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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Short Term Investments $ 2,002 $ 2,528
Fixed Maturities (cost $35,837 and $35,398) 37,300 38,076
Equity Securities (cost $1,281 and $1,244) 1,845 1,663
Other Invested Assets 1,756 1,954
TOTAL INVESTED ASSETS 42,903 44,221
Cash 67 50
Accrued Investment Income 427 424
Premiums Receivable 2,315 2,185
Reinsurance Recoverable on Unpaid Losses and Loss Expenses 1,833 1,941
Prepaid Reinsurance Premiums 344 337
Deferred Policy Acquisition Costs 1,262 1,206
Deferred Income Tax 162  
Goodwill 467 467
Other Assets 1,460 1,353
TOTAL ASSETS 51,240 52,184
Liabilities    
Unpaid Losses and Loss Expenses 23,531 23,963
Unearned Premiums 6,514 6,361
Long Term Debt 3,300 3,575
Dividend Payable to Shareholders 114 108
Deferred Income Tax   162
Accrued Expenses and Other Liabilities 2,258 2,188
TOTAL LIABILITIES 35,717 36,357
Shareholders' Equity    
Common Stock - $1 Par Value; 371,980,460 Shares 372 372
Paid-In Surplus 126 178
Retained Earnings 21,015 20,009
Accumulated Other Comprehensive Income 744 1,431
Treasury Stock, at Cost - 116,465,954 and 110,217,445 Shares (6,734) (6,163)
TOTAL SHAREHOLDERS' EQUITY 15,523 15,827
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 51,240 $ 52,184