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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Property-liability insurance premiums $ 6,457 $ 6,513 $ 12,905 $ 13,016
Life and annuity premiums and contract charges 547 545 1,116 1,089
Net investment income 1,020 1,049 2,002 2,099
Realized capital gains and losses:        
Total other-than-temporary impairment losses (82) (288) (238) (538)
Portion of loss recognized in other comprehensive income (4) (18) (31) (23)
Net other-than-temporary impairment losses recognized in earnings (86) (306) (269) (561)
Sales and other realized capital gains and losses 143 (145) 422 (238)
Total realized capital gains and losses 57 (451) 153 (799)
Total revenues 8,081 7,656 16,176 15,405
Costs and expenses        
Property-liability insurance claims and claims expense 6,355 4,714 10,831 9,506
Life and annuity contract benefits 422 485 876 927
Interest credited to contractholder funds 417 450 835 913
Amortization of deferred policy acquisition costs 1,018 949 2,069 1,963
Operating costs and expenses 802 789 1,640 1,618
Restructuring and related charges 11 13 20 24
Interest expense 91 92 183 184
Total costs and expenses 9,116 7,492 16,454 15,135
Gain (loss) on disposition of operations 6 2 (17) 3
(Loss) income from operations before income tax (benefit) expense (1,029) 166 (295) 273
Income tax (benefit) expense (409) 21 (194) 8
Net (loss) income $ (620) $ 145 $ (101) $ 265
Earnings per share:        
Net (loss) income per share - Basic (in dollars per share) $ (1.19) $ 0.27 $ (0.19) $ 0.49
Weighted average shares - Basic (in shares) 523.1 540.7 528.2 540.4
Net (loss) income per share - Diluted (in dollars per share) $ (1.19) $ 0.27 $ (0.19) $ 0.49
Weighted average shares - Diluted (in shares) 523.1 543.0 528.2 542.4
Cash dividends declared per share (in dollars per share) $ 0.21 $ 0.20 $ 0.42 $ 0.40