2013 Q4 Form 10-K Financial Statement

#000104746915000935 Filed on February 19, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $8.792B $8.465B $8.787B
YoY Change 2.87% 4.15% 6.15%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $122.0M $1.026B $961.0M
YoY Change 0.98% 2.02%
% of Gross Profit
Operating Expenses $7.405B $7.205B $7.574B
YoY Change -6.33% 3.12% -0.03%
Operating Profit
YoY Change
Interest Expense -$87.00M $83.00M $99.00M
YoY Change -5.43% -10.75% 6.45%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.243B $509.0M $614.0M
YoY Change 128.49% -51.43% 1.99%
Income Tax $422.0M $193.0M $180.0M
% Of Pretax Income 33.95% 37.92% 29.32%
Net Earnings $821.0M $316.0M $434.0M
YoY Change 108.38% -56.29% 2.6%
Net Earnings / Revenue 9.34% 3.73% 4.94%
Basic Earnings Per Share $1.79 $0.67 $0.93
Diluted Earnings Per Share $1.76 $0.66 $0.92
COMMON SHARES
Basic Shares Outstanding 454.8M shares 461.1M shares 468.3M shares
Diluted Shares Outstanding 467.1M shares 473.8M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.024B $993.0M $971.0M
YoY Change 3.54% 7.0% 6.82%
Goodwill $1.243B $1.243B $1.239B
YoY Change 0.24% 0.08% -0.24%
Intangibles
YoY Change
Long-Term Investments $81.16B $80.48B $92.32B
YoY Change -16.57% -18.3% -5.14%
Other Assets $15.59B $15.58B
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $123.5B $122.3B $121.5B
YoY Change -2.75% -3.7% -3.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $500.0M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $500.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $6.201B $6.217B $5.475B
YoY Change 2.38% 2.64% -9.62%
Other Long-Term Liabilities $20.36B $20.44B $6.305B
YoY Change 189.81% 200.09% -2.2%
Total Long-Term Liabilities $26.56B $26.65B $11.78B
YoY Change 103.03% 107.14% -5.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $500.0M
Total Long-Term Liabilities $26.56B $26.65B $11.78B
Total Liabilities $102.0B $101.5B $101.6B
YoY Change -4.07% -4.38% -4.19%
SHAREHOLDERS EQUITY
Retained Earnings $35.58B $34.89B $34.69B
YoY Change 5.32% 4.15% 5.51%
Common Stock $3.143B $3.127B $3.105B
YoY Change -0.6% -0.86% -1.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.05B $18.66B $18.23B
YoY Change 8.79% 7.45% 5.52%
Treasury Stock Shares 451.0M shares 444.0M shares 435.0M shares
Shareholders Equity $21.48B $20.78B $19.87B
YoY Change
Total Liabilities & Shareholders Equity $123.5B $122.3B $121.5B
YoY Change -2.7% -3.7% -3.23%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $821.0M $316.0M $434.0M
YoY Change 108.38% -56.29% 2.6%
Depreciation, Depletion And Amortization $122.0M $1.026B $961.0M
YoY Change 0.98% 2.02%
Cash From Operating Activities $1.184B $1.505B $813.0M
YoY Change 171.56% 78.32% -15.93%
INVESTING ACTIVITIES
Capital Expenditures -$91.00M -$73.00M $17.00M
YoY Change -16.51% 21.67% -126.15%
Acquisitions
YoY Change
Other Investing Activities -$562.0M -$346.0M $2.499B
YoY Change -147.11% -268.78% 639.35%
Cash From Investing Activities -$653.0M -$419.0M $2.516B
YoY Change -160.24% -388.97% 821.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -925.0M -651.0M -3.515B
YoY Change -31.78% -29.08% 182.1%
NET CHANGE
Cash From Operating Activities 1.184B 1.505B 813.0M
Cash From Investing Activities -653.0M -419.0M 2.516B
Cash From Financing Activities -925.0M -651.0M -3.515B
Net Change In Cash -394.0M 435.0M -186.0M
YoY Change -340.24% 512.68% 3000.0%
FREE CASH FLOW
Cash From Operating Activities $1.184B $1.505B $813.0M
Capital Expenditures -$91.00M -$73.00M $17.00M
Free Cash Flow $1.275B $1.578B $796.0M
YoY Change 133.94% 74.56% -22.87%

Facts In Submission

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OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
19000000 USD
CY2012 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
50000000 USD
CY2014 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
95000000 USD
CY2012 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
427000000 USD
CY2013 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
150000000 USD
CY2014Q4 all Insurance Reserves Recognized In Accumulated Other Comprehensive Income
InsuranceReservesRecognizedInAccumulatedOtherComprehensiveIncome
-28000000 USD
CY2013 all Other Than Temporary Impairment Credit Losses Recognized In Earnings Reduction Security Impaired To Fair Value
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionSecurityImpairedToFairValue
2000000 USD
CY2012 all Other Than Temporary Impairment Credit Losses Recognized In Earnings Reduction Security Impaired To Fair Value
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionSecurityImpairedToFairValue
7000000 USD
CY2014 all Other Than Temporary Impairment Change In Credit Losses Recognized In Earnings Due To Accretion In Cash Flows And Time Value Of Cash Flows
