XML 90 R93.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segments Information - Revenues, Income Before Income Tax and Assets of Each Operating Segment (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues                      
Premiums earned related to insurance business                 $ 11,834 $ 11,631 $ 11,202
Investment Income                 1,556 1,644 1,665
Premiums earned related to reinsurance assumed                 4 13 13
Net premiums earned                 11,838 11,644 11,215
Corporate and other revenues                 46 55 88
Realized investment gains, net                 193 288 426
Total Revenues 3,400 [1] 3,362 3,423 3,410 3,345 3,420 3,400 3,420 13,595 13,585 13,319
Insurance underwriting income                 498 475 1,162
Reinsurance assumed underwriting income                 47 36 30
Underwriting income before deferred policy acquisition costs                 545 511 1,192
Increase in deferred policy acquisition costs                 3 63 30
Underwriting income                 548 574 1,222
Investment income                 1,518 1,605 1,630
Total property and casualty insurance                 2,040 2,157 2,782
Corporate and other loss                 (237) (246) (220)
Realized investment gains, net                 193 288 426
INCOME BEFORE FEDERAL AND FOREIGN INCOME TAX                 1,996 2,199 2,988
Assets                      
Total assets 52,184       50,445 [2]       52,184 50,445 [2] 49,976
Personal insurance [Member]
                     
Revenues                      
Premiums earned related to insurance business                 4,024 3,917 3,768
Insurance underwriting income                 192 47 303
Commercial insurance [Member]
                     
Revenues                      
Premiums earned related to insurance business                 5,144 4,945 4,647
Insurance underwriting income                 44 1 347
Specialty insurance [Member]
                     
Revenues                      
Premiums earned related to insurance business                 2,666 2,769 2,787
Insurance underwriting income                 262 427 512
Property and casualty insurance [Member]
                     
Revenues                      
Investment Income                 1,518 1,598 1,590
Total Revenues                 13,356 13,242 12,805
Investment income                 1,482 1,562 1,558
Other income                 10 21 2
Assets                      
Total assets 49,441       48,017       49,441 48,017 47,565
Corporate and Other [Member]
                     
Assets                      
Total assets 2,830       2,513       2,830 2,513 2,483
Adjustments and eliminations [Member]
                     
Assets                      
Total assets $ (87)       $ (85)       $ (87) $ (85) $ (72)
[1] In the fourth quarter of 2012, revenues were reduced by net reinsurance reinstatement premium costs of $53 million and losses and expenses included net losses of $829 million related to Storm Sandy. Net income for the quarter was reduced by $573 million or $2.15 per diluted share ($2.16 per share basic) for the after-tax effect of the net costs. Excluding the impact of Storm Sandy, the losses to premiums earned ratio was 50.9%, the expenses to premiums written ratio was 30.4% and the combined ratio was 81.3%.
[2] As Adjusted