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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Property-liability insurance premiums $ 6,770 $ 6,630
Life and annuity premiums and contract charges 579 553
Net investment income 983 1,011
Realized capital gains and losses:    
Total other-than-temporary impairment losses (27) (87)
Portion of loss recognized in other comprehensive income (10) 4
Net other-than-temporary impairment losses recognized in earnings (37) (83)
Sales and other realized capital gains and losses 168 251
Total realized capital gains and losses 131 168
Total revenues 8,463 8,362
Costs and expenses    
Property-liability insurance claims and claims expense 4,460 4,339
Life and annuity contract benefits 458 439
Interest credited to contractholder funds 345 378
Amortization of deferred policy acquisition costs 946 979
Operating costs and expenses 1,102 1,017
Restructuring and related charges 26 6
Interest expense 98 95
Total costs and expenses 7,435 7,253
Gain on disposition of operations 2 3
Income from operations before income tax expense 1,030 1,112
Income tax expense 321 346
Net income $ 709 $ 766
Earnings per share:    
Net income per share - Basic (in dollars per share) $ 1.49 $ 1.54
Weighted average shares - Basic (in shares) 475.4 498.7
Net income per share - Diluted (in dollars per share) $ 1.47 $ 1.53
Weighted average shares - Diluted (in shares) 480.8 501.5
Cash dividends declared per share (in dollars per share) $ 0.25 $ 0.22