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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Property-liability insurance premiums (net of reinsurance ceded of $1,069, $1,090 and $1,098) $ 27,618 $ 26,737 $ 25,942
Life and annuity premiums and contract charges (net of reinsurance ceded of $639, $674 and $750) 2,352 2,241 2,238
Net investment income 3,943 4,010 3,971
Realized capital gains and losses:      
Total other-than-temporary impairment losses (207) (239) (563)
Portion of loss recognized in other comprehensive income (8) 6 (33)
Net other-than-temporary impairment losses recognized in earnings (215) (233) (596)
Sales and other realized capital gains and losses 809 560 1,099
Total realized capital gains and losses 594 327 503
Total revenues 34,507 33,315 32,654
Costs and expenses      
Property-liability insurance claims and claims expense (net of reinsurance ceded of $1,717, $2,051 and $927) 17,911 18,484 20,161
Life and annuity contract benefits (net of reinsurance ceded of $355, $665 and $653) 1,917 1,818 1,761
Interest credited to contractholder funds (net of reinsurance ceded of $27, $28 and $27) 1,278 1,316 1,645
Amortization of deferred policy acquisition costs 4,002 3,884 3,971
Operating costs and expenses 4,387 4,118 3,739
Restructuring and related charges 70 34 44
Loss on extinguishment of debt 491    
Interest expense 367 373 367
Total costs and expenses 30,423 30,027 31,688
(Loss) gain on disposition of operations (688) 18 (7)
Income from operations before income tax expense 3,396 3,306 959
Income tax expense 1,116 1,000 172
Net income 2,280 2,306 787
Preferred stock dividends 17    
Net income available to common shareholders $ 2,263 $ 2,306 $ 787
Earnings per common share:      
Net income available to common shareholders per common share - Basic (in dollars per share) $ 4.87 $ 4.71 $ 1.51
Weighted average common shares - Basic (in shares) 464.4 489.4 520.7
Net income available to common shareholders per common share - Diluted (in dollars per share) $ 4.81 $ 4.68 $ 1.50
Weighted average common shares - Diluted (in shares) 470.3 493.0 523.1
Cash dividends declared per common share (in dollars per share) $ 1.00 $ 0.88 $ 0.84