiary, which is the parent of all other insurance subsidiaries, may declare in dividends is approximately $433 million.
 
Declared cash dividends per share were $1.655, $1.62 and $1.605 for the years ended December 31, 2013, 2012 and 2011, respectively.
 
Accumulated Other Comprehensive Income
The change in AOCI includes changes in unrealized gains and losses on investments, pension obligations, life deferred acquisition costs, life policy reserves and other as follows:
 (In millions)
 
Years ended December 31,
 
 
2013
 
 
2012
 
 
2011
 
 
Before
tax
 
Income
tax
 
Net
 
 
Before
tax
 
Income
tax
 
Net
 
 
Before
tax
 
Income
tax
 
Net
Accumulated unrealized gains, net, on
  investments available for sale,
   January 1
 
$
1,875

 
$
647

 
$
1,228

 
 
$
1,489

 
$
512

 
$
977

 
 
$
1,250

 
$
428

 
$
822

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income before
  reclassification
 
537

 
188

 
349

 
 
426

 
149

 
277

 
 
303

 
106

 
197

Reclassification adjustment for
  realized gains, net, included in net
  income
 
(77
)
 
(27
)
 
(50
)
 
 
(40
)
 
(14
)
 
(26
)
 
 
(64
)
 
(22
)
 
(42
)
Effect on other comprehensive income
 
460

 
161

 
299

 
 
386

 
135

 
251

 
 
239

 
84

 
155

Accumulated unrealized gains, net, on
  investments available for sale,
  December 31
 
$
2,335

 
$
808

 
$
1,527

 
 
$
1,875

 
$
647

 
$
1,228

 
 
$
1,489

 
$
512

 
$
977

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses, net, for
  pension obligations, January 1
 
$
(101
)
 
$
(35
)
 
$
(66
)
 
 
$
(88
)
 
$
(31
)
 
$
(57
)
 
 
$
(63
)
 
$
(22
)
 
$
(41
)
Effect on other comprehensive income
 
83

 
29

 
54

 
 
(13
)
 
(4
)
 
(9
)
 
 
(25
)
 
(9
)
 
(16
)
Accumulated unrealized losses, net, for
  pension obligations, December 31
 
$
(18
)
 
$
(6
)
 
$
(12
)
 
 
$
(101
)
 
$
(35
)
 
$
(66
)
 
 
$
(88
)
 
$
(31
)
 
$
(57
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses, net, on
  life deferred acquisition costs, life
  policy reserves and other, January 1
 
$
(50
)
 
$
(17
)
 
$
(33
)
 
 
$
(29
)
 
$
(10
)
 
$
(19
)
 
 
$
(18
)
 
$
(6
)
 
$
(12
)
Other comprehensive income before
  reclassification
 
40

 
14

 
26

 
 
(19
)
 
(7
)
 
(12
)
 
 
(5
)
 
(2
)
 
(3
)
Reclassification adjustment for life
  deferred acquisition costs, life policy
  reserves and other, net, included in
  net income
 
(6
)
 
(2
)
 
(4
)
 
 
(2
)
 

 
(2
)
 
 
(6
)
 
(2
)
 
(4
)
Effect on other comprehensive income
 
34

 
12

 
22

 
 
(21
)
 
(7
)
 
(14
)
 
 
(11
)
 
(4
)
 
(7
)
Accumulated unrealized losses, net,
  on life deferred acquisition costs, life
  policy reserves and other,
  December 31
 
$
(16
)
 
$
(5
)
 
$
(11
)
 
 
$
(50
)
 
$
(17
)
 
$
(33
)
 
 
$
(29
)
 
$
(10
)
 
$
(19
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated other comprehensive
  income, January 1
 
$
1,724

 
$
595

 
$
1,129

 
 
$
1,372

 
$
471

 
$
901

 
 
$
1,169

 
$
400

 
$
769

Change in unrealized gains, net, on
  investments available for sale
 
460

 
161

 
299

 
 
386

 
135

 
251

 
 
239

 
84

 
155

Change in pension obligations
 
83

 
29

 
54

 
 
(13
)
 
(4
)
 
(9
)
 
 
(25
)
 
(9
)
 
(16
)
Change in life deferred acquisition
  costs, life policy reserves and other
 
34

 
12

 
22

 
 
(21
)
 
(7
)
 
(14
)
 
 
(11
)
 
(4
)
 
(7
)
Effect on other comprehensive income
 
577

 
202

 
375

 
 
352

 
124

 
228

 
 
203

 
71

 
132

Accumulated other comprehensive
  income, December 31
 
$
2,301

 
$
797

 
$
1,504

 
 
$
1,724

 
$
595

 
$
1,129

 
 
$
1,372

 
$
471

 
$
901