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Consolidated Statements Of Operations And Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Net premiums written $ 3,572 $ 3,446
Change in unearned premiums (191) (137)
Net premiums earned 3,381 3,309
Net investment income 544 544
Net realized gains (losses):    
Other-than-temporary impairment (OTTI) losses gross (10) (5)
Portion of OTTI losses recognized in other comprehensive income (OCI)   1
Net OTTI losses recognized in income (10) (4)
Net realized gains (losses) excluding OTTI losses 270 (41)
Total net realized gains (losses) 260 (45)
Total revenues 4,185 3,808
Expenses    
Losses and loss expenses 1,804 2,263
Policy benefits 147 91
Policy acquisition costs 582 559
Administrative expenses 510 499
Interest expense 62 63
Other (income) expense (3) (13)
Total expenses 3,102 3,462
Income before income tax 1,083 346
Income tax expense 110 96
Net income 973 250
Other comprehensive income    
Unrealized appreciation 325 66
Reclassification adjustment for net realized gains included in net income (33) (56)
Subtotal 292 10
Change in:    
Cumulative translation adjustment 88 232
Pension liability (2) (6)
Other comprehensive income, before income tax 378 236
Income tax expense related to OCI items (80) (48)
Other comprehensive income 298 188
Comprehensive income $ 1,271 $ 438
Earnings per share    
Basic earnings per share $ 2.87 $ 0.74
Diluted earnings per share $ 2.84 $ 0.73