XML 58 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (tables)
3 Months Ended
Mar. 31, 2013
Segment Information disclosure  
Company's revenues and operating income by segment [Table Text Block]

 

(for the three months
ended March 31,
in millions)

 

Business
Insurance

 

Financial,
Professional &
International
Insurance

 

Personal
Insurance

 

Total
Reportable
Segments

 

2013

 

 

 

 

 

 

 

 

 

Premiums

 

$

2,942

 

$

735

 

$

1,840

 

$

5,517

 

Net investment income

 

487

 

92

 

91

 

670

 

Fee income

 

97

 

 

 

97

 

Other revenues

 

13

 

5

 

18

 

36

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues (1)

 

$

3,539

 

$

832

 

$

1,949

 

$

6,320

 

 

 

 

 

 

 

 

 

 

 

Operating income (1)

 

$

590

 

$

163

 

$

197

 

$

950

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

Premiums

 

$

2,876

 

$

737

 

$

1,910

 

$

5,523

 

Net investment income

 

532

 

104

 

104

 

740

 

Fee income

 

82

 

 

 

82

 

Other revenues

 

14

 

8

 

19

 

41

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues (1)

 

$

3,504

 

$

849

 

$

2,033

 

$

6,386

 

 

 

 

 

 

 

 

 

 

 

Operating income (1)

 

$

612

 

$

149

 

$

108

 

$

869

 

 

 

(1)                  Operating revenues for reportable business segments exclude net realized investment gains (losses). Operating income for reportable business segments equals net income excluding the after-tax impact of net realized investment gains (losses).

Business segment reconciliations of revenue and income, net of tax [Table Text Block]

 

 

 

Three Months Ended
March 31,

 

(in millions)

 

2013

 

2012

 

Revenue reconciliation

 

 

 

 

 

Earned premiums

 

 

 

 

 

Business Insurance:

 

 

 

 

 

Workers’ compensation

 

$

847

 

$

783

 

Commercial automobile

 

475

 

486

 

Commercial property

 

409

 

392

 

General liability

 

437

 

432

 

Commercial multi-peril

 

765

 

775

 

Other

 

9

 

8

 

Total Business Insurance

 

2,942

 

2,876

 

 

 

 

 

 

 

Financial, Professional & International Insurance:

 

 

 

 

 

Fidelity and surety

 

220

 

223

 

General liability

 

213

 

207

 

International

 

258

 

266

 

Other

 

44

 

41

 

Total Financial, Professional & International Insurance

 

735

 

737

 

 

 

 

 

 

 

Personal Insurance:

 

 

 

 

 

Automobile

 

872

 

928

 

Homeowners and other

 

968

 

982

 

Total Personal Insurance

 

1,840

 

1,910

 

Total earned premiums

 

5,517

 

5,523

 

Net investment income

 

670

 

740

 

Fee income

 

97

 

82

 

Other revenues

 

36

 

41

 

Total operating revenues for reportable segments

 

6,320

 

6,386

 

Other revenues

 

(2

)

(4

)

Net realized investment gains

 

10

 

10

 

Total consolidated revenues

 

$

6,328

 

$

6,392

 

 

 

 

 

 

 

Income reconciliation, net of tax

 

 

 

 

 

Total operating income for reportable segments

 

$

950

 

$

869

 

Interest Expense and Other (1)

 

(63

)

(68

)

Total operating income

 

887

 

801

 

Net realized investment gains

 

9

 

5

 

Total consolidated net income

 

$

896

 

$

806

 

 

 

(1)  The primary component of Interest Expense and Other was after-tax interest expense of $60 million and $62 million in the three months ended March 31, 2013 and 2012, respectively.

Asset reconciliation [Table Text Block]

 

(in millions) 

 

March 31,
2013

 

December 31,
2012

 

Asset reconciliation:

 

 

 

 

 

Business Insurance

 

$

76,583

 

$

76,972

 

Financial, Professional & International Insurance

 

13,318

 

13,452

 

Personal Insurance

 

13,684

 

14,195

 

Total assets for reportable segments

 

103,585

 

104,619

 

Other assets (1)

 

312

 

319

 

Total consolidated assets

 

$

103,897

 

$

104,938

 

 

 

(1)                  The primary component of other assets at both dates was other intangible assets.