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Consolidated Statements Of Operations And Comprehensive Income (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues    
Net premiums written$ 4,343$ 3,295$ 11,742$ 10,286
Change in unearned premiums147127(186)(354)
Net premiums earned4,4903,42211,5569,932
Net investment income5645161,6771,538
Net realized gains (losses):    
Other-than-temporary impairment (OTTI) losses gross(31)(39)(45)(120)
Portion of OTTI losses recognized in other comprehensive income (OCI)11201365
Net OTTI losses recognized in income(20)(19)(32)(55)
Net realized gains (losses) excluding OTTI losses(740)(31)(846)182
Total net realized gains (losses)(760)(50)(878)127
Total revenues4,2943,88812,35511,597
Expenses    
Losses and loss expenses2,7451,8877,2345,608
Policy benefits8393282267
Policy acquisition costs6666071,8251,697
Administrative expenses5174331,5261,356
Interest expense6258187162
Other (income) expense87(25)82(26)
Total expenses4,1603,05311,1369,064
Income before income tax1348351,2192,533
Income tax expense165160384426
Net income (loss)(31)6758352,107
Other comprehensive income (loss)    
Unrealized appreciation229533912,023
Reclassification adjustment for net realized gains included in net income(18)(120)(152)(346)
Subtotal48332391,677
Change in:    
Cumulative translation adjustment(152)186149(73)
Pension liability3(6)(2)2
Other comprehensive income, before income tax(145)1,0133861,606
Income tax expense related to OCI items(5)(197)(141)(319)
Other comprehensive income (loss)(150)8162451,287
Comprehensive income (loss)$ (181)$ 1,491$ 1,080$ 3,394
Earnings per share    
Basic earnings per share$ (0.09)$ 1.98$ 2.47$ 6.21
Diluted earnings per share$ (0.09)$ 1.97$ 2.45$ 6.18