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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Revenues          
Premiums earned $ 1,215 $ 1,109 $ 2,390 $ 2,196  
Net investment income 104 113 207 221  
Net realized investment gains (losses) 61 (107) 310 189  
Net impairment losses recognized in earnings (1.0) 0 (1.0) 0  
Equity in earnings of limited partnerships 39 37 75 58  
Other income 8 8 16 16  
Total revenues 1,426 1,160 2,997 2,680  
Benefits and expenses          
Insurance losses and loss expenses 861 943 1,703 1,659  
Policy acquisition and underwriting expenses 302 287 595 557  
Total benefits and expenses 1,163 1,230 2,298 2,216  
Income (loss) from operations before income taxes and noncontrolling interest 263 (70) 699 464  
Provision for income taxes 86 (32) 232 148  
Net income (loss) 177 (38) 467 316 619
Less: Net income (loss) attributable to noncontrolling interest in consolidated entity – Exchange 133 (81) 386 237  
Net income attributable to Indemnity 44 43 81 79  
Indemnity
         
Revenues          
Net investment income 3 4 7 8  
Net realized investment gains (losses) 0 (1) 0 2  
Net impairment losses recognized in earnings (0.1) 0 (0.1) 0  
Benefits and expenses          
Income (loss) from operations before income taxes and noncontrolling interest 67 65 123 119  
Net income (loss)     81   160
Net income attributable to Indemnity $ 44 $ 43 $ 81 $ 79  
Class A | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 0.95 $ 0.90 $ 1.73 $ 1.65  
Common stock - diluted (in dollars per share) $ 0.84 $ 0.80 $ 1.54 $ 1.47  
Weighted average shares outstanding attributable to Indemnity - Basic          
Common stock - basic (in shares) 46,693,333 47,492,305 46,733,925 47,619,852  
Weighted average shares outstanding attributable to Indemnity - Diluted          
Common stock - diluted (in shares) 52,886,259 53,677,848 52,926,851 53,807,795  
Dividends declared per share          
Common stock (in dollars per share) $ 0.5925 $ 0.5525 $ 1.185 $ 1.105 $ 4.25
Class B | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 142.00 $ 135.00 $ 259.00 $ 249.00  
Common stock - diluted (in dollars per share) $ 142.00 $ 135.00 $ 259.00 $ 249.00  
Weighted average shares outstanding attributable to Indemnity - Basic          
Common stock - basic (in shares) 2,542 2,544 2,542 2,545  
Weighted average shares outstanding attributable to Indemnity - Diluted          
Common stock - diluted (in shares) 2,542 2,544 2,542 2,545  
Dividends declared per share          
Common stock (in dollars per share) $ 88.8750 $ 82.8750 $ 177.7500 $ 165.7500 $ 637.5000