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Segments Information (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Revenues and Income Before Income Tax of Each Operating Segment

Revenues and income before income tax of each operating segment were as follows:

 

     Three Months Ended
March 31
 
     2014     2013  
     (in millions)  

Revenues

    

Property and casualty insurance

    

Premiums earned

    

Personal insurance

   $ 1,076      $ 1,031   

Commercial insurance

     1,300        1,308   

Specialty insurance

     653        666   
  

 

 

   

 

 

 

Total insurance

     3,029        3,005   

Reinsurance assumed

     —          (1
  

 

 

   

 

 

 
     3,029        3,004   

Investment income

     351        363   
  

 

 

   

 

 

 

Total property and casualty insurance

     3,380        3,367   

Corporate and other

     10        12   

Realized investment gains, net

     116        138   
  

 

 

   

 

 

 

Total revenues

   $ 3,506      $ 3,517   
  

 

 

   

 

 

 

Income (loss) before income tax

    

Property and casualty insurance

    

Underwriting

    

Personal insurance

   $ 2      $ 150   

Commercial insurance

     111        195   

Specialty insurance

     82        95   
  

 

 

   

 

 

 

Total insurance

     195        440   

Reinsurance assumed

     —          4   
  

 

 

   

 

 

 
     195        444   

Increase in deferred policy acquisition costs

     13        41   
  

 

 

   

 

 

 

Underwriting income

     208        485   

Investment income

     341        351   

Other income (charges)

     (2     5   
  

 

 

   

 

 

 

Total property and casualty insurance

     547        841   

Corporate and other

     (60     (63 )

Realized investment gains, net

     116        138   
  

 

 

   

 

 

 

Total income before income tax

   $ 603      $ 916