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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, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Net premiums written $ 17,025 $ 16,075 $ 15,372
(Increase) decrease in unearned premiums (412) (398) 15
Net premiums earned 16,613 15,677 15,387
Net investment income 2,144 2,181 2,242
Net realized gains (losses):      
Other-than-temporary impairment (OTTI) losses gross (22) (38) (65)
Portion of OTTI losses recognized in other comprehensive income (OCI) 0 1 15
Net OTTI losses recognized in income (22) (37) (50)
Net realized gains (losses) excluding OTTI losses 526 115 (745)
Total net realized gains (losses) 504 78 (795)
Total revenues 19,261 17,936 16,834
Expenses      
Losses and loss expenses 9,348 9,653 9,520
Policy benefits 515 521 401
Policy acquisition costs 2,659 2,446 2,472
Administrative expenses 2,211 2,096 2,068
Interest expense 275 250 250
Other (income) expense 15 (6) 81
Total expenses 15,023 14,960 14,792
Income before income tax 4,238 2,976 2,042
Income tax expense 480 270 502
Net income 3,758 2,706 1,540
Other comprehensive income (loss)      
Unrealized appreciation (depreciation) (1,762) 1,350 646
Reclassification adjustment for net realized gains included in net income (105) (234) (173)
Other comprehensive income (loss)after reclassification for net realized gains included in net income (1,867) 1,116 473
Change in:      
Cumulative translation adjustment (339) 116 (5)
Pension liability 0 (35) 8
Other comprehensive income (loss), before income tax (2,206) 1,197 476
Income tax benefit (expense) related to OCI items 471 (221) (159)
Other comprehensive income (loss) (1,735) 976 317
Comprehensive income $ 2,023 $ 3,682 $ 1,857
Earnings per share      
Basic earnings per share $ 11.02 $ 7.96 $ 4.55
Diluted earnings per share $ 10.92 $ 7.89 $ 4.52