Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data [Abstract]

Quarterly Financial Data

Note 17. Quarterly Financial Data (Unaudited)

2011 Quarter Ended	Dec. 31		Sept. 30			June 30		March 31
(In millions, except per share data)
Total revenues	$	3,479	$	3,438		$	3,542	$	3,668
Net Income (a)		268		162			252		382
Per share-basic		0.68		0.41			0.62		0.92
Per share-diluted		0.67		0.40			0.62		0.92
2010 Quarter Ended
Total revenues	$	3,715	$	3,701		$	3,486	$	3,713
Income from continuing operations		466		56			365		420
Per share-basic		1.12		0.13			0.88		0.99
Per share-diluted		1.12		0.13			0.87		0.99
Discontinued operations, net		-		(20	)		1		-
Per share-basic		-		(0.04	)		-		-
Per share-diluted		-		(0.04	)		-		-
Net income		466		36			366		420
Per share-basic		1.12		0.09			0.88		0.99
Per share-diluted		1.12		0.09			0.87		0.99

The sum of the quarterly per share amounts may not equal per share amounts reported for year-to-date periods. This is due to changes in the number of weighted average shares outstanding and the effects of rounding for each period.

(a) Net income for the fourth quarter of 2011 was impacted by CNA unlocking assumptions related to its payout annuity contracts, resulting in a loss recognition of $104 million (after tax and noncontrolling interests), as further discussed in Note 1.