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Consolidated Statements Of Operations and Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Net premiums written $ 4,620 $ 4,716 $ 12,809 $ 12,418
Change in unearned premiums (10) (51) (559) (589)
Net premiums earned 4,610 4,665 12,250 11,829
Net investment income 522 533 1,587 1,614
Net realized gains (losses):        
Other-than-temporary impairment (OTTI) losses gross (4) (10) (14) (30)
Portion of OTTI losses recognized in other comprehensive income (OCI) 0 0 0 0
Net OTTI losses recognized in income (4) (10) (14) (30)
Net realized gains (losses) excluding OTTI losses 44 (50) 364 (164)
Total net realized gains (losses) 40 (60) 350 (194)
Total revenues 5,172 5,138 14,187 13,249
Expenses        
Losses and loss expenses 2,655 3,047 6,831 6,970
Policy benefits 138 130 379 379
Policy acquisition costs 678 609 1,957 1,810
Administrative expenses 563 519 1,641 1,543
Interest expense 72 63 205 187
Other (income) expense (5) (17) 22 14
Total expenses 4,101 4,351 11,035 10,903
Income before income tax 1,071 787 3,152 2,346
Income tax expense (includes $4 and $16 Income tax expense from reclassification of unrealized gains in the three and nine months ended September 30, 2013, respectively) 155 147 392 405
Net income 916 640 2,760 1,941
Other comprehensive income (loss)        
Unrealized appreciation (depreciation) 16 731 (1,570) 1,369
Reclassification adjustment for net realized gains included in net income 24 56 97 147
Other comprehensive income (8) 675 (1,667) 1,222
Change in:        
Cumulative translation adjustment 149 190 (237) 162
Pension liability (2) (4) 17 (5)
Other comprehensive income (loss), before income tax 139 861 (1,887) 1,379
Income tax (expense) benefit related to OCI items (25) (185) 374 (276)
Other comprehensive income (loss) 114 676 (1,513) 1,103
Comprehensive income 1,030 1,316 1,247 3,044
Earnings per share        
Basic earnings per share $ 2.68 $ 1.88 $ 8.09 $ 5.71
Diluted earnings per share $ 2.66 $ 1.86 $ 8.02 $ 5.67
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
       
Net realized gains (losses):        
Total net realized gains (losses) 24   97  
Expenses        
Income tax expense (includes $4 and $16 Income tax expense from reclassification of unrealized gains in the three and nine months ended September 30, 2013, respectively) $ 4   $ 16