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Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Summary Of Significant Accounting Policies [Abstract]  
Schedule Of Effect Of Adopting ASU 2010-26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except per share amounts)

 

December 31,

 

December 31,

 

 

2012

 

2011

 

 

 

 

As originally
reportedPreviously
Reported

As adjusted

Difference

Deferred policy acquisition costs

 

$

470 

 

$

510 

$

477 

$

(33)

Total assets

 

 

16,548 

 

 

15,668 

 

15,635 

 

(33)

Deferred income tax liability

 

 

453 

 

 

314 

 

303 

 

(11)

Shareholders' equity

 

 

5,453 

 

 

5,055 

 

5,033 

 

(22)

Book value per share

 

 

33.48 

 

 

31.16 

 

31.03 

 

(0.13)

 

 

 

The following table illustrates the effect of adopting ASU 2010-26 in the consolidated statements of comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except per share amounts)

Years ended December 31,

 

2012

 

2011

 

2010

 

 

 

As originally reported

As
adjusted

Difference

 

As originally reported

As
adjusted

Difference

Underwriting, acquisition and insurance expenses

$

1,155 

 

$

1,036 

$

1,039 

$

 

$

1,021 

$

1,024 

$

Net income

 

421 

 

 

166 

 

164 

 

(2)

 

 

377 

 

375 

 

(2)

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Basic

$

2.59 

 

$

1.02 

$

1.01 

$

(0.01)

 

$

2.32 

$

2.30 

$

(0.02)

    Diluted

 

2.57 

 

 

1.02 

 

1.01 

 

(0.01)

 

 

2.31 

 

2.30 

 

(0.01)