Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Assets
Short Term Investments	$ 1,893	$ 1,905
Fixed Maturities (cost $ 34,762 and $35,061)	37,184	36,519
Equity Securities (cost $1,264 and $1,285)	1,512	1,550
Other Invested Assets	2,180	2,239
TOTAL INVESTED ASSETS	42,769	42,213
Cash	58	70
Accrued Investment Income	440	447
Premiums Receivable	2,161	2,098
Reinsurance Recoverable on Unpaid Losses and Loss Expenses	1,739	1,817
Prepaid Reinsurance Premiums	320	325
Deferred Policy Acquisition Costs	1,630	1,562
Deferred Income Tax	0	98
Goodwill	467	467
Other Assets	1,281	1,152
TOTAL ASSETS	50,865	50,249
Liabilities
Unpaid Losses and Loss Expenses	23,068	22,718
Unearned Premiums	6,322	6,189
Long Term Debt	3,575	3,975
Dividend Payable to Shareholders	107	112
Deferred Income Tax	149	0
Accrued Expenses and Other Liabilities	2,070	1,725
TOTAL LIABILITIES	35,291	34,719
Commitments and Contingent Liabilities (Note 6 and 13 )
Shareholders' Equity
Preferred stock - Authorized 8,000,000 Shares; $1 Par Value ; Issued - None	0	0
Common Stock - Authorized 1,200,000,000 Shares; $1 Par Value; Issued 371,980,460 Shares	372	372
Paid-In Surplus	190	208
Retained Earnings	19,176	17,943
Accumulated Other Comprehensive Income	1,195	790
Treasury Stock, at Cost - 99,519,509 and 74,707,547 Shares	(5,359)	(3,783)
TOTAL SHAREHOLDERS' EQUITY	15,574	15,530
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 50,865	$ 50,249