Cincinnati Financial (CINF) 10-Q 28 Jul 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Jul. 23, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	0-4604
Entity Registrant Name	CINCINNATI FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0746871
Entity Address, Address Line One	6200 S. Gilmore Road,
Entity Address, City or Town	Fairfield,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45014-5141
City Area Code	513
Local Phone Number	870-2000
Title of 12(b) Security	Common stock
Trading Symbol	CINF
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		161,182,879
Entity Central Index Key	0000020286
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Investments
Fixed maturities, at fair value (amortized cost: 2021—$11,827; 2020—$11,312)	$ 12,789	$ 12,338
Equity securities, at fair value (cost: 2021—$4,000; 2020—$3,927)	9,897	8,856
Other invested assets	375	348
Total investments	23,061	21,542
Cash and cash equivalents	1,003	900
Investment income receivable	138	136
Finance receivable	100	95
Premiums receivable	2,217	1,879
Reinsurance Recoverable	504	517
Prepaid reinsurance premiums	105	65
Deferred policy acquisition costs	924	805
Land, building and equipment, net, for company use (accumulated depreciation: 2021—$293; 2020—$285)	213	213
Other assets	460	438
Separate accounts	952	952
Total assets	29,677	27,542
Insurance reserves
Loss and loss expense reserves	7,019	6,746
Life policy and investment contract reserves	2,980	2,915
Unearned premiums	3,417	2,960
Other liabilities	1,049	982
Deferred income tax	1,495	1,299
Note payable	59	54
Long-term debt and lease obligations	848	845
Separate accounts	952	952
Total liabilities	17,819	16,753
Commitments and contingent liabilities (Note 12)
Shareholders' Equity
Common stock, par value—$2 per share; (authorized: 2021 and 2020—500 million shares; issued: 2021 and 2020—198.3 million shares)	397	397
Paid-in capital	1,334	1,328
Retained earnings	11,205	10,085
Accumulated other comprehensive income	731	769
Treasury stock at cost (2021—37.2 million shares and 2020—37.4 million shares)	(1,809)	(1,790)
Total shareholders' equity	11,858	10,789
Total liabilities and shareholders' equity	$ 29,677	$ 27,542

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Debt Securities, Available-for-sale, Amortized Cost	$ 11,827	$ 11,312
Equity securities, cost	4,000	3,927
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 293	$ 285
Common Stock, Par or Stated Value Per Share	$ 2	$ 2
Common Stock, Shares Authorized	500	500
Common Stock, Shares, Issued	198.3	198.3
Treasury Stock, Shares	37.2	37.4

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues
Earned premiums	$ 1,593	$ 1,482	$ 3,137	$ 2,938
Investment income, net of expenses	175	166	349	331
Investment gains and losses, net	520	1,060	1,024	(665)
Fee revenues	4	3	7	6
Other revenues	3	3	5	5
Total revenues	2,295	2,714	4,522	2,615
Benefits and Expenses
Insurance losses and contract holders' benefits	915	1,086	1,918	2,089
Underwriting, acquisition and insurance expenses	490	464	929	920
Interest expense	13	14	26	27
Other operating expenses	5	5	9	10
Total benefits and expenses	1,423	1,569	2,882	3,046
Income (Loss) Before Income Taxes	872	1,145	1,640	(431)
Provision (Benefit) for Income Taxes
Current	75	23	111	26
Deferred	94	213	206	(140)
Total provision (benefit) for income taxes	169	236	317	(114)
Net Income (Loss)	$ 703	$ 909	$ 1,323	$ (317)
Per Common Share
Net income (loss)—basic	$ 4.36	$ 5.65	$ 8.21	$ (1.96)
Net income (loss)—diluted	$ 4.31	$ 5.63	$ 8.13	$ (1.96)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net Income (Loss)	$ 703	$ 909	$ 1,323	$ (317)
Change in unrealized gains on investments, net of tax (benefit) of $27, $107, $(14) and $39, respectively	105	399	(50)	143
Amortization of pension actuarial loss and prior service cost, net of tax of $0, $0, $1 and $0, respectively	1	1	4	2
Change in life deferred acquisition costs, life policy reserves and other, net of tax (benefit) of $0, $(2), $2 and $1, respectively	0	(7)	8	4
Other comprehensive income (loss)	106	393	(38)	149
Comprehensive Income (Loss)	$ 809	$ 1,302	$ 1,285	$ (168)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, Tax	$ 27	$ 107	$ (14)	$ 39
Other Comprehensive Income Loss, Pension And Other Postretirement Benefit Plans, Net Actuarial Loss And Prior Service Cost Arising During Period, Tax	0	0	1	0
Other Comprehensive Income, Change in Life Deferred Acquisition Costs, Life Policy Reserves and Other, Tax	$ 0	$ (2)	$ 2	$ 1

