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Consolidated Statements Of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Net premiums written $ 5,995 $ 4,076
Decrease (increase) in unearned premiums 602 (149)
Net premiums earned 6,597 3,927
Net investment income 674 551
Net realized gains (losses):    
Other-than-temporary impairment (OTTI) losses gross (71) (13)
Portion of OTTI losses recognized in other comprehensive income (OCI) 8 0
Net OTTI losses recognized in income (63) (13)
Net realized gains (losses) excluding OTTI losses (331) (76)
Total net realized gains (losses) (includes $(152) and $(3) reclassified from AOCI) (394) (89)
Total revenues 6,877 4,389
Expenses    
Losses and loss expenses 3,674 2,122
Policy benefits 126 142
Policy acquisition costs 1,413 707
Administrative expenses 772 554
Interest expense 146 68
Other (income) expense 28 (35)
Amortization of purchased intangibles 7 30
Chubb integration expenses 148 0
Total expenses 6,314 3,588
Income before income tax 563 801
Income tax (benefits) expense (includes $(1) and $4 on reclassified unrealized gains and losses) 124 120
Net income 439 681
Other comprehensive income (loss)    
Unrealized appreciation 905 441
Reclassification adjustment for net realized losses included in net income 152 3
Unrealized appreciation (Depreciation) after reclassification adjustment 1,057 444
Change in:    
Cumulative translation adjustment 312 (421)
Pension liability 2 13
Other comprehensive income, before income tax 1,371 36
Income tax expense related to OCI items (269) (75)
Other comprehensive income (loss) 1,102 (39)
Comprehensive income $ 1,541 $ 642
Earnings per share    
Basic earnings per share $ 0.98 $ 2.08
Diluted earnings per share $ 0.97 $ 2.05
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]    
Net realized gains (losses):    
Total net realized gains (losses) (includes $(152) and $(3) reclassified from AOCI) $ (152) $ (3)
Expenses    
Income tax (benefits) expense (includes $(1) and $4 on reclassified unrealized gains and losses) $ (1) $ 4