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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets    
Short Term Investments $ 1,693 $ 2,114
Fixed Maturities (cost $36,331 and $35,959) 37,825 37,091
Equity Securities (cost $1,111 and $1,057) 1,863 1,810
Other Invested Assets 1,555 1,598
TOTAL INVESTED ASSETS 42,936 42,613
Cash 57 52
Accrued Investment Income 419 418
Premiums Receivable 2,200 2,284
Reinsurance Recoverable on Unpaid Losses and Loss Expenses 1,767 1,802
Prepaid Reinsurance Premiums 282 290
Deferred Policy Acquisition Costs 1,265 1,255
Deferred Income Tax   47
Goodwill 467 467
Other Assets 1,397 1,205
TOTAL ASSETS 50,790 50,433
Liabilities    
Unpaid Losses and Loss Expenses 23,137 23,146
Unearned Premiums 6,439 6,423
Long Term Debt 3,300 3,300
Dividend Payable to Shareholders 124 110
Deferred Income Tax 131  
Accrued Expenses and Other Liabilities 1,433 1,357
TOTAL LIABILITIES 34,564 34,336
Shareholders' Equity    
Common Stock - $1 Par Value; 371,980,460 Shares 372 372
Paid-In Surplus 108 171
Retained Earnings 22,227 21,902
Accumulated Other Comprehensive Income 1,257 1,035
Treasury Stock, at Cost - 127,494,420 and 123,673,969 Shares (7,738) (7,383)
TOTAL SHAREHOLDERS' EQUITY 16,226 16,097
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 50,790 $ 50,433