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common equities	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Previously ReportedRetained Earnings
Increase to allowance through retained earnings for ASU 2016-13, after-tax				$ (2)
Beginning Balance at Dec. 31, 2019		$ 397	$ 1,306	9,255	$ 448	$ (1,544)	$ 9,257
Share-based awards		0	(16)			12
Share-based compensation			16
Other			3			1
Net Income (Loss)	$ (317)			(317)
Dividends declared				(193)
Other comprehensive income (loss)	149				149
Shares acquired - share repurchase authorization						(256)
Shares acquired - share-based compensation plans						(3)
Ending Balance at Jun. 30, 2020	9,258	$ 397	1,309	8,745	597	(1,790)
Beginning Balance (in shares) at Dec. 31, 2019		162.9
Share-based awards (in shares)		0.4
Shares acquired - share repurchase authorization (in shares)		(2.5)
Ending Balance (in shares) at Jun. 30, 2020		160.8
Dividends declared per common share		$ 1.20
Increase to allowance through retained earnings for ASU 2016-13, after-tax				0
Beginning Balance at Mar. 31, 2020		$ 397	1,300	7,932	204	(1,791)	7,932
Share-based awards		0	0			1
Share-based compensation			7
Other			2			0
Net Income (Loss)	909			909
Dividends declared				(96)
Other comprehensive income (loss)	393				393
Shares acquired - share repurchase authorization						0
Shares acquired - share-based compensation plans						0
Ending Balance at Jun. 30, 2020	9,258	$ 397	1,309	8,745	597	(1,790)
Beginning Balance (in shares) at Mar. 31, 2020		160.8
Share-based awards (in shares)		0
Shares acquired - share repurchase authorization (in shares)		0
Ending Balance (in shares) at Jun. 30, 2020		160.8
Dividends declared per common share		$ 0.60
Increase to allowance through retained earnings for ASU 2016-13, after-tax				0
Beginning Balance at Dec. 31, 2020	10,789	$ 397	1,328	10,085	769	(1,790)	10,085
Share-based awards		0	(14)			15
Share-based compensation			17
Other			3			1
Net Income (Loss)	1,323			1,323
Dividends declared				(203)
Other comprehensive income (loss)	(38)				(38)
Shares acquired - share repurchase authorization						(28)
Shares acquired - share-based compensation plans						(7)
Ending Balance at Jun. 30, 2021	11,858	$ 397	1,334	11,205	731	(1,809)
Beginning Balance (in shares) at Dec. 31, 2020		160.9
Share-based awards (in shares)		0.5
Shares acquired - share repurchase authorization (in shares)		(0.3)
Ending Balance (in shares) at Jun. 30, 2021		161.1
Dividends declared per common share		$ 1.26
Increase to allowance through retained earnings for ASU 2016-13, after-tax				0
Beginning Balance at Mar. 31, 2021		$ 397	1,322	10,603	625	(1,809)	$ 10,603
Share-based awards		0	2			3
Share-based compensation			8
Other			2			1
Net Income (Loss)	703			703
Dividends declared				(101)
Other comprehensive income (loss)	106				106
Shares acquired - share repurchase authorization						0
Shares acquired - share-based compensation plans						(4)
Ending Balance at Jun. 30, 2021	$ 11,858	$ 397	$ 1,334	$ 11,205	$ 731	$ (1,809)
Beginning Balance (in shares) at Mar. 31, 2021		161
Share-based awards (in shares)		0.1
Shares acquired - share repurchase authorization (in shares)		0
Ending Balance (in shares) at Jun. 30, 2021		161.1
Dividends declared per common share		$ 0.63

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows From Operating Activities
Net Income (Loss)	$ 1,323	$ (317)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	46	42
Investment gains and losses, net	(1,011)	669
Share-based compensation	17	16
Interest credited to contract holders	23	23
Deferred income tax expense	206	(140)
Changes in:
Investment income receivable	(2)	2
Premiums and reinsurance receivable	(365)	(232)
Deferred policy acquisition costs	(94)	(59)
Other assets	(23)	(25)
Loss and loss expense reserves	273	316
Life policy and investment contract reserves	55	65
Unearned premiums	457	319
Other liabilities	23	(51)
Current income tax receivable/payable	(11)	(14)
Net cash provided by operating activities	917	614
Cash Flows From Investing Activities
Sale of fixed maturities	73	87
Call or maturity of fixed maturities	690	563
Sale of equity securities	110	222
Purchase of fixed maturities	(1,228)	(757)
Purchase of equity securities	(152)	(371)
Investment in finance receivables	(22)	(23)
Collection of finance receivables	18	15
Investment in building and equipment	(9)	(10)
Change in other invested assets, net	(6)	32
Net cash used in investing activities	(526)	(242)
Cash Flows From Financing Activities
Payment of cash dividends to shareholders	(195)	(185)
Shares acquired - share repurchase authorization	(28)	(256)
Changes in note payable	5	83
Proceeds from stock options exercised	8	4
Contract holders' funds deposited	47	44
Contract holders' funds withdrawn	(75)	(83)
Other	(50)	(40)
Net cash used in financing activities	(288)	(433)
Net change in cash and cash equivalents	103	(61)
Cash and cash equivalents at beginning of year	900	767
Cash and cash equivalents at end of year	1,003	706
Supplemental Disclosures of Cash Flow Information:
Interest Paid	26	27
Income taxes paid	113	31
Noncash Activities
Equipment acquired under finance lease obligations	8	9
Share-based compensation	21	3
Other assets and other liabilities	$ 83	$ 48

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies The condensed consolidated financial statements include the accounts of Cincinnati Financial Corporation and its consolidated subsidiaries, each of which is wholly owned. These statements are presented in conformity with accounting principles generally accepted in the United States of America (GAAP). All intercompany balances and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Our actual results could differ from those estimates. Certain financial information that is normally included in annual financial statements prepared in accordance with GAAP, but that is not required for interim reporting purposes, has been condensed or omitted. Our June 30, 2021, condensed consolidated financial statements are unaudited. We believe that we have made all adjustments, consisting only of normal recurring accruals, that are necessary for fair presentation. These condensed consolidated financial statements should be read in conjunction with our consolidated financial statements included in our 2020 Annual Report on Form 10-K. The results of operations for interim periods do not necessarily indicate results to be expected for the full year. Beginning in mid-March 2020, the coronavirus (SARS-CoV-2 or COVID-19) pandemic outbreak, and unprecedented actions taken to contain the virus, caused an economic downturn on a global scale as well as market disruption and volatility. The company continues to monitor the impact of the pandemic as it unfolds. The company cannot predict the impact the pandemic will have on its future consolidated financial position, results of operations and cash flows, however the impact could be material. Pending Accounting Updates ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. ASU 2018-12 is intended to improve the timeliness of recognizing changes in the liability for future policy benefits and modify the rate used to discount future cash flows. The ASU will simplify and improve the accounting for certain market-based options or guarantees associated with deposit or account balance contracts and simplify amortization of deferred acquisition costs while improving and expanding required disclosures. In November 2020, the FASB issued an ASU that delayed the effective date of ASU 2018-12 to interim and annual reporting periods beginning after December 15, 2022. These ASU's have not yet been adopted. Management is currently evaluating the impact on our company's consolidated financial position, results of operations and cash flows.

