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Consolidated Statements Of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net premiums written $ 6,710 $ 5,995
Decrease in unearned premiums 62 602
Net premiums earned 6,772 6,597
Net investment income 745 674
Net Realized Gains Losses [Abstract]    
Other-than-temporary impairment (OTTI) losses gross (19) (71)
Portion of OTTI losses recognized in other comprehensive income (OCI) 0 8
Net OTTI losses recognized in income (19) (63)
Net realized gains (losses) excluding OTTI losses 12 (331)
Total net realized gains (losses) (includes $(8) and $(152) reclassified from AOCI) (7) (394)
Total revenues 7,510 6,877
Expenses    
Losses and loss expenses 3,789 3,674
Policy benefits 168 126
Policy acquisition costs 1,397 1,413
Administrative expenses 676 772
Interest expense 154 146
Other (income) expense (70) 28
Amortization of purchased intangibles 64 7
Chubb integration expenses 111 148
Total expenses 6,289 6,314
Income before income tax 1,221 563
Income tax (benefit) expense (includes $(6) and $(1) on reclassified unrealized losses) 128 124
Net income 1,093 439
Other comprehensive income    
Unrealized appreciation 307 905
Reclassification adjustment for net realized losses included in net income 8 152
Unrealized appreciation (Depreciation) after reclassification adjustment 315 1,057
Change in:    
Cumulative foreign currency translation adjustment 134 312
Postretirement benefit liability adjustment (20) 2
Other comprehensive income, before income tax 429 1,371
Income tax expense related to OCI items (115) (269)
Other comprehensive income 314 1,102
Comprehensive income $ 1,407 $ 1,541
Earnings per share    
Basic earnings per share $ 2.33 $ 0.98
Diluted earnings per share $ 2.31 $ 0.97