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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues                      
Premiums earned                 $ 4,898 $ 4,493 $ 4,214
Net investment income                 422 438 433
Net realized investment gains (losses)                 771 418 (4)
Net impairment losses recognized in earnings                 (13) 0 (2)
Equity in earnings of limited partnerships                 161 131 149
Other income                 32 32 34
Total revenues 1,697 1,577 1,426 1,571 1,372 1,460 1,160 1,520 6,271 5,512 4,824
Benefits and expenses                      
Insurance losses and loss expenses                 3,467 3,480 3,444
Policy acquisition and underwriting expenses                 1,237 1,133 1,022
Total benefits and expenses 1,227 1,179 1,163 1,135 1,207 1,190 1,230 986 4,704 4,613 4,466
Income (loss) from operations before income taxes and noncontrolling interest 470 398 263 436 165 270 (70) 534 1,567 899 358
Provision for income taxes                 519 280 90
Net income (loss) 314 267 177 290 119 184 (38) 354 1,048 619 268
Less: Net income (loss) attributable to noncontrolling interest in consolidated entity – Exchange 278 221 133 253 89 133 (81) 318 885 459 99
Net income (loss) attributable to Indemnity 36 46 44 37 30 51 43 36 163 160 169
Indemnity
                     
Revenues                      
Net investment income                 15 16 16
Net realized investment gains (losses)                 1 5 3
Net impairment losses recognized in earnings                 0 0 0
Equity in earnings of limited partnerships                 22 15 26
Benefits and expenses                      
Income (loss) from operations before income taxes and noncontrolling interest                 247 241 256
Provision for income taxes                 84 81 85
Net income (loss) attributable to Indemnity                 $ 163 $ 160 $ 169
Class A | Indemnity
                     
Net income attributable to Indemnity per share                      
Common stock - basic (in dollars per share) $ 0.75 $ 0.98 $ 0.95 $ 0.78 $ 0.63 $ 1.08 $ 0.90 $ 0.76 $ 3.46 $ 3.38 $ 3.45
Common stock - diluted (in dollars per share) $ 0.67 $ 0.87 $ 0.84 $ 0.69 $ 0.56 $ 0.96 $ 0.80 $ 0.67 $ 3.08 $ 2.99 $ 3.08
Weighted average shares outstanding attributable to Indemnity - Basic                      
Common stock - basic (in shares)                 46,660,651 47,357,836 48,875,316
Weighted average shares outstanding attributable to Indemnity - Diluted                      
Common stock - diluted (in shares)                 52,855,757 53,547,833 55,057,437
Class B | Indemnity
                     
Net income attributable to Indemnity per share                      
Common stock - basic (in dollars per share) $ 113.00 $ 147.00 $ 142.00 $ 117.00 $ 94 $ 162.00 $ 135.00 $ 114.00 $ 520.00 $ 505.00 $ 522.00
Common stock - diluted (in dollars per share) $ 113.00 $ 147.00 $ 142.00 $ 117.00 $ 94 $ 162.00 $ 135.00 $ 114.00 $ 519.00 $ 505.00 $ 522.00
Weighted average shares outstanding attributable to Indemnity - Basic                      
Common stock - basic (in shares)                 2,542 2,544 2,546
Weighted average shares outstanding attributable to Indemnity - Diluted                      
Common stock - diluted (in shares)                 2,542 2,544 2,546