XML 16 R1.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues    
Premiums earned$ 1,061$ 1,005$ 3,138$ 2,972
Net investment income108110326322
Net realized investment (losses) gains(422)205(234)117
Net impairment losses recognized in earnings000(6)
Equity in earnings of limited partnerships402815058
Other income992626
Total revenues7961,3573,4063,489
Benefits and expenses    
Insurance losses and loss expenses8487102,7242,208
Policy acquisition and underwriting expenses253242749699
Total benefits and expenses1,1019523,4732,907
(Loss) income from operations before income taxes and noncontrolling interest(305)405(67)582
Provision for income taxes(125)130(54)176
Net (loss) income(180)275(13)406
Less: Net (loss) income attributable to noncontrolling interest in consolidated entity - Exchange(227)221(156)256
Net income attributable to Indemnity4754143150
Class A | Indemnity
    
Net income attributable to Indemnity per share    
Common stock - basic (in dollars per share)$ 0.97$ 1.05$ 2.90$ 2.92
Common stock - diluted (in dollars per share)$ 0.87$ 0.94$ 2.59$ 2.62
Weighted average shares outstanding attributable to Indemnity - Basic    
Common stock - basic (in shares)48,503,38350,499,55149,176,12450,897,035
Weighted average shares outstanding attributable to Indemnity - Diluted    
Common stock - diluted (in shares)54,685,02156,678,32155,357,76257,075,805
Dividends declared per share    
Common stock (in dollars per share)$ 0.515$ 0.48$ 1.545$ 1.44
Class B | Indemnity
    
Net income attributable to Indemnity per share    
Common stock - basic (in dollars per share)$ 146.67$ 150.87$ 439.39$ 421.91
Common stock - diluted (in dollars per share)$ 146.67$ 150.87$ 439.39$ 421.91
Weighted average shares outstanding attributable to Indemnity - Basic    
Common stock - basic (in shares)2,5462,5462,5462,546
Weighted average shares outstanding attributable to Indemnity - Diluted    
Common stock - diluted (in shares)2,5462,5462,5462,546
Dividends declared per share    
Common stock (in dollars per share)$ 77.25$ 72.00$ 231.750$ 216.000
Indemnity
    
Revenues    
Net investment income4101228
Net realized investment (losses) gains(6)517
Net impairment losses recognized in earnings000(1)
Benefits and expenses    
(Loss) income from operations before income taxes and noncontrolling interest6782215223
Provision for income taxes20287273
Net (loss) income$ 47$ 54$ 143$ 150