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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Property-liability insurance premiums (net of reinsurance ceded of $1,090, $1,098 and $1,092) $ 26,737 $ 25,942 $ 25,957
Life and annuity premiums and contract charges (net of reinsurance ceded of $674, $750 and $804) 2,241 2,238 2,168
Net investment income 4,010 3,971 4,102
Realized capital gains and losses:      
Total other-than-temporary impairment losses (239) (563) (937)
Portion of loss recognized in other comprehensive income 6 (33) (64)
Net other-than-temporary impairment losses recognized in earnings (233) (596) (1,001)
Sales and other realized capital gains and losses 560 1,099 174
Total realized capital gains and losses 327 503 (827)
Total revenues 33,315 32,654 31,400
Costs and expenses      
Property-liability insurance claims and claims expense (net of reinsurance ceded of $2,051, $927 and $271) 18,484 20,161 18,951
Life and annuity contract benefits (net of reinsurance ceded of $665, $653 and $702) 1,818 1,761 1,815
Interest credited to contractholder funds (net of reinsurance ceded of $28, $27 and $32) 1,316 1,645 1,807
Amortization of deferred policy acquisition costs 3,884 3,971 3,807
Operating costs and expenses 4,118 3,739 3,542
Restructuring and related charges 34 44 30
Interest expense 373 367 367
Total costs and expenses 30,027 31,688 30,319
Gain (loss) on disposition of operations 18 (7) 19
Income from operations before income tax expense 3,306 959 1,100
Income tax expense 1,000 172 189
Net income $ 2,306 $ 787 $ 911
Earnings per share:      
Net income per share - Basic (in dollars per share) $ 4.71 $ 1.51 $ 1.69
Weighted average shares - Basic (in shares) 489.4 520.7 540.3
Net income per share - Diluted (in dollars per share) $ 4.68 $ 1.50 $ 1.68
Weighted average shares - Diluted (in shares) 493.0 523.1 542.5
Cash dividends declared per share (in dollars per share) $ 0.88 $ 0.84 $ 0.80