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Consolidated Statement of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Property and casualty insurance premiums $ 2,847 $ 2,759 $ 2,550
Life, accident and health premiums 318 430 451
Investment income 1,312 1,241 1,191
Realized gains (losses) on:      
Securities 210 76 101
Subsidiaries 161 (3) (13)
Income (loss) of managed investment entities:      
Investment income 125 105 93
Loss on change in fair value of assets/liabilities (94) (33) (70)
Other income 183 175 194
Total revenues 5,062 4,750 4,497
Costs and Expenses:      
Property and casualty insurance: Losses and loss adjustment expenses 1,873 1,744 1,457
Property and casualty insurance: Commissions and other underwriting expenses 887 835 787
Annuity benefits 541 510 444
Life, accident and health benefits 365 369 368
Annuity and supplemental insurance acquisition expenses 290 202 219
Interest charges on borrowed money 85 85 78
Expenses of managed investment entities 80 71 55
Other operating and general expenses 404 376 395
Total costs and expenses 4,525 4,192 3,803
Operating earnings before income taxes 537 558 694
Provision for income taxes 135 239 268
Net earnings, including noncontrolling interests 402 319 426
Less: Net earnings (loss) attributable to noncontrolling interests (86) (23) (56)
Net Earnings Attributable to Shareholders 488 342 482
Earnings Attributable to Shareholders per Common Share:      
Basic $ 5.18 $ 3.37 $ 4.41
Diluted $ 5.09 $ 3.32 $ 4.36
Average number of Common Shares:      
Basic 94.2 101.3 109.2
Diluted 95.9 102.9 110.5
Cash dividends per Common Share $ 0.97 $ 0.6625 $ 0.575
Supplemental disclosure of Realized gains (losses) on securities:      
Realized gains before impairments 236 128 163
Losses on securities with impairment (27) (31) (50)
Non-credit portion recognized in other comprehensive income (loss) 1 (21) (12)
Impairment charges recognized in earnings (26) (52) (62)
Total realized gains on securities $ 210 $ 76 $ 101