Investments

Investments	6 Months Ended
	Jun. 30, 2021
Investments [Abstract]
Investments	Investments The following table provides amortized cost, gross unrealized gains, gross unrealized losses and fair value for our fixed-maturity securities: (Dollars in millions) Amortized Gross unrealized Fair value At June 30, 2021 gains losses Fixed maturity securities: Corporate $ 6,775 $ 581 $ 2 $ 7,354 States, municipalities and political subdivisions 4,632 367 2 4,997 Commercial mortgage-backed 268 14 — 282 United States government 122 4 — 126 Foreign government 23 — — 23 Government-sponsored enterprises 7 — — 7 Total $ 11,827 $ 966 $ 4 $ 12,789 At December 31, 2020 Fixed maturity securities: Corporate $ 6,281 $ 621 $ 7 $ 6,895 States, municipalities and political subdivisions 4,604 395 2 4,997 Commercial mortgage-backed 271 15 1 285 United States government 115 5 — 120 Foreign government 29 — — 29 Government-sponsored enterprises 12 — — 12 Total $ 11,312 $ 1,036 $ 10 $ 12,338 The net unrealized investment gains in our fixed-maturity portfolio at June 30, 2021, are primarily the result of the continued low interest rate environment that increased the fair value of our fixed-maturity portfolio . Our commercial mortgage-backed securities had an average rating of Aa1/AA at June 30, 2021 and December 31, 2020. The table below provides fair values and gross unrealized losses by investment category and by the duration of the securities' continuous unrealized loss positions: (Dollars in millions) Less than 12 months 12 months or more Total At June 30, 2021 Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturity securities: Corporate $ 207 $ 1 $ 27 $ 1 $ 234 $ 2 States, municipalities and political subdivisions 46 1 7 1 53 2 Commercial mortgage-backed 4 — 9 — 13 — United States government 9 — — — 9 — Foreign government 5 — — — 5 — Government-sponsored enterprises 5 — — — 5 — Total $ 276 $ 2 $ 43 $ 2 $ 319 $ 4 At December 31, 2020 Fixed maturity securities: Corporate $ 330 $ 5 $ 46 $ 2 $ 376 $ 7 States, municipalities and political subdivisions 31 2 2 — 33 2 Commercial mortgage-backed 23 1 6 — 29 1 United States government 12 — — — 12 — Foreign government 10 — — — 10 — Total $ 406 $ 8 $ 54 $ 2 $ 460 $ 10 Contractual maturity dates for fixed-maturities securities were: (Dollars in millions) Amortized Fair % of fair At June 30, 2021 Maturity dates: Due in one year or less $ 516 $ 524 4.1 % Due after one year through five years 3,669 3,924 30.7 Due after five years through ten years 3,574 3,904 30.5 Due after ten years 4,068 4,437 34.7 Total $ 11,827 $ 12,789 100.0 % Actual maturities may differ from contractual maturities when there is a right to call or prepay obligations with or without call or prepayment penalties. The following table provides investment income and investment gains and losses, net: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Investment income: Interest $ 117 $ 114 $ 235 $ 226 Dividends 60 53 118 106 Other 1 2 3 5 Total 178 169 356 337 Less investment expenses 3 3 7 6 Total $ 175 $ 166 $ 349 $ 331 Investment gains and losses, net: Equity securities: Investment gains and losses on securities sold, net $ — $ 24 $ 6 $ 17 Unrealized gains and losses on securities still held, net 489 1,044 974 (602) Subtotal 489 1,068 980 (585) Fixed maturities: Gross realized gains 11 3 14 5 Gross realized losses (2) (3) (2) (3) Write-down of impaired securities — — — (77) Subtotal 9 — 12 (75) Other 22 (8) 32 (5) Total $ 520 $ 1,060 $ 1,024 $ (665) The fair value of our equity portfolio was $9.897 billion and $8.856 billion at June 30, 2021 and December 31, 2020, respectively. At June 30, 2021 and December 31, 2020, Apple Inc. (Nasdaq:AAPL) , an equity holding, was our largest single investment holding with a fair value of $665 million and $644 million, which was 7.0% and 7.5% of our publicly traded common equities portfolio and 2.9% and 3.0% of the total investment portfolio, respectively. At June 30, 2021 and December 31, 2020, there were no fixed-maturity securities with an allowance for credit losses. During the three and six months ended June 30, 2021, there were no fixed-maturity securities that were written down to fair value due to an intention to be sold. During the three months ended June 30, 2020, there were no fixed-maturity securities that were written down to fair value due to an intention to be sold and during the six months ended June 30, 2020, there were 12 fixed-maturity securities from the energy, real estate, consumer goods and technology & electronics sectors that were written down to fair value due to an intention to be sold.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with accounting guidance for fair value measurements and disclosures, we categorized our financial instruments, based on the priority of the observable and market-based data for the valuation technique used, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices with readily available independent data in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable market inputs (Level 3). When various inputs for measurement fall within different levels of the fair value hierarchy, the lowest observable input that has a significant impact on fair value measurement is used. Our valuation techniques have not changed from those used at December 31, 2020, and ultimately management determines fair value. See our 2020 Annual Report on Form 10-K, Item 8, Note 3, Fair Value Measurements, Page 143, for information on characteristics and valuation techniques used in determining fair value. Fair Value Disclosures for Assets The following tables illustrate the fair value hierarchy for those assets measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020. We do not have any liabilities carried at fair value. (Dollars in millions) Quoted prices in Significant other Significant Total At June 30, 2021 Fixed maturities, available for sale: Corporate $ — $ 7,354 $ — $ 7,354 States, municipalities and political subdivisions — 4,997 — 4,997 Commercial mortgage-backed — 282 — 282 United States government 126 — — 126 Foreign government — 23 — 23 Government-sponsored enterprises — 7 — 7 Subtotal 126 12,663 — 12,789 Common equities 9,522 — — 9,522 Nonredeemable preferred equities — 375 — 375 Separate accounts taxable fixed maturities — 912 — 912 Top Hat savings plan mutual funds and common 63 — — 63 Total $ 9,711 $ 13,950 $ — $ 23,661 At December 31, 2020 Fixed maturities, available for sale: Corporate $ — $ 6,895 $ — $ 6,895 States, municipalities and political subdivisions — 4,997 — 4,997 Commercial mortgage-backed — 285 — 285 United States government 120 — — 120 Foreign government — 29 — 29 Government-sponsored enterprises — 12 — 12 Subtotal 120 12,218 — 12,338 Common equities 8,541 — — 8,541 Nonredeemable preferred equities — 315 — 315 Separate accounts taxable fixed maturities — 903 — 903 Top Hat savings plan mutual funds and common 51 — — 51 Total $ 8,712 $ 13,436 $ — $ 22,148 We also held Level 1 cash and cash equivalents of $1.003 billion and $900 million at June 30, 2021 and December 31, 2020, respectively. Fair Value Disclosures for Assets and Liabilities Not Carried at Fair Value The disclosures below are presented to provide information about the effects of current market conditions on financial instruments that are not reported at fair value in our condensed consolidated financial statements. This table summarizes the book value and principal amounts of our long-term debt: (Dollars in millions) Book value Principal amount Interest Year of June 30, December 31, June 30, December 31, 2021 2020 2021 2020 6.900 % 1998 Senior debentures, due 2028 $ 27 $ 27 $ 28 $ 28 6.920 % 2005 Senior debentures, due 2028 391 391 391 391 6.125 % 2004 Senior notes, due 2034 371 370 374 374 Total $ 789 $ 788 $ 793 $ 793 The following table shows fair values of our note payable and long-term debt: (Dollars in millions) Quoted prices in Significant other observable inputs (Level 2) Significant Total At June 30, 2021 Note payable $ — $ 59 $ — $ 59 6.900% senior debentures, due 2028 — 35 — 35 6.920% senior debentures, due 2028 — 512 — 512 6.125% senior notes, due 2034 — 511 — 511 Total $ — $ 1,117 $ — $ 1,117 At December 31, 2020 Note payable $ — $ 54 $ — $ 54 6.900% senior debentures, due 2028 — 35 — 35 6.920% senior debentures, due 2028 — 515 — 515 6.125% senior notes, due 2034 — 522 — 522 Total $ — $ 1,126 $ — $ 1,126 The following table shows the fair value of our life policy loans included in other invested assets and the fair values of our deferred annuities and structured settlements included in life policy and investment contract reserves: (Dollars in millions) Quoted prices in Significant other Significant Total At June 30, 2021 Life policy loans $ — $ — $ 44 $ 44 Deferred annuities — — 811 811 Structured settlements — 212 — 212 Total $ — $ 212 $ 811 $ 1,023 At December 31, 2020 Life policy loans $ — $ — $ 49 $ 49 Deferred annuities — — 836 836 Structured settlements — 227 — 227 Total $ — $ 227 $ 836 $ 1,063 Outstanding principal and interest for these life policy loans totaled $31 million and $33 million at June 30, 2021 and December 31, 2020, respectively. Recorded reserves for the deferred annuities were $769 million and $761 million at June 30, 2021 and December 31, 2020, respectively. Recorded reserves for the structured settlements were $141 million and $145 million at June 30, 2021 and December 31, 2020, respectively.

