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Consolidated Statements Of Operations and Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Net premiums written $ 4,559 $ 4,391 $ 8,744 $ 8,189
Increase in unearned premiums (227) (324) (442) (549)
Net premiums earned 4,332 4,067 8,302 7,640
Net investment income 556 534 1,109 1,065
Net realized gains (losses):        
Other-than-temporary impairment (OTTI) losses gross (13) (7) (25) (10)
Portion of OTTI losses recognized in other comprehensive income (OCI) 1 0 2 0
Net OTTI losses recognized in income (12) (7) (23) (10)
Net realized gains (losses) excluding OTTI losses (61) 111 (154) 320
Total net realized gains (losses) (73) 104 (177) 310
Total revenues 4,815 4,705 9,234 9,015
Expenses        
Losses and loss expenses 2,388 2,250 4,549 4,176
Policy benefits 144 110 258 241
Policy acquisition costs 758 665 1,486 1,279
Administrative expenses 566 564 1,101 1,078
Interest expense 72 73 143 133
Other (income) expense (25) 37 (42) 27
Total expenses 3,903 3,699 7,495 6,934
Income before income tax 912 1,006 1,739 2,081
Income tax expense (includes $5, $7, $2, and $12 of reclassified unrealized gains) 133 115 226 237
Net income 779 891 1,513 1,844
Other comprehensive income (loss)        
Unrealized appreciation (depreciation) 589 (1,470) 1,108 (1,586)
Reclassification adjustment for net realized gains included in net income (21) (38) (27) (73)
Unrealized appreciation (Depreciation) after reclassification adjustment 568 (1,508) 1,081 (1,659)
Change in:        
Cumulative translation adjustment 153 (175) 120 (386)
Pension liability (5) (3) (13) 19
Other comprehensive income (loss), before income tax 716 (1,686) 1,188 (2,026)
Income tax (expense) benefit related to OCI items (147) 296 (245) 399
Other comprehensive income (loss) 569 (1,390) 943 (1,627)
Comprehensive income (loss) 1,348 (499) 2,456 217
Earnings per share        
Basic earnings per share $ 2.30 $ 2.61 $ 4.47 $ 5.41
Diluted earnings per share $ 2.28 $ 2.59 $ 4.43 $ 5.36
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
       
Net realized gains (losses):        
Total net realized gains (losses) 21 38 27 73
Expenses        
Income tax expense (includes $5, $7, $2, and $12 of reclassified unrealized gains) $ 5 $ 7 $ 2 $ 12