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Consolidated Statements Of Operations and Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Net premiums written $ 16,075 $ 15,372 $ 13,708
Change in unearned premiums (398) 15 (204)
Net premiums earned 15,677 15,387 13,504
Net investment income 2,181 2,242 2,070
Net realized gains (losses):      
Other-than-temporary impairment (OTTI) losses gross (38) (65) (128)
Portion of OTTI losses recognized in other comprehensive income (OCI) 1 15 69
Net OTTI losses recognized in income (37) (50) (59)
Net realized gains (losses) excluding OTTI losses 115 (745) 491
Total net realized gains (losses) 78 (795) 432
Total revenues 17,936 16,834 16,006
Expenses      
Losses and loss expenses 9,653 9,520 7,579
Policy benefits 521 401 357
Policy acquisition costs 2,446 2,472 2,345
Administrative expenses 2,096 2,068 1,873
Interest expense 250 250 224
Other (income) expense (6) 81 (10)
Total expenses 14,960 14,792 12,368
Income before income tax 2,976 2,042 3,638
Income tax expense 270 502 553
Net income (loss) 2,706 1,540 3,085
Other comprehensive income (loss)      
Unrealized appreciation 1,350 646 1,526
Reclassification adjustment for net realized gains included in net income (234) (173) (632)
Other comprehensive income (loss) 1,116 473 894
Change in:      
Cumulative translation adjustment 116 (5) (7)
Pension liability (35) 8 11
Other comprehensive income, before income tax 1,197 476 898
Income tax expense related to OCI items (221) (159) (127)
Other comprehensive income (loss) 976 317 771
Comprehensive income $ 3,682 $ 1,857 $ 3,856
Earnings per share      
Basic earnings per share (US$ per share) $ 7.96 $ 4.55 $ 9.08
Diluted earnings per share (US$ per share) $ 7.89 $ 4.52 $ 9.04