Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment information is summarized in the following table:



(In millions)	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Revenues:
Commercial lines insurance
Commercial casualty	$	237		$	221		$	695		$	636
Commercial property	186			161			537			460
Commercial auto	133			124			391			355
Workers' compensation	93			95			280			270
Specialty packages	27			38			93			114
Management liability and surety	32			30			94			89
Machinery and equipment	12			11			36			32
Commercial lines insurance premiums	720			680			2,126			1,956
Fee revenue	1			1			3			2
Total commercial lines insurance	721			681			2,129			1,958
Personal lines insurance
Personal auto	121			112			354			328
Homeowner	110			103			330			298
Other personal lines	32			29			91			86
Personal lines insurance premiums	263			244			775			712
Fee revenue	1			—			2			1
Total personal lines insurance	264			244			777			713

Excess and surplus lines insurance	42			30			109			85

Life insurance premiums	46			38			147			124
Separate account investment management fees	1			1			4			3
Total life insurance	47			39			151			127

Investment operations
Investment income, net of expenses	138			133			409			392
Realized investment gains, net	65			22			101			77
Total investments	203			155			510			469

Other	3			3			7			7
Total revenues	$	1,280		$	1,152		$	3,683		$	3,359

Income (loss) before income taxes:
Insurance underwriting results
Commercial lines insurance	$	67		$	43		$	97		$	135
Personal lines insurance	14			14			(33		)	33
Excess and surplus lines insurance	13			4			22			5
Life insurance	(4		)	—			(5		)	10
Investment operations	182			134			448			409
Other	(13		)	(13		)	(44		)	(45		)
Total income before income taxes	$	259		$	182		$	485		$	547



Identifiable assets:	September 30, 2014		December 31, 2013
Property casualty insurance	$	2,434	$	2,455
Life insurance	1,269		1,225
Investment operations	14,322		13,618
Other	449		364
Total	$	18,474	$	17,662

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details