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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Investments    
Fixed maturities, at fair value (amortized cost: 2012-$8,222; 2011-$8,084) $ 9,093 $ 8,779
Equity securities, at fair value (cost: 2012-$2,369; 2011-$2,162) 3,373 2,956
Other invested assets 68 66
Total investments 12,534 11,801
Cash and cash equivalents 487 438
Investment income receivable 115 119
Finance receivable 75 76
Premiums receivable 1,214 1,087
Reinsurance recoverable 615 622
Prepaid reinsurance premiums 26 24
Deferred policy acquisition costs 470 477
Land, building and equipment, net, for company use (accumulated depreciation: 2012-$397; 2011-$376) 217 227
Other assets 61 93
Separate accounts 734 671
Total assets 16,548 15,635
Insurance reserves    
Loss and loss expense reserves 4,230 4,339
Life policy and investment contract reserves 2,295 2,214
Unearned premiums 1,792 1,633
Other liabilities 660 517
Deferred income tax 453 303
Note payable 104 104
Long-term debt and capital lease obligation 827 821
Separate accounts 734 671
Total liabilities 11,095 10,602
Commitments and contingent liabilities (Note 13)      
SHAREHOLDERS' EQUITY    
Common stock, par value-$2 per share; (authorized: 2012 and 2011-500 million shares, 2010-500 million shares; issued and outstanding: 2012-197 million shares, 2011-196 million shares 394 393
Paid-in capital 1,134 1,096
Retained earnings 4,021 3,863
Accumulated other comprehensive income 1,129 901
Treasury stock at cost (1,225) (1,220)
Total shareholders' equity 5,453 5,033
Total liabilities and shareholders' equity $ 16,548 $ 15,635