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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues                      
Premiums earned                 $ 4,214 $ 3,987 $ 3,869
Net investment income                 433 433 433
Net realized investment (losses) gains                 (4) 313 412
Net impairment losses recognized in earnings                 (2) (6) (126)
Equity in earnings (losses) of limited partnerships                 149 128 (369)
Other income                 34 35 36
Total revenues 1,418 796 1,245 1,365 1,401 1,357 916 1,216 4,824 4,890 4,255
Benefits and expenses                      
Insurance losses and loss expenses                 3,444 2,900 2,728
Policy acquisition and underwriting expenses                 1,022 969 1,003
Goodwill impairment                   22  
Total benefits and expenses 993 1,101 1,419 953 984 952 967 988 4,466 3,891 3,731
Income (loss) from operations before income taxes and noncontrolling interests 425 (305) (174) 412 417 405 (51) 228 358 999 524
Provision for income taxes                 90 339 78
Net income 281 (180) (107) 274 254 275 (31) 162 268 660 446
Less: Net income attributable to noncontrolling interest in consolidated entity - Exchange 255 (227) (159) 230 242 221 (80) 115 99 498 338
Net income attributable to Indemnity 26 47 52 44 12 54 49 47 169 162 108
Indemnity
                     
Revenues                      
Net investment income                 16 37 42
Net realized investment (losses) gains                 3 (1) 10
Benefits and expenses                      
Income (loss) from operations before income taxes and noncontrolling interests                 256 269 154
Provision for income taxes                 85 104 49
Net income                 $ 169 $ 162 $ 108
Class A | Indemnity
                     
Net income attributable to Indemnity per share                      
Common stock - basic (in dollars per share) $ 0.55 $ 0.97 $ 1.05 $ 0.88 $ 0.25 $ 1.05 $ 0.96 $ 0.92 $ 3.45 $ 3.18 $ 2.10
Common stock - diluted (in dollars per share) $ 0.49 $ 0.87 $ 0.94 $ 0.78 $ 0.22 $ 0.94 $ 0.86 $ 0.82 $ 3.08 $ 2.85 $ 1.89
Weighted average shares outstanding attributable to Indemnity - Basic                      
Common stock - basic (in shares)                 48,875,316 50,705,607 51,250,606
Weighted average shares outstanding attributable to Indemnity - Diluted                      
Common stock - diluted (in shares)                 55,057,437 56,884,894 57,428,999
Class B | Indemnity
                     
Net income attributable to Indemnity per share                      
Common stock - basic (in dollars per share) $ 81.76 $ 146.67 $ 158.33 $ 126.48 $ 40.93 $ 150.87 $ 138.21 $ 132.83 $ 522.47 $ 462.83 $ 312.45
Common stock - diluted (in dollars per share) $ 81.76 $ 146.67 $ 158.33 $ 126.48 $ 40.93 $ 150.87 $ 138.21 $ 132.83 $ 522.47 $ 462.83 $ 312.45
Weighted average shares outstanding attributable to Indemnity - Basic                      
Common stock - basic (in shares)                 2,546 2,546 2,549
Weighted average shares outstanding attributable to Indemnity - Diluted                      
Common stock - diluted (in shares)                 2,546 2,546 2,549