Indemnity Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Indemnity Earnings Per Share

Note 3.  Indemnity Earnings Per Share

Class A and Class B basic earnings per share and Class B diluted earnings per share are calculated under the two-class method. The two-class method allocates earnings to each class of stock based upon its dividend rights.  Class B shares are convertible into Class A shares at a conversion ratio of 2,400 to 1. See Note 17, “Indemnity Capital Stock.”

Class A diluted earnings per share are calculated under the if-converted method, which reflects the conversion of Class B shares to Class A shares. Diluted earnings per share calculations include the dilutive effect of assumed issuance of stock-based awards under compensation plans using the treasury stock method. See Note 16, "Incentive and Deferred Compensation Plans."

A reconciliation of the numerators and denominators used in the basic and diluted per-share computations is presented as follows for each class of Indemnity common stock:

	Indemnity Shareholder Interest
(dollars in millions, except per share data)						For the years ended December 31,
	2014					2013					2012
	Allocated net income (numerator)		Weighted shares (denominator)	Per- share amount		Allocated net income (numerator)		Weighted shares (denominator)	Per- share amount		Allocated net income (numerator)		Weighted shares (denominator)	Per- share amount
Class A – Basic EPS:
Income available to  Class A stockholders	$	167	46,247,876	$	3.59	$	162	46,660,651	$	3.46	$	159	47,357,836	$	3.38
Dilutive effect of stock-based awards	0		267,558	—		0		94,306	—		0		84,397	—
Assumed conversion of Class B shares	1		6,100,800	—		1		6,100,800	—		1		6,105,600	—
Class A – Diluted EPS:
Income available to Class A stockholders on Class A equivalent shares	$	168	52,616,234	$	3.18	$	163	52,855,757	$	3.08	$	160	53,547,833	$	2.99
Class B – Basic EPS:
Income available to Class B stockholders	$	1	2,542	$	539	$	1	2,542	$	520	$	1	2,544	$	505
Class B – Diluted EPS:
Income available to Class B stockholders	$	1	2,542	$	538	$	1	2,542	$	519	$	1	2,544	$	505