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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Revenues          
Premiums earned $ 1,319 $ 1,215 $ 2,607 $ 2,390  
Net investment income 111 104 220 207  
Net realized investment gains 133 61 189 310  
Net impairment losses recognized in earnings 0 (1) 0 (1)  
Equity in earnings of limited partnerships 27 39 77 75  
Other income 8 8 16 16  
Total revenues 1,598 1,426 3,109 2,997  
Benefits and expenses          
Insurance losses and loss expenses 1,126 861 2,160 1,703  
Policy acquisition and underwriting expenses 325 302 646 595  
Total benefits and expenses 1,451 1,163 2,806 2,298  
Income (loss) from operations before income taxes and noncontrolling interest 147 263 303 699  
Provision for income taxes 44 86 91 232  
Net income (loss) 103 177 212 467 1,048
Less: Net income attributable to noncontrolling interest in consolidated entity – Exchange 54 133 117 386  
Net income attributable to Indemnity 49 44 95 81  
Indemnity
         
Revenues          
Net investment income 4 3 8 7  
Net realized investment gains 0 0 1 0  
Equity in earnings of limited partnerships 3 5 9 8  
Benefits and expenses          
Income (loss) from operations before income taxes and noncontrolling interest 75 67 144 123  
Provision for income taxes 26 23 49 42  
Net income (loss)     95   163
Net income attributable to Indemnity $ 49 $ 44 $ 95 $ 81  
Class A | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 1.05 $ 0.95 $ 2.04 $ 1.73  
Common stock - diluted (in dollars per share) $ 0.94 $ 0.84 $ 1.82 $ 1.54  
Weighted average shares outstanding attributable to Indemnity - Basic          
Common stock - basic (in shares) 46,214,153 46,693,333 46,307,659 46,733,925  
Weighted average shares outstanding attributable to Indemnity - Diluted          
Common stock - diluted (in shares) 52,411,414 52,886,259 52,504,920 52,926,851  
Dividends declared per share          
Common stock (in dollars per share) $ 0.6350 $ 0.5925 $ 1.2700 $ 1.1850 $ 2.4125
Class B | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 158.00 $ 142.00 $ 307.00 $ 259.00  
Common stock - diluted (in dollars per share) $ 158.00 $ 142.00 $ 307.00 $ 259.00  
Weighted average shares outstanding attributable to Indemnity - Basic          
Common stock - basic (in shares) 2,542 2,542 2,542 2,542  
Weighted average shares outstanding attributable to Indemnity - Diluted          
Common stock - diluted (in shares) 2,542 2,542 2,542 2,542  
Dividends declared per share          
Common stock (in dollars per share) $ 95.2500 $ 88.8750 $ 190.5000 $ 177.7500 $ 361.8750