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Consolidated Statements Of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Net premiums written $ 7,902 $ 7,573 $ 22,193 $ 21,207
Decrease (increase) in unearned premiums (95) 115 (377) 483
Net premiums earned 7,807 7,688 21,816 21,690
Net investment income 813 739 2,328 2,121
Net Realized Gains Losses [Abstract]        
Other-than-temporary impairment (OTTI) losses gross (8) (12) (36) (99)
Portion of OTTI losses recognized in other comprehensive income (OCI) 0 0 1 8
Net OTTI losses recognized in income (8) (12) (35) (91)
Net realized gains (losses) excluding OTTI losses (2) 112 119 (419)
Total net realized gains (losses) (includes $10, $33, $27, and $(117) reclassified from AOCI) (10) 100 84 (510)
Total revenues 8,610 8,527 24,228 23,301
Expenses        
Losses and loss expenses 6,247 4,269 14,182 12,197
Policy benefits 169 155 500 427
Policy acquisition costs 1,488 1,514 4,334 4,487
Administrative expenses 714 772 2,096 2,373
Interest expense 150 152 451 451
Other (income) expense (118) (91) (333) (92)
Amortization of purchased intangibles 65 4 194 16
Chubb integration expenses 50 115 233 361
Total expenses 8,765 6,890 21,657 20,220
Loss before income tax (155) 1,637 2,571 3,081
Income tax expense (benefit) (includes nil, $11, $3 and $16 on reclassified unrealized gains and losses) (85) 277 243 556
Net income (loss) (70) 1,360 2,328 2,525
Other comprehensive income        
Unrealized appreciation 153 247 919 2,099
Reclassification adjustment for net realized (gains) losses included in net income (loss) (10) (33) (27) 117
Unrealized appreciation (Depreciation) after reclassification adjustment 143 214 892 2,216
Change in:        
Cumulative foreign currency translation adjustment 665 (124) 901 269
Postretirement benefit liability adjustment (63) 5 (118) 8
Other comprehensive income, before income tax 745 95 1,675 2,493
Income tax expense related to OCI items (46) (79) (292) (561)
Other comprehensive income 699 16 1,383 1,932
Comprehensive income $ 629 $ 1,376 $ 3,711 $ 4,457
Earnings (loss) per share        
Basic earnings (loss) per share $ (0.15) $ 2.90 $ 4.98 $ 5.48
Diluted earnings (loss) per share $ (0.15) $ 2.88 $ 4.94 $ 5.44