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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Property-liability insurance premiums $ 7,204 $ 6,862 $ 14,268 $ 13,632
Life and annuity premiums and contract charges 518 579 1,125 1,158
Net investment income 898 984 1,857 1,967
Realized capital gains and losses:        
Total other-than-temporary impairment losses (44) (55) (124) (82)
Portion of loss recognized in other comprehensive income (1) (5) (2) (15)
Net other-than-temporary impairment losses recognized in earnings (45) (60) (126) (97)
Sales and other realized capital gains and losses 285 422 420 590
Total realized capital gains and losses 240 362 294 493
Total revenues 8,860 8,787 17,544 17,250
Costs and expenses        
Property-liability insurance claims and claims expense 5,142 4,741 9,901 9,201
Life and annuity contract benefits 413 471 901 929
Interest credited to contractholder funds 212 311 519 656
Amortization of deferred policy acquisition costs 1,035 961 2,070 1,907
Operating costs and expenses 1,023 1,090 2,117 2,192
Restructuring and related charges 4 20 10 46
Loss on extinguishment of debt 1 480 1 480
Interest expense 84 99 171 197
Total costs and expenses 7,914 8,173 15,690 15,608
Gain (loss) on disposition of operations 9   (50) 2
Income from operations before income tax expense 955 614 1,804 1,644
Income tax expense 310 180 559 501
Net income 645 434 1,245 1,143
Preferred stock dividends 31   44  
Net income available to common shareholders $ 614 $ 434 $ 1,201 $ 1,143
Earnings per common share:        
Net income available to common shareholders per common share - Basic (in dollars per share) $ 1.41 $ 0.93 $ 2.73 $ 2.42
Weighted average common shares - Basic (in shares) 434.3 468.3 440.4 471.9
Net income available to common shareholders per common share - Diluted (in dollars per share) $ 1.39 $ 0.92 $ 2.69 $ 2.39
Weighted average common shares - Diluted (in shares) 440.7 473.8 446.8 477.3
Cash dividends declared per common share (in dollars per share) $ 0.28 $ 0.25 $ 0.56 $ 0.50