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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Assets    
Short Term Investments $ 1,860 $ 2,528
Fixed Maturities (cost $35,734 and $35,398) 38,216 38,076
Equity Securities (cost $1,227 and $1,244) 1,848 1,663
Other Invested Assets 1,887 1,954
TOTAL INVESTED ASSETS 43,811 44,221
Cash 55 50
Accrued Investment Income 429 424
Premiums Receivable 2,181 2,185
Reinsurance Recoverable on Unpaid Losses and Loss Expenses 1,925 1,941
Prepaid Reinsurance Premiums 336 337
Deferred Policy Acquisition Costs 1,241 1,206
Goodwill 467 467
Other Assets 1,645 1,353
TOTAL ASSETS 52,090 52,184
Liabilities    
Unpaid Losses and Loss Expenses 23,604 23,963
Unearned Premiums 6,383 6,361
Long Term Debt 3,575 3,575
Dividend Payable to Shareholders 115 108
Deferred Income Tax 214 162
Accrued Expenses and Other Liabilities 2,183 2,188
TOTAL LIABILITIES 36,074 36,357
Shareholders' Equity    
Common Stock - $1 Par Value; 371,980,460 Shares 372 372
Paid-In Surplus 105 178
Retained Earnings 20,550 20,009
Accumulated Other Comprehensive Income 1,402 1,431
Treasury Stock, at Cost - 112,807,699 and 110,217,445 Shares (6,413) (6,163)
TOTAL SHAREHOLDERS' EQUITY 16,016 15,827
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 52,090 $ 52,184