Property Casualty Loss and Loss

Property Casualty Loss and Loss Expenses	6 Months Ended
	Jun. 30, 2021
Premiums Written, Net [Abstract]
Property Casualty Loss And Loss Expenses	Property Casualty Loss and Loss Expenses This table summarizes activity for our consolidated property casualty loss and loss expense reserves: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Gross loss and loss expense reserves, beginning of period $ 6,880 $ 6,153 $ 6,677 $ 6,088 Less reinsurance recoverable 262 294 277 342 Net loss and loss expense reserves, beginning of period 6,618 5,859 6,400 5,746 Net incurred loss and loss expenses related to: Current accident year 949 1,054 1,982 2,017 Prior accident years (119) (47) (229) (80) Total incurred 830 1,007 1,753 1,937 Net paid loss and loss expenses related to: Current accident year 334 369 477 555 Prior accident years 433 382 995 1,013 Total paid 767 751 1,472 1,568 Net loss and loss expense reserves, end of period 6,681 6,115 6,681 6,115 Plus reinsurance recoverable 274 294 274 294 Gross loss and loss expense reserves, end of period $ 6,955 $ 6,409 $ 6,955 $ 6,409 We use actuarial methods, models and judgment to estimate, as of a financial statement date, the property casualty loss and loss expense reserves required to pay for and settle all outstanding insured claims, including incurred but not reported (IBNR) claims, as of that date. The actuarial estimate is subject to review and adjustment by an inter-departmental committee that includes actuarial, claims, underwriting, loss prevention and accounting management. This committee is familiar with relevant company and industry business, claims and underwriting trends, as well as general economic and legal trends that could affect future loss and loss expense payments. The amount we will actually have to pay for claims can be highly uncertain. This uncertainty, together with the size of our reserves, makes the loss and loss expense reserves our most significant estimate. The reserve for loss and loss expenses in the condensed consolidated balance sheets also included $64 million at June 30, 2021 and For the three months ended June 30, 2021, we experienced $119 million of favorable development on prior accident years, including $86 million of favorable development in commercial lines, $12 million of favorable development in personal lines and $1 million of favorable development in excess and surplus lines. Within commercial lines, we recognized favorable reserve development of $27 million for the workers' compensation line and $26 million for the commercial casualty line due to reduced uncertainty of prior accident year loss and loss adjustment expense for these lines. Within personal lines, we recognized favorable reserve development of $9 million in personal auto. For the six months ended June 30, 2021, we experienced $229 million of favorable development on prior accident years, including $169 million of favorable development in commercial lines, $32 million of favorable development in personal lines and $3 million of unfavorable development in excess and surplus lines. Within commercial lines, we recognized favorable reserve development of $52 million for the workers' compensation line, $37 million for the commercial auto line, $34 million for the commercial property line and $32 million for the commercial casualty line due to reduced uncertainty of prior accident year loss and loss adjustment expense for these lines. Within personal lines, we recognized favorable reserve development of $24 million in personal auto.

