XML 43 R35.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investments (details) - Investment Information - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Investment disclosure details          
Fixed maturities, amortized cost $ 60,103   $ 60,103   $ 60,801
Fixed maturities, at fair value 61,933   61,933   63,474
Equity securities, cost 573   573   579
Equity securities, at fair value 828   828   899
Continuous unrealized loss position less than 12 months, fair value 14,289   14,289   2,744
Continuous unrealized loss position less than 12 months, gross unrealized losses 278   278   46
Continuous unrealized loss position 12 months or longer, fair value 934   934   3,536
Continuous unrealized loss position 12 months or longer, gross unrealized losses 46   46   78
Continuous unrealized loss position, total, fair value 15,223   15,223   6,280
Continuous unrealized loss position, total, gross unrealized losses 324   324   124
Available-for-sale securities for which fair value is less than 80% of amortized cost, total 9   9    
Impairment charges included in net realized investment gains in the consolidated statement of income $ 6 $ 1 $ 9 $ 10  
Maxiumum [Member]          
Investment disclosure details          
Unrealized investment losses for securities for which fair value is less than 80% of amortized cost, as a percentage of the combined fixed maturity and equity security portfolios on a pretax basis 1.00%   1.00%    
Unrealized investment losses for securities for which fair value is less than 80% of amortized cost, as a percentage of shareholders' equity on an after-tax basis 1.00%   1.00%    
Fixed maturities [Member]          
Investment disclosure details          
Fixed maturities, amortized cost $ 60,103   $ 60,103   60,801
Gross unrealized gains 2,145   2,145   2,791
Gross unrealized losses 315   315   118
Fixed maturities, at fair value 61,933   61,933   63,474
Gross realized gains     40 23  
Gross realized losses     3 4  
Continuous unrealized loss position less than 12 months, fair value 14,183   14,183   2,619
Continuous unrealized loss position less than 12 months, gross unrealized losses 271   271   41
Continuous unrealized loss position 12 months or longer, fair value 855   855   3,493
Continuous unrealized loss position 12 months or longer, gross unrealized losses 44   44   77
Continuous unrealized loss position, total, fair value 15,038   15,038   6,112
Continuous unrealized loss position, total, gross unrealized losses 315   315   118
Cumulative credit component of other-than-temporary impairments (OTTI) on fixed maturities recognized in the consolidated statement of income for which a portion of the OTTI was recognized in other comprehensive income for fixed maturities held $ 88 $ 109 $ 88 $ 109  
Fixed maturities [Member] | Maxiumum [Member]          
Investment disclosure details          
Cumulative credit component of other-than-temporary impairments (OTTI) on fixed maturities recognized in the consolidated statement of income for which a portion of the OTTI was recognized in other comprehensive income for fixed maturities held, as a percentage of the fixed maturity portfolio on a pretax basis 1.00% 1.00% 1.00% 1.00%  
Cumulative credit component of other-than-temporary impairments (OTTI) on fixed maturities recognized in the consolidated statement of income for which a portion of the OTTI was recognized in other comprehensive income for fixed maturities held, as a percentage of shareholders' equity on an after-tax basis 1.00% 1.00% 1.00% 1.00%  
U.S. Treasury securities and obligations of U.S. government and government agencies and authorities [Member]          
Investment disclosure details          
Fixed maturities, amortized cost $ 2,025   $ 2,025   2,022
Gross unrealized gains 28   28   36
Gross unrealized losses 7   7   5
Fixed maturities, at fair value 2,046   2,046   2,053
Continuous unrealized loss position less than 12 months, fair value 507   507   180
Continuous unrealized loss position less than 12 months, gross unrealized losses 7   7   2
Continuous unrealized loss position 12 months or longer, fair value 24   24   125
Continuous unrealized loss position 12 months or longer, gross unrealized losses         3
Continuous unrealized loss position, total, fair value 531   531   305
Continuous unrealized loss position, total, gross unrealized losses 7   7   5
Obligations of states, municipalities and political subdivisions [Member]          
Investment disclosure details          
Fixed maturities, amortized cost 31,670   31,670   31,895
Gross unrealized gains 1,194   1,194   1,688
Gross unrealized losses 154   154   10
Fixed maturities, at fair value 32,710   32,710   33,573
Continuous unrealized loss position less than 12 months, fair value 7,737   7,737   173
Continuous unrealized loss position less than 12 months, gross unrealized losses 147   147   1
Continuous unrealized loss position 12 months or longer, fair value 135   135   797
Continuous unrealized loss position 12 months or longer, gross unrealized losses 7   7   9
Continuous unrealized loss position, total, fair value 7,872   7,872   970
Continuous unrealized loss position, total, gross unrealized losses 154   154   10
Obligations of states, municipalities and political subdivisions, pre-refunded [Member]          
Investment disclosure details          