OtherThanTemporaryImpairmentChangeInCreditLossesRecognizedInEarningsDueToAccretionInCashFlowsAndTimeValueOfCashFlows
3000000 USD
CY2013 all Other Than Temporary Impairment Change In Credit Losses Recognized In Earnings Due To Accretion In Cash Flows And Time Value Of Cash Flows
OtherThanTemporaryImpairmentChangeInCreditLossesRecognizedInEarningsDueToAccretionInCashFlowsAndTimeValueOfCashFlows
1000000 USD
CY2012 all Other Than Temporary Impairment Change In Credit Losses Recognized In Earnings Due To Accretion In Cash Flows And Time Value Of Cash Flows
OtherThanTemporaryImpairmentChangeInCreditLossesRecognizedInEarningsDueToAccretionInCashFlowsAndTimeValueOfCashFlows
1000000 USD
CY2014 all Other Than Temporary Impairment Credit Losses Recognized In Earnings Reduction Business Disposition
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionBusinessDisposition
59000000 USD
CY2014Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
4104000000 USD
CY2014Q4 us-gaap Short Term Investments
ShortTermInvestments
2540000000 USD
CY2014Q4 all Fair Value Of Derivative Instruments With Unrealized Net Capital Gain Loss
FairValueOfDerivativeInstrumentsWithUnrealizedNetCapitalGainLoss
2000000 USD
CY2014Q4 all Available For Sale Fixed Income Securities Unrealized Gain Included In Other Comprehensive Income
AvailableForSaleFixedIncomeSecuritiesUnrealizedGainIncludedInOtherComprehensiveIncome
3082000000 USD
CY2014Q4 all Available For Sale Equity Securities Unrealized Gain Included In Other Comprehensive Income
AvailableForSaleEquitySecuritiesUnrealizedGainIncludedInOtherComprehensiveIncome
467000000 USD
CY2014Q4 all Derivative Instruments Unrealized Gain Included In Other Comprehensive Income
DerivativeInstrumentsUnrealizedGainIncludedInOtherComprehensiveIncome
3000000 USD
CY2014Q4 all Available For Sale Fixed Income Securities Unrealized Loss Included In Other Comprehensive Income
AvailableForSaleFixedIncomeSecuritiesUnrealizedLossIncludedInOtherComprehensiveIncome
314000000 USD
CY2014Q4 all Available For Sale Equity Securities Unrealized Loss Included In Other Comprehensive Income
AvailableForSaleEquitySecuritiesUnrealizedLossIncludedInOtherComprehensiveIncome
55000000 USD
CY2014Q4 all Derivative Instruments Unrealized Loss Included In Other Comprehensive Income
DerivativeInstrumentsUnrealizedLossIncludedInOtherComprehensiveIncome
5000000 USD
CY2014Q4 all Available For Sale Fixed Income Securities Unrealized Gain Loss Included In Other Comprehensive Income
AvailableForSaleFixedIncomeSecuritiesUnrealizedGainLossIncludedInOtherComprehensiveIncome
2768000000 USD
CY2014Q4 all Available For Sale Equity Securities Unrealized Gain Loss Included In Other Comprehensive Income
AvailableForSaleEquitySecuritiesUnrealizedGainLossIncludedInOtherComprehensiveIncome
412000000 USD
CY2014Q4 all Derivative Instruments Unrealized Gain Loss Included In Other Comprehensive Income
DerivativeInstrumentsUnrealizedGainLossIncludedInOtherComprehensiveIncome
-2000000 USD
CY2014Q4 all Equity Method Investments Unrealized Loss Included In Other Comprehensive Income
EquityMethodInvestmentsUnrealizedLossIncludedInOtherComprehensiveIncome
-5000000 USD
CY2014Q4 all Total Unrealized Gains Losses On Investments Before Taxes
TotalUnrealizedGainsLossesOnInvestmentsBeforeTaxes
3173000000 USD
CY2014Q4 all Deferred Policy Acquisition Costs And Deferred Sales Inducement Costs Recognized In Accumulated Other Comprehensive Income
DeferredPolicyAcquisitionCostsAndDeferredSalesInducementCostsRecognizedInAccumulatedOtherComprehensiveIncome
-179000000 USD
CY2014Q4 all Deferred Policy Acquisition Costs And Deferred Sales Inducement Costs And Insurance Reserves Recognized In Accumulated Other Comprehensive Income
DeferredPolicyAcquisitionCostsAndDeferredSalesInducementCostsAndInsuranceReservesRecognizedInAccumulatedOtherComprehensiveIncome
-207000000 USD
CY2014Q4 all Deferred Income Taxes Recognized In Accumulated Other Comprehensive Income
DeferredIncomeTaxesRecognizedInAccumulatedOtherComprehensiveIncome
1040000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1926000000 USD
CY2014Q4 all Fair Value Of Derivative Assets With Unrealized Net Capital Gain Loss
FairValueOfDerivativeAssetsWithUnrealizedNetCapitalGainLoss
3000000 USD
CY2014Q4 all Fair Value Of Derivative Liabilities With Unrealized Net Capital Gain Loss
FairValueOfDerivativeLiabilitiesWithUnrealizedNetCapitalGainLoss
1000000 USD
CY2013Q4 all Fair Value Of Derivative Assets With Unrealized Net Capital Gain Loss
FairValueOfDerivativeAssetsWithUnrealizedNetCapitalGainLoss
1000000 USD
CY2013Q4 all Fair Value Of Derivative Liabilities With Unrealized Net Capital Gain Loss
