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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Revenues          
Premiums earned $ 1,355 $ 1,241 $ 3,962 $ 3,631  
Net investment income 115 109 335 316  
Net realized investment (losses) gains (85) 191 104 501  
Net impairment losses recognized in earnings (1) (9) (1) (10)  
Equity in earnings of limited partnerships 34 37 111 112  
Other income 8 8 24 24  
Total revenues 1,426 1,577 4,535 4,574  
Benefits and expenses          
Insurance losses and loss expenses 935 868 3,095 2,571  
Policy acquisition and underwriting expenses 341 311 987 906  
Total benefits and expenses 1,276 1,179 4,082 3,477  
Income (loss) from operations before income taxes and noncontrolling interest 150 398 453 1,097  
Provision for income taxes 42 131 133 363  
Net income (loss) 108 267 320 734 1,048
Less: Net income attributable to noncontrolling interest in consolidated entity – Exchange 61 221 178 607  
Net income attributable to Indemnity 47 46 142 127  
Indemnity
         
Revenues          
Net investment income 4 4 12 11  
Net realized investment (losses) gains 0 1 1 1  
Net impairment losses recognized in earnings 0 0 0 0  
Equity in earnings of limited partnerships 4 5 13 13  
Benefits and expenses          
Income (loss) from operations before income taxes and noncontrolling interest 70 70 214 193  
Provision for income taxes 23 24 72 66  
Net income (loss)     142   163
Net income attributable to Indemnity $ 47 $ 46 $ 142 $ 127  
Class A | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 1.01 $ 0.98 $ 3.05 $ 2.71  
Common stock - diluted (in dollars per share) $ 0.90 $ 0.87 $ 2.71 $ 2.41  
Weighted average shares outstanding attributable to Indemnity - Basic          
Common stock - basic (in shares) 46,189,068 46,656,911 46,267,694 46,707,971  
Weighted average shares outstanding attributable to Indemnity - Diluted          
Common stock - diluted (in shares) 52,387,164 52,851,250 52,465,790 52,902,310  
Dividends declared per share          
Common stock (in dollars per share) $ 0.6350 $ 0.5925 $ 1.9050 $ 1.7775 $ 2.4125
Class B | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 151.00 $ 147.00 $ 458.00 $ 406.00  
Common stock - diluted (in dollars per share) $ 151.00 $ 147.00 $ 457.00 $ 406.00  
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 $ 285.7500 $ 266.6250 $ 361.8750