Life Policy and Investment Cont

Life Policy and Investment Contract Reserves	6 Months Ended
	Jun. 30, 2021
Liability for Future Policy Benefit, before Reinsurance [Abstract]
Life Policy And Investment Contract Reserves	Life Policy and Investment Contract Reserves We establish the reserves for traditional life insurance policies based on expected expenses, mortality, morbidity, withdrawal rates, timing of claim presentation and investment yields, including a provision for uncertainty. Once these assumptions are established, they generally are maintained throughout the lives of the contracts. We use both our own experience and industry experience, adjusted for historical trends, in arriving at our assumptions for expected mortality, morbidity and withdrawal rates as well as for expected expenses. We base our assumptions for expected investment income on our own experience adjusted for current and future economic conditions. We establish reserves for the company's deferred annuity, universal life and structured settlement policies equal to the cumulative account balances, which include premium deposits plus credited interest less charges and withdrawals. Some of our universal life policies contain no-lapse guarantee provisions. For these policies, we establish a reserve in addition to the account balance, based on expected no-lapse guarantee benefits and expected policy assessments. This table summarizes our life policy and investment contract reserves: (Dollars in millions) June 30, December 31, Life policy reserves: Ordinary/traditional life $ 1,338 $ 1,301 Other 53 52 Subtotal 1,391 1,353 Investment contract reserves: Deferred annuities 769 761 Universal life 670 647 Structured settlements 141 145 Other 9 9 Subtotal 1,589 1,562 Total life policy and investment contract reserves $ 2,980 $ 2,915

Deferred Acquisition Costs

Deferred Acquisition Costs	6 Months Ended
	Jun. 30, 2021
Deferred Costs [Abstract]
Deferred Acquisition Costs	Deferred Policy Acquisition Costs Expenses directly related to successfully acquired insurance policies – primarily commissions, premium taxes and underwriting costs – are deferred and amortized over the terms of the policies. We update our acquisition cost assumptions periodically to reflect actual experience, and we evaluate the costs for recoverability. The table below shows the deferred policy acquisition costs and asset reconciliation. (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Property casualty: Deferred policy acquisition costs asset, beginning of period $ 586 $ 536 $ 542 $ 512 Capitalized deferred policy acquisition costs 325 292 637 572 Amortized deferred policy acquisition costs (281) (261) (549) (517) Deferred policy acquisition costs asset, end of period $ 630 $ 567 $ 630 $ 567 Life: Deferred policy acquisition costs asset, beginning of period $ 294 $ 291 $ 263 $ 262 Capitalized deferred policy acquisition costs 15 14 29 29 Amortized deferred policy acquisition costs (14) (15) (23) (24) Shadow deferred policy acquisition costs (1) (23) 25 — Deferred policy acquisition costs asset, end of period $ 294 $ 267 $ 294 $ 267 Consolidated: Deferred policy acquisition costs asset, beginning of period $ 880 $ 827 $ 805 $ 774 Capitalized deferred policy acquisition costs 340 306 666 601 Amortized deferred policy acquisition costs (295) (276) (572) (541) Shadow deferred policy acquisition costs (1) (23) 25 — Deferred policy acquisition costs asset, end of period $ 924 $ 834 $ 924 $ 834 No premium deficiencies were recorded in the condensed consolidated statements of income, as the sum of the anticipated loss and loss expenses, policyholder dividends and unamortized deferred acquisition expenses did not exceed the related unearned premiums and anticipated investment income.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2021
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income Accumulated other comprehensive income (AOCI) includes changes in unrealized gains and losses on investments, changes in pension obligations and changes in life deferred acquisition costs, life policy reserves and other as follows: (Dollars in millions) Three months ended June 30, 2021 2020 Before tax Income tax Net Before tax Income tax Net Investments: AOCI, beginning of period $ 830 $ 174 $ 656 $ 266 $ 55 $ 211 OCI before investment gains and losses, net, recognized in net income 141 28 113 506 107 399 Investment gains and losses, net, recognized in net income (9) (1) (8) — — — OCI 132 27 105 506 107 399 AOCI, end of period $ 962 $ 201 $ 761 $ 772 $ 162 $ 610 Pension obligations: AOCI, beginning of period $ (37) $ (6) $ (31) $ (8) $ — $ (8) OCI excluding amortization recognized in net income — — — — — — Amortization recognized in net income 1 — 1 1 — 1 OCI 1 — 1 1 — 1 AOCI, end of period $ (36) $ (6) $ (30) $ (7) $ — $ (7) Life deferred acquisition costs, life policy reserves and other: AOCI, beginning of period $ — $ — $ — $ 1 $ — $ 1 OCI before investment gains and losses, net, recognized in net income — — — (9) (2) (7) Investment gains and losses, net, recognized in net income — — — — — — OCI — — — (9) (2) (7) AOCI, end of period $ — $ — $ — $ (8) $ (2) $ (6) Summary of AOCI: AOCI, beginning of period $ 793 $ 168 $ 625 $ 259 $ 55 $ 204 Investments OCI 132 27 105 506 107 399 Pension obligations OCI 1 — 1 1 — 1 Life deferred acquisition costs, life policy reserves and other OCI — — — (9) (2) (7) Total OCI 133 27 106 498 105 393 AOCI, end of period $ 926 $ 195 $ 731 $ 757 $ 160 $ 597 (Dollars in millions) Six months ended June 30, 2021 2020 Before tax Income tax Net Before tax Income tax Net Investments: AOCI, beginning of period $ 1,026 $ 215 $ 811 $ 590 $ 123 $ 467 OCI before investment gains and losses, net, recognized in net income (52) (11) (41) 107 23 84 Investment gains and losses, net, recognized in net income (12) (3) (9) 75 16 59 OCI (64) (14) (50) 182 39 143 AOCI, end of period $ 962 $ 201 $ 761 $ 772 $ 162 $ 610 Pension obligations: AOCI, beginning of period $ (41) $ (7) $ (34) $ (9) $ — $ (9) OCI excluding amortization recognized in net income 2 — 2 — — — Amortization recognized in net income 3 1 2 2 — 2 OCI 5 1 4 2 — 2 AOCI, end of period $ (36) $ (6) $ (30) $ (7) $ — $ (7) Life deferred acquisition costs, life policy reserves and other: AOCI, beginning of period $ (10) $ (2) $ (8) $ (13) $ (3) $ (10) OCI before investment gains and losses, net, recognized in net income 10 2 8 5 1 4 Investment gains and losses, net, recognized in net income — — — — — — OCI 10 2 8 5 1 4 AOCI, end of period $ — $ — $ — $ (8) $ (2) $ (6) Summary of AOCI: AOCI, beginning of period $ 975 $ 206 $ 769 $ 568 $ 120 $ 448 Investments OCI (64) (14) (50) 182 39 143 Pension obligations OCI 5 1 4 2 — 2 Life deferred acquisition costs, life policy reserves and other OCI 10 2 8 5 1 4 Total OCI (49) (11) (38) 189 40 149 AOCI, end of period $ 926 $ 195 $ 731 $ 757 $ 160 $ 597 Investment gains and losses, net, and life deferred acquisition costs, life policy reserves and other investment gains and losses, net,

