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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Assets    
Short Term Investments $ 1,881 $ 2,528
Fixed Maturities (cost $36,246 and $35,398) 37,610 38,076
Equity Securities (cost $1,163 and $1,244) 1,821 1,663
Other Invested Assets 1,665 1,954
TOTAL INVESTED ASSETS 42,977 44,221
Cash 46 50
Accrued Investment Income 428 424
Premiums Receivable 2,145 2,185
Reinsurance Recoverable on Unpaid Losses and Loss Expenses 1,778 1,941
Prepaid Reinsurance Premiums 306 337
Deferred Policy Acquisition Costs 1,268 1,206
Deferred Income Tax 202  
Goodwill 467 467
Other Assets 1,450 1,353
TOTAL ASSETS 51,067 52,184
Liabilities    
Unpaid Losses and Loss Expenses 23,397 23,963
Unearned Premiums 6,450 6,361
Long Term Debt 3,300 3,575
Dividend Payable to Shareholders 113 108
Deferred Income Tax   162
Accrued Expenses and Other Liabilities 2,186 2,188
TOTAL LIABILITIES 35,446 36,357
Shareholders' Equity    
Common Stock - $1 Par Value; 371,980,460 Shares 372 372
Paid-In Surplus 150 178
Retained Earnings 21,443 20,009
Accumulated Other Comprehensive Income 715 1,431
Treasury Stock, at Cost - 120,220,489 and 110,217,445 Shares (7,059) (6,163)
TOTAL SHAREHOLDERS' EQUITY 15,621 15,827
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 51,067 $ 52,184