Fixed maturities, amortized cost 6,966   6,966   7,229
Gross unrealized gains 306   306   332
Gross unrealized losses 1   1    
Fixed maturities, at fair value 7,271   7,271   7,561
Obligations of states, municipalities and political subdivisions, all other (not pre-refunded) [Member]          
Investment disclosure details          
Fixed maturities, amortized cost 24,704   24,704   24,666
Gross unrealized gains 888   888   1,356
Gross unrealized losses 153   153   10
Fixed maturities, at fair value 25,439   25,439   26,012
Debt securities issued by foreign governments [Member]          
Investment disclosure details          
Fixed maturities, amortized cost 2,049   2,049   2,320
Gross unrealized gains 52   52   48
Gross unrealized losses 1   1    
Fixed maturities, at fair value 2,100   2,100   2,368
Continuous unrealized loss position less than 12 months, fair value 154   154   50
Continuous unrealized loss position less than 12 months, gross unrealized losses 1   1    
Continuous unrealized loss position 12 months or longer, fair value         24
Continuous unrealized loss position, total, fair value 154   154   74
Continuous unrealized loss position, total, gross unrealized losses 1   1    
Mortgage-backed securities, collateralized mortgage obligations and pass-through securities [Member]          
Investment disclosure details          
Fixed maturities, amortized cost 1,905   1,905   2,052
Gross unrealized gains 147   147   165
Gross unrealized losses 6   6   4
Fixed maturities, at fair value 2,046   2,046   2,213
Continuous unrealized loss position less than 12 months, fair value 274   274   68
Continuous unrealized loss position less than 12 months, gross unrealized losses 2   2    
Continuous unrealized loss position 12 months or longer, fair value 126   126   192
Continuous unrealized loss position 12 months or longer, gross unrealized losses 4   4   4
Continuous unrealized loss position, total, fair value 400   400   260
Continuous unrealized loss position, total, gross unrealized losses 6   6   4
All other corporate bonds [Member]          
Investment disclosure details          
Fixed maturities, amortized cost 22,341   22,341   22,390
Gross unrealized gains 714   714   844
Gross unrealized losses 147   147   99
Fixed maturities, at fair value 22,908   22,908   23,135
Continuous unrealized loss position less than 12 months, fair value 5,509   5,509   2,148
Continuous unrealized loss position less than 12 months, gross unrealized losses 114   114   38
Continuous unrealized loss position 12 months or longer, fair value 570   570   2,355
Continuous unrealized loss position 12 months or longer, gross unrealized losses 33   33   61
Continuous unrealized loss position, total, fair value 6,079   6,079   4,503
Continuous unrealized loss position, total, gross unrealized losses 147   147   99
Redeemable preferred stock [Member]          
Investment disclosure details          
Fixed maturities, amortized cost 113   113   122
Gross unrealized gains 10   10   10
Fixed maturities, at fair value 123   123   132
Continuous unrealized loss position less than 12 months, fair value 2   2    
Continuous unrealized loss position, total, fair value 2   2    
Equity securities [Member]          
Investment disclosure details          
Equity securities, cost 573   573   579
Gross unrealized gains 264   264   326
Gross unrealized losses 9   9   6
Equity securities, at fair value 828   828   899
Gross realized gains     5 $ 19  
Gross realized losses     3 $ 3  
Continuous unrealized loss position less than 12 months, fair value 106   106   125
Continuous unrealized loss position less than 12 months, gross unrealized losses 7   7   5
Continuous unrealized loss position 12 months or longer, fair value 79   79   43
Continuous unrealized loss position 12 months or longer, gross unrealized losses 2   2   1
Continuous unrealized loss position, total, fair value 185   185   168
Continuous unrealized loss position, total, gross unrealized losses 9   9   6
Public common stock [Member]          
Investment disclosure details          
Equity securities, cost 410   410   400
Gross unrealized gains 235   235   295
Gross unrealized losses 6   6   4
Equity securities, at fair value 639   639   691
Continuous unrealized loss position less than 12 months, fair value 51   51   81
Continuous unrealized loss position less than 12 months, gross unrealized losses 6   6   4
Continuous unrealized loss position 12 months or longer, fair value 29   29   1
Continuous unrealized loss position, total, fair value 80   80   82
Continuous unrealized loss position, total, gross unrealized losses 6   6   4
Non-redeemable preferred stock [Member]          
Investment disclosure details          
Equity securities, cost 163   163   179
Gross unrealized gains 29   29   31
Gross unrealized losses 3   3   2
Equity securities, at fair value 189   189   208
Continuous unrealized loss position less than 12 months, fair value 55   55   44
Continuous unrealized loss position less than 12 months, gross unrealized losses 1   1   1
Continuous unrealized loss position 12 months or longer, fair value 50   50   42
Continuous unrealized loss position 12 months or longer, gross unrealized losses 2   2   1
Continuous unrealized loss position, total, fair value 105   105   86
Continuous unrealized loss position, total, gross unrealized losses $ 3   $ 3   $ 2