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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
Assets  
Short Term Investments$ 2,289$ 1,905
Fixed Maturities  
Tax Exempt (cost $18,879 and $19,072)20,13419,774
Taxable (cost $16,337 and $15,989)17,27116,745
Equity Securities (cost $1,271 and $1,285)1,3661,550
Other Invested Assets2,3132,239
TOTAL INVESTED ASSETS43,37342,213
Cash5570
Accrued Investment Income459447
Premiums Receivable1,9972,098
Reinsurance Recoverable on Unpaid Losses and Loss Expenses1,7541,817
Prepaid Reinsurance Premiums295325
Deferred Policy Acquisition Costs1,6441,562
Deferred Income Tax098
Goodwill467467
Other Assets1,4511,152
TOTAL ASSETS51,49550,249
Liabilities  
Unpaid Losses and Loss Expenses23,53822,718
Unearned Premiums6,3076,189
Long Term Debt3,9753,975
Dividend Payable to Shareholders110112
Deferred Income Tax1910
Accrued Expenses and Other Liabilities1,7361,725
TOTAL LIABILITIES35,85734,719
Contingent Liabilities (Note 6)  
Shareholders' Equity  
Common Stock - $1 Par Value; 371,980,460 Shares372372
Paid-In Surplus173208
Retained Earnings18,83117,943
Accumulated Other Comprehensive Income1,245790
Treasury Stock, at Cost - 93,908,735 and 74,707,547 Shares(4,983)(3,783)
TOTAL SHAREHOLDERS' EQUITY15,63815,530
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 51,495$ 50,249