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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Net premiums written $ 4,729 $ 4,620 $ 13,473 $ 12,809
Decrease (increase) in unearned premiums 25 (10) (417) (559)
Net premiums earned 4,754 4,610 13,056 12,250
Net investment income 566 522 1,675 1,587
Net realized gains (losses):        
Other-than-temporary impairment (OTTI) losses gross (5) (4) (30) (14)
Portion of OTTI losses recognized in other comprehensive income (OCI) 1 0 3 0
Net OTTI losses recognized in income (4) (4) (27) (14)
Net realized gains (losses) excluding OTTI losses (116) 44 (270) 364
Total net realized gains (losses) (120) 40 (297) 350
Total revenues 5,200 5,172 14,434 14,187
Expenses        
Losses and loss expenses 2,684 2,655 7,233 6,831
Policy benefits 125 138 383 379
Policy acquisition costs 825 678 2,311 1,957
Administrative expenses 554 563 1,655 1,641
Interest expense 70 72 213 205
Other (income) expense (19) (5) (61) 22
Total expenses 4,239 4,101 11,734 11,035
Income before income tax 961 1,071 2,700 3,152
Income tax expense (includes $5, $4, $7, and $16 on reclassified unrealized gains and losses) 176 155 402 392
Net income 785 916 2,298 2,760
Other comprehensive income (loss)        
Unrealized appreciation (depreciation) (375) 16 733 (1,570)
Reclassification adjustment for net realized (gains) losses included in net income 38 (24) 11 (97)
Unrealized appreciation (Depreciation) after reclassification adjustment (337) (8) 744 (1,667)
Change in:        
Cumulative translation adjustment (251) 149 (131) (237)
Pension liability 7 (2) (6) 17
Other comprehensive income (loss), before income tax (581) 139 607 (1,887)
Income tax (expense) benefit related to OCI items 94 (25) (151) 374
Other comprehensive income (loss) (487) 114 456 (1,513)
Comprehensive income 298 1,030 2,754 1,247
Earnings per share        
Basic earnings per share $ 2.35 $ 2.68 $ 6.82 $ 8.09
Diluted earnings per share $ 2.32 $ 2.66 $ 6.75 $ 8.02
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
       
Net realized gains (losses):        
Total net realized gains (losses) (38) 24 (11) 97
Expenses        
Income tax expense (includes $5, $4, $7, and $16 on reclassified unrealized gains and losses) $ 5 $ 4 $ 7 $ 16