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2021
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance Primary components of our property casualty reinsurance assumed operations include involuntary and voluntary assumed risks as well as contracts from Cincinnati Re ® , our reinsurance assumed operations. Primary components of our ceded reinsurance include a property per risk treaty, property excess treaty, casualty per occurrence treaty, casualty excess treaty, property catastrophe treaty and retrocessions on our reinsurance assumed operations. Management's decisions about the appropriate level of risk retention are affected by various factors, including changes in our underwriting practices, capacity to retain risks and reinsurance market conditions. The table below summarizes our consolidated property casualty insurance net written premiums, earned premiums and incurred loss and loss expenses: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Direct written premiums $ 1,649 $ 1,539 $ 3,194 $ 2,997 Assumed written premiums 161 101 366 212 Ceded written premiums (96) (81) (153) (132) Net written premiums $ 1,714 $ 1,559 $ 3,407 $ 3,077 Direct earned premiums $ 1,465 $ 1,388 $ 2,894 $ 2,759 Assumed earned premiums 109 63 210 129 Ceded earned premiums (60) (48) (115) (96) Earned premiums $ 1,514 $ 1,403 $ 2,989 $ 2,792 Direct incurred loss and loss expenses $ 781 $ 976 $ 1,649 $ 1,876 Assumed incurred loss and loss expenses 54 45 132 79 Ceded incurred loss and loss expenses (5) (14) (28) (18) Incurred loss and loss expenses $ 830 $ 1,007 $ 1,753 $ 1,937 Our life insurance company purchases reinsurance for protection of a portion of the risks that are written. Primary components of our life reinsurance program include individual mortality coverage, aggregate catastrophe and accidental death coverage in excess of certain deductibles. The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Direct earned premiums $ 98 $ 98 $ 185 $ 183 Ceded earned premiums (19) (19) (37) (37) Earned premiums $ 79 $ 79 $ 148 $ 146 Direct contract holders' benefits incurred 100 100 207 185 Ceded contract holders' benefits incurred (15) (21) (42) (33) Contract holders' benefits incurred $ 85 $ 79 $ 165 $ 152 The ceded benefits incurred can vary depending on the type of life insurance policy held and the year the policy was issued. At June 30, 2021 and December 31, 2020, the allowance for uncollectible property casualty premiums was

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The differences between the 21% statutory federal income tax rate and our effective income tax rate were as follows: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Tax at statutory rate: $ 183 21.0 % $ 240 21.0 % $ 344 21.0 % $ (91) 21.0 % Increase (decrease) resulting from: Tax-exempt income from municipal bonds (5) (0.6) (5) (0.4) (10) (0.6) (10) 2.3 Dividend received exclusion (4) (0.5) (4) (0.3) (9) (0.5) (8) 1.9 Other (5) (0.5) 5 0.3 (8) (0.6) (5) 1.3 Provision (benefit) for income taxes $ 169 19.4 % $ 236 20.6 % $ 317 19.3 % $ (114) 26.5 % The provision for federal income taxes is based upon filing a consolidated income tax return for the company and its domestic subsidiaries. We continue to believe that after considering all positive and negative evidence of taxable income in the carryback and carryforward periods as permitted by law, it is more likely than not that all of the deferred tax assets on our U.S. domestic operations will be realized. As a result, we have no valuation allowance for our U.S. domestic operations at June 30, 2021 and December 31, 2020. As more fully discussed below, we do carry a valuation allowance on the deferred tax assets related to Cincinnati Global. Unrecognized Tax Benefits At June 30, 2021 and December 31, 2020, we had a gross unrecognized tax benefit of $34 million. There were no changes to this amount during the first half of 2021. It is reasonably possible that within the next 12 months, our unrecognized tax benefit could change when the IRS completes its examination of the tax year ended December 31, 2018. Cincinnati Global As a result of operations for the three and six months ended June 30, 2021, Cincinnati Global decreased their net deferred assets $3 million and $4 million with an offsetting decrease of $3 million and $4 million to their valuation allowance. At June 30, 2021, Cincinnati Global had a net deferred tax asset of $52 million and an offsetting valuation allowance of $52 million. Deferred tax assets are reduced by a valuation allowance when management believes it is more likely than not that some, or all, of the deferred tax assets will not be realized. After considering all positive and negative evidence related to the Cincinnati Global operations, we continue to believe it is appropriate to carry a valuation allowance at June 30, 2021.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Net Income Per Common Share	Net Income (Loss) Per Common Share Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are computed based on the weighted average number of common and dilutive potential common shares outstanding using the treasury stock method. The table shows calculations for basic and diluted earnings per share: (In millions, except per share data) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Numerator: Net income (loss)—basic and diluted $ 703 $ 909 $ 1,323 $ (317) Denominator: Basic weighted-average common shares outstanding 161.1 160.8 161.1 161.5 Effect of share-based awards: Stock options 1.2 0.3 1.0 — Nonvested shares 0.6 0.4 0.6 — Diluted weighted-average shares 162.9 161.5 162.7 161.5 Earnings (loss) per share: Basic $ 4.36 $ 5.65 $ 8.21 $ (1.96) Diluted $ 4.31 $ 5.63 $ 8.13 $ (1.96) Number of anti-dilutive share-based awards 0.4 2.7 1.0 2.6 The sources of dilution of our common shares are certain equity-based awards. See our 2020 Annual Report on Form 10-K, Item 8, Note 17, Share-Based Associate Compensation Plans, Page 176, for information about share-based awards. The above table shows the number of anti-dilutive share-based awards for the three and six months ended June 30, 2021 and 2020. These share-based awards were not included in the computation of net income per common share (diluted) because their exercise would have anti-dilutive effects. In accordance with Accounting Standards Codification 260, Earnings per Share , the assumed exercise of share-based awards for the six months ended June 30, 2020, were excluded from the computation of diluted loss per share.