FairValueOfDerivativeLiabilitiesWithUnrealizedNetCapitalGainLoss
14000000 USD
CY2013Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
5097000000 USD
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
2393000000 USD
CY2013Q4 all Fair Value Of Derivative Instruments With Unrealized Net Capital Gain Loss
FairValueOfDerivativeInstrumentsWithUnrealizedNetCapitalGainLoss
-13000000 USD
CY2013Q4 all Available For Sale Fixed Income Securities Unrealized Gain Included In Other Comprehensive Income
AvailableForSaleFixedIncomeSecuritiesUnrealizedGainIncludedInOtherComprehensiveIncome
2475000000 USD
CY2013Q4 all Available For Sale Equity Securities Unrealized Gain Included In Other Comprehensive Income
AvailableForSaleEquitySecuritiesUnrealizedGainIncludedInOtherComprehensiveIncome
658000000 USD
CY2013Q4 all Derivative Instruments Unrealized Gain Included In Other Comprehensive Income
DerivativeInstrumentsUnrealizedGainIncludedInOtherComprehensiveIncome
1000000 USD
CY2013Q4 all Available For Sale Fixed Income Securities Unrealized Loss Included In Other Comprehensive Income
AvailableForSaleFixedIncomeSecuritiesUnrealizedLossIncludedInOtherComprehensiveIncome
573000000 USD
CY2013Q4 all Available For Sale Equity Securities Unrealized Loss Included In Other Comprehensive Income
AvailableForSaleEquitySecuritiesUnrealizedLossIncludedInOtherComprehensiveIncome
34000000 USD
CY2013Q4 all Derivative Instruments Unrealized Loss Included In Other Comprehensive Income
DerivativeInstrumentsUnrealizedLossIncludedInOtherComprehensiveIncome
19000000 USD
CY2013Q4 all Available For Sale Fixed Income Securities Unrealized Gain Loss Included In Other Comprehensive Income
AvailableForSaleFixedIncomeSecuritiesUnrealizedGainLossIncludedInOtherComprehensiveIncome
1902000000 USD
CY2013Q4 all Available For Sale Equity Securities Unrealized Gain Loss Included In Other Comprehensive Income
AvailableForSaleEquitySecuritiesUnrealizedGainLossIncludedInOtherComprehensiveIncome
624000000 USD
CY2013Q4 all Derivative Instruments Unrealized Gain Loss Included In Other Comprehensive Income
DerivativeInstrumentsUnrealizedGainLossIncludedInOtherComprehensiveIncome
-18000000 USD
CY2013Q4 all Equity Method Investments Unrealized Loss Included In Other Comprehensive Income
EquityMethodInvestmentsUnrealizedLossIncludedInOtherComprehensiveIncome
-3000000 USD
CY2013Q4 all Investments Held For Sale Unrealized Gain Loss Included In Other Comprehensive Income
InvestmentsHeldForSaleUnrealizedGainLossIncludedInOtherComprehensiveIncome
190000000 USD
CY2013Q4 all Total Unrealized Gains Losses On Investments Before Taxes
TotalUnrealizedGainsLossesOnInvestmentsBeforeTaxes
2695000000 USD
CY2013Q4 all Deferred Policy Acquisition Costs And Deferred Sales Inducement Costs Recognized In Accumulated Other Comprehensive Income
DeferredPolicyAcquisitionCostsAndDeferredSalesInducementCostsRecognizedInAccumulatedOtherComprehensiveIncome
-158000000 USD
CY2013Q4 all Deferred Policy Acquisition Costs And Deferred Sales Inducement Costs And Insurance Reserves Recognized In Accumulated Other Comprehensive Income
DeferredPolicyAcquisitionCostsAndDeferredSalesInducementCostsAndInsuranceReservesRecognizedInAccumulatedOtherComprehensiveIncome
-158000000 USD
CY2013Q4 all Deferred Income Taxes Recognized In Accumulated Other Comprehensive Income
DeferredIncomeTaxesRecognizedInAccumulatedOtherComprehensiveIncome
891000000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1646000000 USD
CY2014 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
478000000 USD
CY2013 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
-2852000000 USD
CY2014 all Change In Insurance Reserves Impact On Accumulated Other Comprehensive Income
ChangeInInsuranceReservesImpactOnAccumulatedOtherComprehensiveIncome
-28000000 USD
CY2012 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
2668000000 USD
CY2013 all Change In Insurance Reserves Impact On Accumulated Other Comprehensive Income
ChangeInInsuranceReservesImpactOnAccumulatedOtherComprehensiveIncome
771000000 USD
CY2012 all Change In Insurance Reserves Impact On Accumulated Other Comprehensive Income
ChangeInInsuranceReservesImpactOnAccumulatedOtherComprehensiveIncome
-177000000 USD
CY2014 all Increase Decrease In Amounts Recognized In Insurance Reserves Deferred Acquisition Policy Costs And Deferred Sales Inducement Cost In Accumulated Other Comprehensive Income
IncreaseDecreaseInAmountsRecognizedInInsuranceReservesDeferredAcquisitionPolicyCostsAndDeferredSalesInducementCostInAccumulatedOtherComprehensiveIncome
-49000000 USD
CY2013 all Increase Decrease In Amounts Recognized In Insurance Reserves Deferred Acquisition Policy Costs And Deferred Sales Inducement Cost In Accumulated Other Comprehensive Income
