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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Investments    
Fixed maturities, at fair value (amortized cost: 2012-$8,252; 2011-$8,084) $ 9,025 $ 8,779
Equity securities, at fair value (cost: 2012-$2,248; 2011-$2,162) 3,139 2,956
Other invested assets 67 66
Total investments 12,231 11,801
Cash and cash equivalents 263 438
Investment income receivable 118 119
Finance receivable 78 76
Premiums receivable 1,210 1,087
Reinsurance receivable 575 622
Prepaid reinsurance premiums 24 24
Deferred policy acquisition costs 484 477
Land, building and equipment, net, for company use (accumulated depreciation: 2012-$390; 2011-$376) 229 227
Other assets 179 93
Separate accounts 698 671
Total assets 16,089 15,635
Insurance reserves    
Loss and loss expense reserves 4,396 4,339
Life policy and investment contract reserves 2,256 2,214
Unearned premiums 1,762 1,633
Other liabilities 539 517
Deferred income tax 359 303
Note payable 104 104
Long-term debt and capital lease obligations 831 821
Separate accounts 698 671
Total liabilities 10,945 10,602
Commitments and contingent liabilities (Note 13)      
SHAREHOLDERS' EQUITY    
Common stock, par value-$2 per share; (authorized: 2012 and 2011-500 million shares; issued and outstanding: 2012-197 million shares and 2011-196 million shares) 393 393
Paid-in capital 1,106 1,096
Retained earnings 3,851 3,863
Accumulated other comprehensive income 1,010 901
Treasury stock at cost (2012-34 million shares and 2011-34 million shares) (1,216) (1,220)
Total shareholders' equity 5,144 5,033
Total liabilities and shareholders' equity $ 16,089 $ 15,635