Employee Retirement Benefits

Employee Retirement Benefits	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Employee Retirement Benefits	Employee Retirement Benefits The following summarizes the components of net periodic benefit cost for our qualified and supplemental pension plans: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Service cost $ 3 $ 3 $ 5 $ 5 Non-service costs (benefit): Interest cost 3 3 5 6 Expected return on plan assets (6) (6) (11) (11) Amortization of actuarial loss and prior service cost 1 1 3 2 Other — — 2 — Total non-service benefit (2) (2) (1) (3) Net periodic benefit cost $ 1 $ 1 $ 4 $ 2 See our 2020 Annual Report on Form 10-K, Item 8, Note 13, Employee Retirement Benefits, Page 169, for information on our retirement benefits. Service costs and non-service costs (benefit) are allocated in the same proportion primarily to the underwriting, acquisition and insurance expenses line item with the remainder allocated to the insurance losses and contract holders' benefits line item on the condensed consolidated statements of income for both 2021 and 2020. We m ade no con

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities In the ordinary course of conducting business, the company and its subsidiaries are named as defendants in various legal proceedings. Most of these proceedings are claims litigation involving the company’s insurance subsidiaries in which the company is either defending or providing indemnity for third-party claims brought against insureds or litigating first-party coverage claims. The company accounts for such activity through the establishment of unpaid loss and loss expense reserves. We believe that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, is immaterial to our consolidated financial position, results of operations and cash flows. Beginning in April 2020, like many companies in the property casualty insurance industry, the company’s property casualty subsidiaries, were named as defendants in lawsuits seeking insurance coverage under commercial property insurance policies issued by the company for alleged economic losses resulting from the shutdown or suspension of their businesses due to the COVID-19 pandemic. Although the allegations vary, the plaintiffs generally seek a declaration of insurance coverage, damages for breach of contract in unspecified amounts for claim denials, interest and attorney fees. Some of the lawsuits also allege that the insurance claims were denied in bad faith or otherwise in violation of state laws and seek extra-contractual or punitive damages. The company denies the allegations in these lawsuits and intends to continue to vigorously defend them. Although the policy terms vary in general, the claims at issue in these lawsuits were denied because the policyholder identified no direct physical loss or damage to property at the insured premises, and the governmental orders that led to the complete or partial shutdown of the business were not due to the existence of any direct physical loss or damage to property in the immediate vicinity of the insured premises and did not prohibit access to the insured premises, as required by the terms of the insurance policies. Depending on the individual policy, additional policy terms and conditions may also prohibit coverage, such as exclusions for pollutants, ordinance or law, loss of use, and acts or decisions. The company’s standard commercial property insurance policies generally did not contain a specific virus exclusion. In addition to the inherent difficulty in predicting litigation outcomes, the COVID-19 pandemic business income coverage lawsuits present a number of uncertainties and contingencies that are not yet known, including how many policyholders will ultimately file claims, the number of lawsuits that will be filed, the extent to which any class may be certified, and the size and scope of any such classes. The legal theories advanced by plaintiffs vary by case as do the state laws that govern policy interpretation. These lawsuits are at various stages of litigation; many complaints continue to be amended; several have been dismissed voluntarily and may be refiled; and others have been dismissed in favor of the company by trial courts. Some early decisions on motion filings have been appealed. While these appeals are at various stages of the briefing and argument process, several of the cases are now fully briefed and scheduled for oral argument. The first appellate case in the nation to consider these issues was recently decided by the Federal Court of Appeals for the Eighth Circuit in favor of the company. The vast majority of cases in Ohio remain stayed pending a decision by the Ohio Supreme Court on a question certified to it by the federal district court in the Northern District of Ohio in the case of Neuro-Communication Services, Inc. v. The Cincinnati Insurance Company, et al., Case No. 4:20-cv-1275 (N.D. Ohio filed June 10, 2020). The Ohio Supreme Court has agreed to answer the following question: “Does the general presence in the community, or on surfaces at a premises, of the novel coronavirus known as SARS-CoV-2, constitute direct physical loss or damage to property; or does the presence of a person infected with COVID-19 constitute direct physical loss or damage to property at that premises?" Accordingly, little discovery has occurred on pending cases and most cases have not yet produced any substantive legal rulings. In addition, business income calculations depend upon a wide range of factors that are particular to the circumstances of each individual policyholder and, here, virtually none of the plaintiffs have submitted proofs of loss or otherwise quantified or factually supported any allegedly covered loss. Moreover, the company’s experience shows that demands stated in lawsuits often bear little relation to a reasonable estimate of potential loss. Accordingly, management cannot now reasonably estimate the possible loss or range of loss, if any. Nonetheless, given the number of claims and potential claims, the indeterminate amounts sought, and the inherent unpredictability of litigation, it is possible that adverse outcomes, if