IncreaseDecreaseInAmountsRecognizedInInsuranceReservesDeferredAcquisitionPolicyCostsAndDeferredSalesInducementCostInAccumulatedOtherComprehensiveIncome
1025000000 USD
CY2012 all Increase Decrease In Amounts Recognized In Insurance Reserves Deferred Acquisition Policy Costs And Deferred Sales Inducement Cost In Accumulated Other Comprehensive Income
IncreaseDecreaseInAmountsRecognizedInInsuranceReservesDeferredAcquisitionPolicyCostsAndDeferredSalesInducementCostInAccumulatedOtherComprehensiveIncome
-465000000 USD
CY2014 us-gaap Available For Sale Securities Income Tax Expense On Change In Unrealized Holding Gain Or Loss
AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss
149000000 USD
CY2013 us-gaap Available For Sale Securities Income Tax Expense On Change In Unrealized Holding Gain Or Loss
AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss
-639000000 USD
CY2012 us-gaap Available For Sale Securities Income Tax Expense On Change In Unrealized Holding Gain Or Loss
AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss
769000000 USD
CY2014 all Change In Deferred Acquisition Policy Costs And Deferred Sales Inducement Cost Impact On Accumulated Other Comprehensive Income
ChangeInDeferredAcquisitionPolicyCostsAndDeferredSalesInducementCostImpactOnAccumulatedOtherComprehensiveIncome
-21000000 USD
CY2013 all Change In Deferred Acquisition Policy Costs And Deferred Sales Inducement Cost Impact On Accumulated Other Comprehensive Income
ChangeInDeferredAcquisitionPolicyCostsAndDeferredSalesInducementCostImpactOnAccumulatedOtherComprehensiveIncome
254000000 USD
CY2012 all Change In Deferred Acquisition Policy Costs And Deferred Sales Inducement Cost Impact On Accumulated Other Comprehensive Income
ChangeInDeferredAcquisitionPolicyCostsAndDeferredSalesInducementCostImpactOnAccumulatedOtherComprehensiveIncome
-288000000 USD
CY2014 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
280000000 USD
CY2013 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
-1188000000 USD
CY2012 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
1434000000 USD
CY2014Q4 all Available For Sale Securities Unrealized Losses Having Loss Of Less Than Twenty Percent
AvailableForSaleSecuritiesUnrealizedLossesHavingLossOfLessThanTwentyPercent
284000000 USD
CY2014Q4 all Available For Sale Securities Unrealized Losses Having Loss Of Twenty Percent Or Higher
AvailableForSaleSecuritiesUnrealizedLossesHavingLossOfTwentyPercentOrHigher
85000000 USD
CY2014Q4 all Tax Credit Funds
TaxCreditFunds
560000000 USD
CY2014Q4 all Mortgage Loans Threshold Percentage
MortgageLoansThresholdPercentage
0.05 pure
CY2013Q4 all Mortgage Loans On Real Estate Carrying Value Percentage
MortgageLoansOnRealEstateCarryingValuePercentage
1.000 pure
CY2014Q4 all Mortgage Loans On Real Estate Carrying Value Percentage
MortgageLoansOnRealEstateCarryingValuePercentage
1.000 pure
CY2014Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
4188000000 USD
CY2013Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
4721000000 USD
CY2014Q4 all Municipal Bonds Threshold Percentage
MunicipalBondsThresholdPercentage
0.05 pure
CY2013Q4 us-gaap Securities Loaned Not Subject To Master Netting Arrangement
SecuritiesLoanedNotSubjectToMasterNettingArrangement
590000000 USD
CY2013 all Securities Loaned Interest Income On Collateral Net
SecuritiesLoanedInterestIncomeOnCollateralNet
2000000 USD
CY2012 all Securities Loaned Interest Income On Collateral Net
SecuritiesLoanedInterestIncomeOnCollateralNet
2000000 USD
CY2013Q4 all Debt Securities Below Investment Grade
DebtSecuritiesBelowInvestmentGrade
6440000000 USD
CY2014Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
240000000 USD
CY2014Q4 all Fixed Income Securities Non Income Producing
FixedIncomeSecuritiesNonIncomeProducing
31000000 USD
CY2014Q4 us-gaap Securities Loaned Not Subject To Master Netting Arrangement
SecuritiesLoanedNotSubjectToMasterNettingArrangement
755000000 USD
CY2014 all Securities Loaned Interest Income On Collateral Net
SecuritiesLoanedInterestIncomeOnCollateralNet
2000000 USD
CY2014Q4 all Debt Securities Below Investment Grade
DebtSecuritiesBelowInvestmentGrade
6690000000 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3042000000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
2186000000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
3095000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-20000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-27000000 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1469000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-223000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-44000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
