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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets [Abstract]    
Short Term Investments $ 2,012 $ 1,893
Fixed Maturities (cost $34,975 and $34,762) 37,513 37,184
Equity Securities (cost $1,261 and $1,264) 1,583 1,512
Other Invested Assets 2,059 2,180
TOTAL INVESTED ASSETS 43,167 42,769
Cash 61 58
Accrued Investment Income 440 440
Premiums Receivable 2,279 2,161
Reinsurance Recoverable on Unpaid Losses and Loss Expenses 1,669 1,739
Prepaid Reinsurance Premiums 337 320
Deferred Policy Acquisition Costs 1,227 1,210 [1]
Goodwill 467 467
Other Assets 1,363 1,281
TOTAL ASSETS 51,010 50,445 [1]
Liabilities [Abstract]    
Unpaid Losses and Loss Expenses 23,199 23,068
Unearned Premiums 6,433 6,322
Long Term Debt 3,575 3,575
Dividend Payable to Shareholders 110 107
Deferred Income Tax 96 2 [1]
Accrued Expenses and Other Liabilities 2,036 2,070
TOTAL LIABILITIES 35,449 35,144 [1]
Contingent Liabilities (Note 6)      
Shareholders' Equity [Abstract]    
Common Stock - $1 Par Value; 371,980,460 Shares 372 372
Paid-In Surplus 143 190
Retained Earnings 19,591 18,903 [1]
Accumulated Other Comprehensive Income 1,309 1,195
Treasury Stock, at Cost - 106,131,522 and 99,519,509 Shares (5,854) (5,359)
TOTAL SHAREHOLDERS' EQUITY 15,561 15,301 [1]
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 51,010 $ 50,445 [1]
[1] As Adjusted