Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Policy Acquisition Costs Deferred and Related Amortization Reflected in Operating Results

Policy acquisition costs deferred and the related amortization reflected in operating results were as follows:

	Years Ended December 31
	2013			2012			2011
				(in millions)
Balance, beginning of year	$	1,206		$	1,210		$	1,142
Costs deferred during year
Commissions and brokerage		1,979			1,919			1,910
Premium taxes and assessments		263			247			235
Underwriting and policy issuance costs		271			248			248
		2,513			2,414			2,393
Foreign currency translation effect		(10	)		(7	)		5
Amortization during year		(2,454	)		(2,411	)		(2,330	)
Balance, end of year	$	1,255		$	1,206		$	1,210