8000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
136000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
491000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
147000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
485000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
253000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
294000000 USD
CY2014 all Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Sale Of Assets Of Disposal Group Including Discontinued Operations
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisSaleOfAssetsOfDisposalGroupIncludingDiscontinuedOperations
347000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
1108000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
703000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
1056000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
220000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
754000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
327000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
188000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
400000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
186000000 USD
CY2013 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
129000000 USD
CY2012 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
195000000 USD
CY2014 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
53000000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
723000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-168000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
117000000 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
8000000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
81000000 USD
CY2014Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
323000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-9000000 USD
CY2014 all Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Sale Of Liabilities Of Disposal Group Including Discontinued Operations
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisSaleOfLiabilitiesOfDisposalGroupIncludingDiscontinuedOperations
230000000 USD
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
9000000 USD
CY2013 all Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Earnings
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInEarnings
-3000000 USD
CY2014 all Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Earnings
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInEarnings
10000000 USD
CY2013 all Fair Value Assets And Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInEarnings
106000000 USD
CY2013Q4 all Free Standing Derivative Assets Fair Value Disclosure
FreeStandingDerivativeAssetsFairValueDisclosure
9000000 USD
CY2012Q4 all Free Standing Derivative Assets Fair Value Disclosure
FreeStandingDerivativeAssetsFairValueDisclosure
3000000 USD
CY2014Q4 all Free Standing Derivative Assets Fair Value Disclosure
FreeStandingDerivativeAssetsFairValueDisclosure
2000000 USD
CY2013Q4 all Free Standing Derivative Liabilities Fair Value Disclosure
FreeStandingDerivativeLiabilitiesFairValueDisclosure
14000000 USD
CY2012Q4 all Free Standing Derivative Liabilities Fair Value Disclosure
FreeStandingDerivativeLiabilitiesFairValueDisclosure
30000000 USD
CY2014Q4 all Free Standing Derivative Liabilities Fair Value Disclosure
FreeStandingDerivativeLiabilitiesFairValueDisclosure
9000000 USD
CY2013Q4 all Fair Value Assets Amount Transfers Between Measurement Levels
FairValueAssetsAmountTransfersBetweenMeasurementLevels
0 USD
CY2014Q4 all Fair Value Assets Amount Transfers Between Measurement Levels
FairValueAssetsAmountTransfersBetweenMeasurementLevels
0 USD
CY2013Q4 all Fair Value Liabilities Amount Transfers Between Measurement Levels
FairValueLiabilitiesAmountTransfersBetweenMeasurementLevels
0 USD
CY2014Q4 all Fair Value Liabilities Amount Transfers Between Measurement Levels
FairValueLiabilitiesAmountTransfersBetweenMeasurementLevels
0 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
553000000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
553000000 USD
CY2012 all Fair Value Assets And Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInEarnings
151000000 USD
CY2014 all Fair Value Assets And Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInEarnings
19000000 USD
CY2014 all Life And Annuity Premiums And Contract Charges Net Of Reinsurance Ceded
LifeAndAnnuityPremiumsAndContractChargesNetOfReinsuranceCeded
2157000000 USD
CY2014 all Other Realized Capital Gains And Losses
OtherRealizedCapitalGainsAndLosses
939000000 USD
CY2014Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
41000000 USD
