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Consolidated Statements Of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Net premiums written $ 7,104 $ 6,710
Change In Unearned Premium Net 77 (62)
Net premiums earned 7,027 6,772
Net investment income 806 745
Net Realized Gains Losses [Abstract]    
Other-than-temporary impairment (OTTI) losses gross (1) (19)
Portion of OTTI losses recognized in other comprehensive income (OCI) 0 0
Net OTTI losses recognized in income (1) (19)
Net realized gains (losses) excluding OTTI losses (1) 12
Total net realized gains (losses) (includes $(23) and $(8) reclassified from AOCI) (2) (7)
Total revenues 7,831 7,510
Expenses    
Losses and loss expenses 4,102 3,789
Policy benefits 151 168
Policy acquisition costs 1,464 1,397
Administrative expenses 692 676
Interest expense 157 154
Other (income) expense (47) (70)
Amortization of purchased intangibles 85 64
Chubb integration expenses 10 111
Total expenses 6,614 6,289
Income before income tax 1,217 1,221
Income tax expense (benefit) (includes $(3) and $(6) on reclassified unrealized losses) 135 128
Net income 1,082 1,093
Other comprehensive income (loss)    
Unrealized appreciation (depreciation) (1,234) 307
Reclassification adjustment for net realized losses included in net income 23 8
Unrealized appreciation (Depreciation) after reclassification adjustment (1,211) 315
Change in:    
Cumulative foreign currency translation adjustment 397 134
Postretirement benefit liability adjustment (23) (20)
Other comprehensive income (loss), before income tax (837) 429
Income tax (expense) benefit related to OCI items 208 (115)
Other comprehensive income (loss) (629) 314
Comprehensive income $ 453 $ 1,407
Earnings per share    
Basic earnings per share $ 2.32 $ 2.33
Diluted earnings per share $ 2.30 $ 2.31