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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Property-liability insurance premiums $ 6,862 $ 6,666 $ 13,632 $ 13,296
Life and annuity premiums and contract charges 579 559 1,158 1,112
Net investment income 984 1,026 1,967 2,037
Realized capital gains and losses:        
Total other-than-temporary impairment losses (55) (69) (82) (156)
Portion of loss recognized in other comprehensive income (5) 19 (15) 23
Net other-than-temporary impairment losses recognized in earnings (60) (50) (97) (133)
Sales and other realized capital gains and losses 422 77 590 328
Total realized capital gains and losses 362 27 493 195
Total revenues 8,787 8,278 17,250 16,640
Costs and expenses        
Property-liability insurance claims and claims expense 4,741 4,810 9,201 9,149
Life and annuity contract benefits 471 462 929 901
Interest credited to contractholder funds 311 366 656 744
Amortization of deferred policy acquisition costs 961 942 1,907 1,921
Operating costs and expenses 1,090 996 2,192 2,013
Restructuring and related charges 20 10 46 16
Loss on extinguishment of debt 480   480  
Interest expense 99 93 197 188
Total costs and expenses 8,173 7,679 15,608 14,932
Gain on disposition of operations   3 2 6
Income from operations before income tax expense 614 602 1,644 1,714
Income tax expense 180 179 501 525
Net income 434 423 1,143 1,189
Preferred stock dividends            
Net income available to common shareholders $ 434 $ 423 $ 1,143 $ 1,189
Earnings per common share:        
Net income available to common shareholders per common share - Basic (in dollars per share) $ 0.93 $ 0.86 $ 2.42 $ 2.40
Weighted average common shares - Basic (in shares) 468.3 490.6 471.9 494.9
Net income available to common shareholders per common share - Diluted (in dollars per share) $ 0.92 $ 0.86 $ 2.39 $ 2.39
Weighted average common shares - Diluted (in shares) 473.8 493.8 477.3 497.9
Cash dividends declared per common share (in dollars per share) $ 0.25 $ 0.22 $ 0.50 $ 0.44