CY2014 all Potential Recoveries Under Credit Risk Derivatives
PotentialRecoveriesUnderCreditRiskDerivatives
0 USD
CY2014Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
1851000000 USD
CY2014Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
3910000000 USD
CY2014Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
5761000000 USD
CY2013Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
22052 contract
CY2014Q4 us-gaap Derivative Liability Number Of Instruments Held
DerivativeLiabilityNumberOfInstrumentsHeld
4660 contract
CY2014Q4 us-gaap Derivative Asset Number Of Instruments Held
DerivativeAssetNumberOfInstrumentsHeld
5429 contract
CY2014Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
10089 contract
CY2014Q4 us-gaap Derivative Assets
DerivativeAssets
78000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-283000000 USD
CY2014Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
6000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
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TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: arial; MARGIN-BOTTOM: -9pt;"><font style="LINE-HEIGHT: 9pt; FONT-SIZE: 8pt;"><font style="POSITION: relative; FONT-SIZE: 6pt; TOP: -2pt; add_sup: 2pt;">(1)</font></font></dt> <dd style="TEXT-ALIGN: justify; FONT-FAMILY: arial;"><font style="LINE-HEIGHT: 9pt; FONT-SIZE: 8pt;">The Esurance opening balance sheet reserves were reestimated in 2012 resulting in a reduction in reserves due to lower severity. The adjustment was recorded as a reduction in goodwill and an increase in payables to the seller under the terms of the purchase agreement and therefore had no impact on claims expense.</font></dd></dl></div> </div>
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
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EffectiveIncomeTaxRateReconciliationSaleOfSubsidiary
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EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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ProceedsFromStockOptionsExercised
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634000000 USD
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468000000 USD
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58000000 USD
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1580000000 USD
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410000000 USD
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108000000 USD
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429000000 USD
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1197000000 USD
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78000000 USD
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358000000 USD
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209000000 USD
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149000000 USD
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421000000 USD
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27000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
394000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2014 all Unusual Or Infrequent Item Period Unlikely To Recur
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CY2013Q3 us-gaap Earnings Per Share Diluted
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CY2013Q4 us-gaap Earnings Per Share Diluted
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CY2014Q1 us-gaap Earnings Per Share Diluted
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CY2014 us-gaap Revenues
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CY2014 dei Document Fiscal Period Focus
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CY2013 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q4 us-gaap Liabilities
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CY2013Q4 us-gaap Preferred Stock Shares Outstanding
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ReinsuranceAgreementsLimitationsOnInsuranceRiskTransfer
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NumberOfFormerEmployeeAgentsPlaintiffsSeekBenefitsFor
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LiabilityForAsbestosClaimsNet
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LiabilityForAsbestosClaimsNet
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0.57 pure
CY2013Q4 all Percentage Of Asbestos And Environment Reserves Incurred But Not Reported Estimated Losses
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0.55 pure
CY2013Q4 all Number Of Counterparties
NumberOfCounterparties
9
CY2014Q4 all Number Of Counterparties
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CY2013 all Reinsurance Or Coinsurance Income Netted Against Premium Ceded
