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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues                      
Premiums                 $ 22,637 $ 22,357 $ 22,090
Net investment income                 2,716 2,889 2,879
Fee income                 395 323 296
Net realized investment gains                 166 [1] 51 [1] 55 [1]
Other revenues                 277 120 126
Total revenues 6,737 6,452 6,674 6,328 6,477 6,512 6,359 6,392 26,191 25,740 25,446
Claims and expenses                      
Claims and claim adjustment expenses                 13,307 14,676 16,276
Amortization of deferred acquisition costs                 3,821 3,910 3,876
General and administrative expenses                 3,757 3,610 3,556
Interest expense                 361 378 386
Total claims and expenses 5,366 5,275 5,497 5,108 6,166 5,342 5,751 5,315 21,246 22,574 24,094
Income before income taxes 1,371 1,177 1,177 1,220 311 1,170 608 1,077 4,945 3,166 1,352
Income tax expense (benefit) 383 313 252 324 7 306 109 271 1,272 693 (74)
Net income $ 988 $ 864 $ 925 $ 896 $ 304 $ 864 $ 499 $ 806 $ 3,673 $ 2,473 $ 1,426
Net income per share                      
Net income per share, basic $ 2.73 $ 2.33 $ 2.44 $ 2.36 $ 0.79 $ 2.23 $ 1.27 $ 2.04 $ 9.84 $ 6.35 $ 3.40
Net income per share, diluted $ 2.70 $ 2.30 $ 2.41 $ 2.33 $ 0.78 $ 2.21 $ 1.26 $ 2.02 $ 9.74 $ 6.30 $ 3.36
Weighted average number of common shares outstanding                      
Weighted average number of common shares outstanding, basic                 370.3 386.2 415.8
Weighted average number of common shares outstanding, diluted                 374.3 389.8 420.5
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $(10) million, $27 million and $30 million for the years ended December 31, 2013, 2012 and 2011, respectively. Of total OTTI, credit losses of $(15) million, $(15) million and $(25) million for the years ended December 31, 2013, 2012 and 2011 respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $5 million, $42 million and $55 million for the years ended December 31, 2013, 2012 and 2011, respectively, were recognized in other comprehensive income (loss) as part of changes in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.