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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, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues                      
Premiums earned                 $ 4,493 $ 4,214 $ 3,987
Net investment income                 438 433 433
Net realized investment gains (losses)                 418 (4) 313
Net impairment losses recognized in earnings                 0 (2) (6)
Equity in earnings of limited partnerships                 131 149 128
Other income                 32 34 35
Total revenues 1,372 1,460 1,160 1,520 1,418 796 1,245 1,365 5,512 4,824 4,890
Benefits and expenses                      
Insurance losses and loss expenses                 3,480 3,444 2,900
Policy acquisition and underwriting expenses                 1,133 1,022 969
Goodwill impairment                       22
Total benefits and expenses 1,207 1,190 1,230 986 993 1,101 1,419 953 4,613 4,466 3,891
Income (loss) from operations before income taxes and noncontrolling interest 165 270 (70) 534 425 (305) (174) 412 899 358 999
Provision for income taxes                 280 90 339
Net income (loss) 119 184 (38) 354 281 (180) (107) 274 619 268 660
Less: Net income attributable to noncontrolling interest in consolidated entity – Exchange 89 133 (81) 318 255 (227) (159) 230 459 99 498
Net income attributable to Indemnity 30 51 43 36 26 47 52 44 160 169 162
Indemnity
                     
Revenues                      
Net investment income                 16 16 37
Net realized investment gains (losses)                 5 3 (1)
Net impairment losses recognized in earnings                 0 0 (1)
Benefits and expenses                      
Income (loss) from operations before income taxes and noncontrolling interest                 241 256 269
Provision for income taxes                 81 85 104
Net income attributable to Indemnity                 $ 160 $ 169 $ 162
Class A | Indemnity
                     
Net income attributable to Indemnity per share                      
Common stock - basic (in dollars per share) $ 0.63 $ 1.08 $ 0.90 $ 0.76 $ 0.55 $ 0.97 $ 1.05 $ 0.88 $ 3.38 $ 3.45 $ 3.18
Common stock - diluted (in dollars per share) $ 0.56 $ 0.96 $ 0.80 $ 0.67 $ 0.49 $ 0.87 $ 0.94 $ 0.78 $ 2.99 $ 3.08 $ 2.85
Weighted average shares outstanding attributable to Indemnity - Basic                      
Common stock - basic (in shares)                 47,357,836 48,875,316 50,705,607
Weighted average shares outstanding attributable to Indemnity - Diluted                      
Common stock - diluted (in shares)                 53,547,833 55,057,437 56,884,894
Class B | Indemnity
                     
Net income attributable to Indemnity per share                      
Common stock - basic (in dollars per share) $ 94 $ 162.00 $ 135.00 $ 114.00 $ 82 $ 147.00 $ 158.00 $ 126.00 $ 505.00 $ 522.00 $ 463.00
Common stock - diluted (in dollars per share) $ 94 $ 162.00 $ 135.00 $ 114.00 $ 82 $ 147.00 $ 158.00 $ 126.00 $ 505.00 $ 522.00 $ 463.00
Weighted average shares outstanding attributable to Indemnity - Basic                      
Common stock - basic (in shares)                 2,544 2,546 2,546
Weighted average shares outstanding attributable to Indemnity - Diluted                      
Common stock - diluted (in shares)                 2,544 2,546 2,546