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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Property-liability insurance premiums $ 6,666 $ 6,457 $ 13,296 $ 12,905
Life and annuity premiums and contract charges 559 547 1,112 1,116
Net investment income 1,026 1,020 2,037 2,002
Realized capital gains and losses:        
Total other-than-temporary impairment losses (69) (82) (156) (238)
Portion of loss recognized in other comprehensive income 19 (4) 23 (31)
Net other-than-temporary impairment losses recognized in earnings (50) (86) (133) (269)
Sales and other realized capital gains and losses 77 143 328 422
Total realized capital gains and losses 27 57 195 153
Total revenues 8,278 8,081 16,640 16,176
Costs and expenses        
Property-liability insurance claims and claims expense 4,810 6,355 9,149 10,831
Life and annuity contract benefits 462 422 901 876
Interest credited to contractholder funds 366 417 744 835
Amortization of deferred policy acquisition costs 942 960 1,921 1,944
Operating costs and expenses 996 868 2,013 1,768
Restructuring and related charges 10 11 16 20
Interest expense 93 91 188 183
Total costs and expenses 7,679 9,124 14,932 16,457
Gain (loss) on disposition of operations 3 7 6 (13)
Income (loss) from operations before income tax expense (benefit) 602 (1,036) 1,714 (294)
Income tax expense (benefit) 179 (412) 525 (194)
Net income (loss) $ 423 $ (624) $ 1,189 $ (100)
Earnings per share:        
Net income (loss) per share - Basic (in dollars per share) $ 0.86 $ (1.19) $ 2.40 $ (0.19)
Weighted average shares - Basic (in shares) 490.6 523.1 494.9 528.2
Net income (loss) per share - Diluted (in dollars per share) $ 0.86 $ (1.19) $ 2.39 $ (0.19)
Weighted average shares - Diluted (in shares) 493.8 523.1 497.9 528.2
Cash dividends declared per share (in dollars per share) $ 0.22 $ 0.21 $ 0.44 $ 0.42