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CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
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30929000000 USD
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IncomeLossFromOperationsBeforeIncomeTaxExpenseBenefit
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WithdrawalFromContractHoldersFunds
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266000000 USD
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CY2014Q2 dei Entity Public Float
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18000000 USD
CY2014 us-gaap Incurred Claims Property Casualty And Liability
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1765000000 USD
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InterestCreditedToPolicyholdersAccountBalances
919000000 USD
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InterestExpense
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4527000000 USD
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Goodwill
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OtherAssets
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CY2014Q4 us-gaap Separate Account Assets
SeparateAccountAssets
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CY2014Q4 us-gaap Unearned Premiums
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CY2014Q4 all Claim Payments Outstanding
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CY2014Q4 us-gaap Separate Accounts Liability
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CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment Not Credit Loss Net Of Tax Availableforsale Debt Securities
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-72000000 USD
CY2014Q4 all Accumulated Other Comprehensive Income Loss Other Unrealized Net Capital Gains And Losses
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1988000000 USD
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CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
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1363000000 USD
CY2014 us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
541000000 USD
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IncreaseDecreaseInDeferredPolicyAcquisitionCosts
220000000 USD
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IncreaseDecreaseInPremiumsReceivable
257000000 USD
CY2014 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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205000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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247000000 USD
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ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
6755000000 USD
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ProceedsFromSaleOfMortgageLoansHeldForSale
10000000 USD
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ProceedsFromSaleOfOtherInvestments
406000000 USD
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ProceedsFromCollectionOfMortgageLoans
1106000000 USD
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CY2014 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
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PaymentsToPurchaseMortgageLoans
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PaymentsToAcquireOtherInvestments
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PaymentsForProceedsFromShortTermInvestments
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CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
288000000 USD
CY2014 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
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CY2014 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
1184000000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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41000000 USD
CY2013Q4 all Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held For Sale
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60000000 USD
CY2014 all Liabilities For Guarantees On Long Duration Contracts Related To Sale Of Assets Of Disposal Group Including Discontinued Operations
LiabilitiesForGuaranteesOnLongDurationContractsRelatedToSaleOfAssetsOfDisposalGroupIncludingDiscontinuedOperations
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CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
94000000 USD
CY2014Q4 all Percentage Of Partial Payments Increased By Directors
PercentageOfPartialPaymentsIncreasedByDirectors
0.67 pure
CY2014 all Number Of Former Employee Agents
NumberOfFormerEmployeeAgents
32 item
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
254000000 USD

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