XML 102 R93.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes (details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Taxes disclosure                      
Current income tax expense included in consolidated statement of income, federal                 $ 899 $ 1,144 $ 1,216
Current income tax expense included in consolidated statement of income, foreign                 21 29 28
Current income tax expense included in consolidated statement of income, state                 8 9 10
Total current tax expense                 928 1,182 1,254
Deferred income tax expense included in consolidated statement of income, federal                 110 117 121
Deferred income tax expense included in consolidated statement of income, foreign                 1 2 22
Total deferred tax expense                 111 119 143
Total income tax expense included in consolidated statement of income $ 359 $ 231 $ 223 $ 226 $ 343 $ 379 $ 264 $ 315 1,039 1,301 1,397
Expense (benefit) relating to share-based compensation, the changes in unrealized gain on investments, unrealized loss on foreign exchange and other items in other comprehensive income                 (289) (448) 68
Total income tax expense included in consolidated financial statements                 750 853 1,465
U.S. income before income taxes                 3,946 4,621 4,899
Foreign income before income taxes                 107 119 190
Income before income taxes 1,302 $ 947 $ 887 $ 917 1,209 $ 1,307 $ 1,076 $ 1,148 $ 4,053 $ 4,740 $ 5,089
Statutory tax rate (percent)                 35.00% 35.00% 35.00%
Expected federal income tax expense                 $ 1,419 $ 1,659 $ 1,781
Tax effect of nontaxable investment income                 (323) (345) (379)
Tax effect of other, net                 $ (57) $ (13) $ (5)
Effective tax rate (percent)                 26.00% 27.00% 27.00%
Income taxes paid                 $ 892 $ 1,207 $ 1,147
Current income tax payable 72       50       72 50  
Deferred tax assets, claims and claim adjustment expense reserves 664       691       664 691  
Deferred tax assets, unearned premium reserves 760       731       760 731  
Deferred tax assets, compensation-related liabilities 268       326       268 326  
Deferred tax assets, other 272       320       272 320  
Total gross deferred tax assets 1,964       2,068       1,964 2,068  
Less: valuation allowance 3               3    
Adjusted gross deferred tax assets 1,961       2,068       1,961 2,068  
Deferred tax liabilities, deferred acquisition costs 604       580       604 580  
Deferred tax liabilities, investments 592       867       592 867  
Deferred tax liabilities, internally-developed software 157       134       157 134  
Deferred tax liabilities, other 143       191       143 191  
Total gross deferred tax liabilities 1,496       1,772       1,496 1,772  
Net deferred tax asset 465       $ 296       465 $ 296  
Increase in valuation allowance                 3    
Amount of the Company's foreign operations' undistributed earnings for which U.S. income taxes have not been recognized $ 358               $ 358