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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Property-liability insurance premiums $ 6,697 $ 6,432 $ 19,993 $ 19,337
Life and annuity premiums and contract charges 563 552 1,675 1,668
Net investment income 940 994 2,977 2,996
Realized capital gains and losses:        
Total other-than-temporary impairment losses (39) (197) (195) (435)
Portion of loss recognized in other comprehensive income (7) (6) 16 (37)
Net other-than-temporary impairment losses recognized in earnings (46) (203) (179) (472)
Sales and other realized capital gains and losses (26) 467 302 889
Total realized capital gains and losses (72) 264 123 417
Total revenues 8,128 8,242 24,768 24,418
Costs and expenses        
Property-liability insurance claims and claims expense 4,293 5,132 13,442 15,963
Life and annuity contract benefits 453 455 1,354 1,331
Interest credited to contractholder funds 215 405 959 1,240
Amortization of deferred policy acquisition costs 1,016 1,046 2,937 2,990
Operating costs and expenses 1,010 888 3,023 2,656
Restructuring and related charges 9 8 25 28
Interest expense 93 92 281 275
Total costs and expenses 7,089 8,026 22,021 24,483
Gain (loss) on disposition of operations 9 3 15 (10)
Income (loss) from operations before income tax expense (benefit) 1,048 219 2,762 (75)
Income tax expense (benefit) 325 44 850 (150)
Net income $ 723 $ 175 $ 1,912 $ 75
Earnings per share:        
Net income per share - Basic (in dollars per share) $ 1.49 $ 0.34 $ 3.89 $ 0.14
Weighted average shares - Basic (in shares) 485.9 512.0 491.5 520.4
Net income per share - Diluted (in dollars per share) $ 1.48 $ 0.34 $ 3.86 $ 0.14
Weighted average shares - Diluted (in shares) 489.9 514.2 494.7 522.9
Cash dividends declared per share (in dollars per share) $ 0.22 $ 0.21 $ 0.66 $ 0.63