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Consolidated Statements Of Operations and Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Net premiums written $ 17,713 $ 17,799 $ 17,025
Increase in unearned premiums (500) (373) (412)
Net premiums earned 17,213 17,426 16,613
Net investment income 2,194 2,252 2,144
Net realized gains (losses):      
Other-than-temporary impairment (OTTI) losses gross (151) (75) (22)
Portion of OTTI losses recognized in other comprehensive income (OCI) (39) (7)  
Net OTTI losses recognized in income (112) (68) (22)
Net realized gains (losses) excluding OTTI losses (308) (439) 526
Total net realized gains (losses) (420) (507) 504
Total revenues 18,987 19,171 19,261
Expenses      
Losses and loss expenses 9,484 9,649 9,348
Policy benefits 543 517 515
Policy acquisition costs 2,941 3,075 2,659
Administrative expenses 2,270 2,245 2,211
Interest expense 300 280 275
Other (income) expense (51) (190) (80)
Amortization of Intangible Assets 171 108 95
Chubb integration expenses 33 0 0
Total expenses 15,691 15,684 15,023
Income before income tax 3,296 3,487 4,238
Income tax expense 462 634 480
Net income 2,834 2,853 3,758
Other comprehensive income (loss)      
Unrealized appreciation (depreciation) (1,280) 820 (1,762)
Reclassification adjustment for net realized (gains) losses included in net income 151 24 (105)
Other comprehensive income (loss)after reclassification for net realized gains included in net income (1,129) 844 (1,867)
Change in:      
Cumulative translation adjustment (958) (632) (339)
Pension liability 15 2  
Other comprehensive income (loss), before income tax (2,072) 214 (2,206)
Income tax benefit (expense) related to OCI items 146 (175) 471
Other comprehensive income (loss) (1,926) 39 (1,735)
Comprehensive income $ 908 $ 2,892 $ 2,023
Earnings per share      
Basic earnings per share $ 8.71 $ 8.50 $ 11.02
Diluted earnings per share $ 8.62 $ 8.42 $ 10.92