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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Premiums $ 5,603 $ 5,529 $ 11,120 $ 11,052
Net investment income 687 738 1,357 1,478
Fee income 82 59 179 141
Net realized investment gains 167 [1] 4 [1] 177 [1] 14 [1]
Other revenues 135 29 169 66
Total revenues 6,674 6,359 13,002 12,751
Claims and expenses        
Claims and claim adjustment expenses 3,530 3,786 6,683 7,150
Amortization of deferred acquisition costs 950 976 1,898 1,947
General and administrative expenses 931 893 1,846 1,777
Interest expense 86 96 178 192
Total claims and expenses 5,497 5,751 10,605 11,066
Income before income taxes 1,177 608 2,397 1,685
Income tax expense 252 109 576 380
Net income $ 925 $ 499 $ 1,821 $ 1,305
Net income per share        
Net income per share, basic $ 2.44 $ 1.27 $ 4.80 $ 3.32
Net income per share, diluted $ 2.41 $ 1.26 $ 4.75 $ 3.29
Weighted average number of common shares outstanding        
Weighted average number of common shares outstanding, basic 375.9 388.0 376.8 390.0
Weighted average number of common shares outstanding, diluted 379.9 391.6 380.8 393.5
[1] Total other-than-temporary impairment (OTTI) gains (losses) were $(1) million and $11 million for the three months ended June 30, 2013 and 2012, respectively, and $(1) million and $11 million for the six months ended June 30, 2013 and 2012, respectively. Of total OTTI, credit losses of $(2) million and $(4) million for the three months ended June 30, 2013 and 2012, respectively, and $(7) million and $(8) million for the six months ended June 30, 2013 and 2012, respectively, were recognized in net realized investment gains. In addition, unrealized gains from other changes in total OTTI of $1 million and $15 million for the three months ended June 30, 2013 and 2012, respectively, and $6 million and $19 million for the six months ended June 30, 2013 and 2012, respectively, were recognized in other comprehensive income as part of change in net unrealized gains on investment securities having credit losses recognized in the consolidated statement of income.