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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, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Revenues          
Premiums earned $ 1,137 $ 1,061 $ 3,333 $ 3,138  
Net investment income 105 108 326 326  
Net realized investment gains (losses) 169 (422) 358 (234)  
Net impairment losses recognized in earnings 0 0 0 0  
Equity in earnings of limited partnerships 41 40 99 150  
Other income 8 9 24 26  
Total revenues 1,460 796 4,140 3,406  
Benefits and expenses          
Insurance losses and loss expenses 912 848 2,571 2,724  
Policy acquisition and underwriting expenses 278 253 835 749  
Total benefits and expenses 1,190 1,101 3,406 3,473  
Income (loss) from operations before income taxes and noncontrolling interest 270 (305) 734 (67)  
Provision for income taxes 86 (125) 234 (54)  
Net income (loss) 184 (180) 500 (13) 268
Less: Net income (loss) attributable to noncontrolling interest in consolidated entity - Exchange 133 (227) 370 (156)  
Net income attributable to Indemnity 51 47 130 143  
Indemnity
         
Revenues          
Net investment income 4 4 12 12  
Net realized investment gains (losses) 2 (6) 4 1  
Benefits and expenses          
Income (loss) from operations before income taxes and noncontrolling interest 78 67 197 215  
Provision for income taxes 27 20 67 72  
Net income (loss)     130   169
Net income attributable to Indemnity $ 51 $ 47 $ 130 $ 143  
Class A | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 1.08 $ 0.97 $ 2.73 $ 2.90  
Common stock - diluted (in dollars per share) $ 0.96 $ 0.87 $ 2.43 $ 2.59  
Weighted average shares outstanding attributable to Indemnity - Basic          
Common stock - basic (in shares) 47,188,741 48,503,383 47,476,693 49,176,124  
Weighted average shares outstanding attributable to Indemnity - Diluted          
Common stock - diluted (in shares) 53,374,846 54,685,021 53,662,798 55,357,762  
Dividends declared per share          
Common stock (in dollars per share) $ 0.5525 $ 0.515 $ 1.6575 $ 1.545 $ 2.0975
Class B | Indemnity
         
Net income attributable to Indemnity per share          
Common stock - basic (in dollars per share) $ 162.02 $ 146.67 $ 410.89 $ 439.39  
Common stock - diluted (in dollars per share) $ 162.02 $ 146.67 $ 410.89 $ 439.39  
Weighted average shares outstanding attributable to Indemnity - Basic          
Common stock - basic (in shares) 2,544 2,546 2,544 2,546  
Weighted average shares outstanding attributable to Indemnity - Diluted          
Common stock - diluted (in shares) 2,544 2,546 2,544 2,546  
Dividends declared per share          
Common stock (in dollars per share) $ 82.8750 $ 77.250 $ 249 $ 232 $ 315