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Segment Information (tables)
3 Months Ended
Mar. 31, 2015
Segment Information disclosure  
Company's revenues and operating income by segment [Table Text Block]

 

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

 

Business and
International

Insurance

 

Bond & Specialty
Insurance

 

Personal
Insurance

 

Total
Reportable
Segments

 

2015

 

 

 

 

 

 

 

 

 

Premiums

 

$

3,620

 

$

504

 

$

1,764

 

$

5,888

 

Net investment income

 

454

 

56

 

82

 

592

 

Fee income

 

111

 

 

 

111

 

Other revenues

 

8

 

5

 

12

 

25

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues (1)

 

$

4,193

 

$

565

 

$

1,858

 

$

6,616

 

 

 

 

 

 

 

 

 

 

 

Operating income (1)

 

$

515

 

$

124

 

$

252

 

$

891

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

 

Premiums

 

$

3,558

 

$

503

 

$

1,762

 

$

5,823

 

Net investment income

 

570

 

66

 

100

 

736

 

Fee income

 

107

 

 

 

107

 

Other revenues

 

12

 

4

 

26

 

42

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues (1)

 

$

4,247

 

$

573

 

$

1,888

 

$

6,708

 

 

 

 

 

 

 

 

 

 

 

Operating income (1)

 

$

694

 

$

154

 

$

268

 

$

1,116

 

 

(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)

 

2015

 

2014

 

Revenue reconciliation

 

 

 

 

 

Earned premiums

 

 

 

 

 

Business and International Insurance:

 

 

 

 

 

Domestic:

 

 

 

 

 

Workers’ compensation

 

$

962

 

$

908

 

Commercial automobile

 

469

 

468

 

Commercial property

 

441

 

428

 

General liability

 

472

 

447

 

Commercial multi-peril

 

775

 

755

 

Other

 

10

 

10

 

 

 

 

 

 

 

Total Domestic

 

3,129

 

3,016

 

International

 

491

 

542

 

 

 

 

 

 

 

Total Business and International Insurance

 

3,620

 

3,558

 

 

 

 

 

 

 

Bond & Specialty Insurance:

 

 

 

 

 

Fidelity and surety

 

225

 

222

 

General liability

 

236

 

237

 

Other

 

43

 

44

 

 

 

 

 

 

 

Total Bond & Specialty Insurance

 

504

 

503

 

 

 

 

 

 

 

Personal Insurance:

 

 

 

 

 

Automobile

 

836

 

815

 

Homeowners and Other

 

928

 

947

 

 

 

 

 

 

 

Total Personal Insurance

 

1,764

 

1,762

 

 

 

 

 

 

 

Total earned premiums

 

5,888

 

5,823

 

Net investment income

 

592

 

736

 

Fee income

 

111

 

107

 

Other revenues

 

25

 

42

 

 

 

 

 

 

 

Total operating revenues for reportable segments

 

6,616

 

6,708

 

Other revenues

 

 

(1

)

Net realized investment gains

 

10

 

1

 

 

 

 

 

 

 

Total consolidated revenues

 

$

6,626

 

$

6,708

 

 

 

 

 

 

 

Income reconciliation, net of tax

 

 

 

 

 

Total operating income for reportable segments

 

$

891

 

$

1,116

 

Interest Expense and Other (1)

 

(64

)

(64

)

 

 

 

 

 

 

Total operating income

 

827

 

1,052

 

Net realized investment gains

 

6

 

 

 

 

 

 

 

 

Total consolidated net income

 

$

833

 

$

1,052

 

 

(1)     The primary component of Interest Expense and Other for the three months ended March 31, 2015 and 2014 was after-tax interest expense of $60 million

Asset reconciliation [Table Text Block]

 

(in millions)

 

March 31,
2015

 

December 31,
2014

 

Asset reconciliation:

 

 

 

 

 

Business and International Insurance

 

$

81,892

 

$

82,309

 

Bond & Specialty Insurance

 

7,637

 

7,525

 

Personal Insurance

 

12,859

 

12,798

 

 

 

 

 

 

 

Total assets for reportable segments

 

102,388

 

102,632

 

Other assets (1)

 

303

 

446

 

 

 

 

 

 

 

Total consolidated assets

 

$

102,691

 

$

103,078

 

 

(1)                  The primary component of other assets at March 31, 2015 was other intangible assets.  The primary components of other assets at December 31, 2014 were other intangible assets and deferred taxes.