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Schedule VI. Supplemental Information Concerning Property and Casualty Insurance Operations
12 Months Ended
Dec. 31, 2012
Supplemental Information for Property, Casualty Insurance Underwriters [Abstract]  
Schedule VI. Supplemental Information Concerning Property and Casualty Insurance Operations
SCHEDULE VI. SUPPLEMENTAL INFORMATION CONCERNING PROPERTY AND CASUALTY INSURANCE OPERATIONS
As of and for the years ended December 31
Consolidated Property and Casualty Operations
(In millions)
2012
 
2011
 
2010
Deferred acquisition costs
$
598

 
$
552

 


Reserves for unpaid claim and claim adjustment expenses
24,696

 
24,228

 


Discount deducted from claim and claim adjustment expense reserves above (based on interest rates ranging from 3.0% to 9.7%)
1,850

 
1,569

 


Unearned premiums
3,610

 
3,250

 


Net written premiums
6,964

 
6,798

 
$
6,471

Net earned premiums
6,881

 
6,603

 
6,514

Net investment income
2,074

 
1,845

 
2,097

Incurred claim and claim adjustment expenses related to current year
5,266

 
4,901

 
4,737

Incurred claim and claim adjustment expenses related to prior years
(180
)
 
(429
)
 
(545
)
Amortization of deferred acquisition costs
1,274

 
1,176

 
1,168

Paid claim and claim adjustment expenses
5,257

 
4,499

 
4,667