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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Property-liability insurance premiums $ 7,064 $ 6,770
Life and annuity premiums and contract charges 607 579
Net investment income 959 983
Realized capital gains and losses:    
Total other-than-temporary impairment losses (80) (27)
Portion of loss recognized in other comprehensive income (1) (10)
Net other-than-temporary impairment losses recognized in earnings (81) (37)
Sales and other realized capital gains and losses 135 168
Total realized capital gains and losses 54 131
Total revenues 8,684 8,463
Costs and expenses    
Property-liability insurance claims and claims expense 4,759 4,460
Life and annuity contract benefits 488 458
Interest credited to contractholder funds 307 345
Amortization of deferred policy acquisition costs 1,035 946
Operating costs and expenses 1,094 1,102
Restructuring and related charges 6 26
Interest expense 87 98
Total costs and expenses 7,776 7,435
(Loss) gain on disposition of operations (59) 2
Income from operations before income tax expense 849 1,030
Income tax expense 249 321
Net income 600 709
Preferred stock dividends 13  
Net income available to common shareholders $ 587 $ 709
Earnings per common share:    
Net income available to common shareholders per common share - Basic (in dollars per share) $ 1.31 $ 1.49
Weighted average common shares - Basic (in shares) 446.4 475.4
Net income available to common shareholders per common share - Diluted (in dollars per share) $ 1.30 $ 1.47
Weighted average common shares - Diluted (in shares) 452.8 480.8
Cash dividends declared per common share (in dollars per share) $ 0.28 $ 0.25