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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Investments    
Fixed maturities, at fair value (amortized cost: 2011-$8,084; 2010-$7,888) $ 8,779 $ 8,383
Equity securities, at fair value (cost: 2011-$2,162; 2010-$2,286) 2,956 3,041
Other invested assets 66 84
Total investments 11,801 11,508
Cash and cash equivalents 438 385
Investment income receivable 119 119
Finance receivable 76 73
Premiums receivable 1,087 1,015
Reinsurance receivable 622 572
Prepaid reinsurance premiums 24 18
Deferred policy acquisition costs 510 488
Land, building and equipment, net, for company use (accumulated depreciation: 2011-$376; 2010-$352) 227 229
Other assets 93 67
Separate accounts 671 621
Total assets 15,668 15,095
Insurance reserves    
Loss and loss expense reserves 4,339 4,200
Life policy reserves 2,214 2,034
Unearned premiums 1,633 1,553
Other liabilities 517 539
Deferred income tax 314 260
Note payable 104 49
Long-term debt and capital lease obligation 821 807
Separate accounts 671 621
Total liabilities 10,613 10,063
Commitments and contingent liabilities (Note 16)      
SHAREHOLDERS' EQUITY    
Common stock, par value-$2 per share; (authorized: 2011-500 million shares, 2010-500 million shares; issued: 2011-196 million shares, 2010-196 million shares) 393 393
Paid-in capital 1,096 1,091
Retained earnings 3,885 3,980
Accumulated other comprehensive income 901 769
Treasury stock at cost (2011-34 million shares, 2010-34 million shares) (1,220) (1,201)
Total shareholders' equity 5,055 5,032
Total liabilities and shareholders' equity $ 15,668 $ 15,095