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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Revenues      
Premiums earned $ 1,175 $ 1,087  
Net investment income 103 108  
Net realized investment gains 249 296  
Net impairment losses recognized in earnings 0 0  
Equity in earnings of limited partnerships 36 21  
Other income 8 8  
Total revenues 1,571 1,520  
Benefits and expenses      
Insurance losses and loss expenses 842 716  
Policy acquisition and underwriting expenses 293 270  
Total benefits and expenses 1,135 986  
Income (loss) from operations before income taxes and noncontrolling interest 436 534  
Provision for income taxes 146 180  
Net income (loss) 290 354 619
Less: Net income attributable to noncontrolling interest in consolidated entity – Exchange 253 318  
Net income attributable to Indemnity 37 36  
Indemnity
     
Revenues      
Net investment income 4 4  
Net realized investment gains 0 3  
Net impairment losses recognized in earnings 0 0  
Benefits and expenses      
Income (loss) from operations before income taxes and noncontrolling interest 56 54  
Net income (loss) 37   160
Net income attributable to Indemnity $ 37 $ 36  
Class A | Indemnity
     
Net income attributable to Indemnity per share      
Common stock - basic (in dollars per share) $ 0.78 $ 0.76  
Common stock - diluted (in dollars per share) $ 0.69 $ 0.67  
Weighted average shares outstanding attributable to Indemnity - Basic      
Common stock - basic (in shares) 46,774,968 47,749,799  
Weighted average shares outstanding attributable to Indemnity - Diluted      
Common stock - diluted (in shares) 52,960,165 53,930,044  
Dividends declared per share      
Common stock (in dollars per share) $ 0.5925 $ 0.5525 $ 4.25
Class B | Indemnity
     
Net income attributable to Indemnity per share      
Common stock - basic (in dollars per share) $ 117.00 $ 114.00  
Common stock - diluted (in dollars per share) $ 117.00 $ 114.00  
Weighted average shares outstanding attributable to Indemnity - Basic      
Common stock - basic (in shares) 2,542 2,545  
Weighted average shares outstanding attributable to Indemnity - Diluted      
Common stock - diluted (in shares) 2,542 2,545  
Dividends declared per share      
Common stock (in dollars per share) $ 88.8750 $ 82.8750 $ 637.5000