any, in the aggregate could have a material adverse effect on the company’s consolidated financial position, results of operations and cash flows. The company and its subsidiaries also are occasionally involved in other legal and regulatory proceedings, some of which assert claims for substantial amounts. These actions include, among others, putative class actions seeking certification of a national class. The company’s insurance subsidiaries also are occasionally parties to individual actions in which extra-contractual damages, punitive damages or penalties are sought, such as claims alleging bad faith handling of insurance claims or writing unauthorized coverage or claims alleging discrimination by former or current associates. On a quarterly basis, we review these outstanding matters. Under current accounting guidance, we establish accruals when it is probable that a loss has been incurred and we can reasonably estimate its potential exposure. The company accounts for such probable and estimable losses, if any, through the establishment of legal expense reserves. Based on our quarterly review, we believe that our accruals for probable and estimable losses are reasonable and that the amounts accrued do not have a material effect on our consolidated financial position, results of operations and cash flows. However, if any one or more of these matters results in a judgment against us or settlement for an amount that is significantly greater than the amount accrued, the resulting liability could have a material effect on the company’s consolidated financial position, results of operations and cash flows. Based on our most recent review, our estimate for any other matters for which the risk of loss is not probable, but more than remote, is immaterial.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information We operate primarily in two industries, property casualty insurance and life insurance. Our chief operating decision maker regularly reviews our reporting segments to make decisions about allocating resources and assessing performance. Our reporting segments are: • Commercial lines insurance • Personal lines insurance • Excess and surplus lines insurance • Life insurance • Investments We report as Other the noninvestment operations of the parent company and its noninsurer subsidiary, CFC Investment Company. We also report as Other the underwriting results of Cincinnati Re and Cincinnati Global. See our 2020 Annual Report on Form 10-K, Item 8, Note 18, Segment Information, Page 179, for a description of revenue, income or loss before income taxes and identifiable assets for each of the five segments. Segment information is summarized in the following table: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Revenues: Commercial lines insurance Commercial casualty $ 312 $ 289 $ 615 $ 577 Commercial property 259 254 512 504 Commercial auto 198 189 391 374 Workers' compensation 68 68 135 143 Other commercial 74 70 144 135 Commercial lines insurance premiums 911 870 1,797 1,733 Fee revenues 1 1 2 2 Total commercial lines insurance 912 871 1,799 1,735 Personal lines insurance Personal auto 152 154 305 308 Homeowner 178 163 352 322 Other personal 52 47 101 93 Personal lines insurance premiums 382 364 758 723 Fee revenues 1 1 2 2 Total personal lines insurance 383 365 760 725 Excess and surplus lines insurance 95 78 184 156 Fee revenues 1 — 1 1 Total excess and surplus lines insurance 96 78 185 157 Life insurance premiums 79 79 148 146 Fee revenues 1 1 2 1 Total life insurance 80 80 150 147 Investments Investment income, net of expenses 175 166 349 331 Investment gains and losses, net 520 1,060 1,024 (665) Total investment revenue 695 1,226 1,373 (334) Other Premiums 126 91 250 180 Other 3 3 5 5 Total other revenues 129 94 255 185 Total revenues $ 2,295 $ 2,714 $ 4,522 $ 2,615 Income (loss) before income taxes: Insurance underwriting results Commercial lines insurance $ 145 $ 8 $ 275 $ (12) Personal lines insurance 29 (43) 26 (22) Excess and surplus lines insurance 10 (1) 18 8 Life insurance (2) 1 (4) 3 Investments 668 1,201 1,320 (385) Other 22 (21) 5 (23) Total income (loss) before income taxes $ 872 $ 1,145 $ 1,640 $ (431) Identifiable assets: June 30, December 31, Property casualty insurance $ 4,376 $ 3,838 Life insurance 1,580 1,661 Investments 22,825 21,332 Other 896 711 Total $ 29,677 $ 27,542

Accounting Policies Pending Acc

Accounting Policies Pending Accounting Updates (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Adopted Accounting Updates and Pending Accounting Updates	Pending Accounting Updates ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. ASU 2018-12 is intended to improve the timeliness of recognizing changes in the liability for future policy benefits and modify the rate used to discount future cash flows. The ASU will simplify and improve the accounting for certain market-based options or guarantees associated with deposit or account balance contracts and simplify amortization of deferred acquisition costs while improving and expanding required disclosures. In November 2020, the FASB issued an ASU that delayed the effective date of ASU 2018-12 to interim and annual reporting periods beginning after December 15, 2022. These ASU's have not yet been adopted. Management is currently evaluating the impact on our company's consolidated financial position, results of operations and cash flows.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2021
Investments [Abstract]
Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value of Fixed-maturity Securities	The following table provides amortized cost, gross unrealized gains, gross unrealized losses and fair value for our fixed-maturity securities: (Dollars in millions) Amortized Gross unrealized Fair value At June 30, 2021 gains losses Fixed maturity securities: Corporate $ 6,775 $ 581 $ 2 $ 7,354 States, municipalities and political subdivisions 4,632 367 2 4,997 Commercial mortgage-backed 268 14 — 282 United States government 122 4 — 126 Foreign government 23 — — 23 Government-sponsored enterprises 7 — — 7 Total $ 11,827 $ 966 $ 4 $ 12,789 At December 31, 2020 Fixed maturity securities: Corporate $ 6,281 $ 621 $ 7 $ 6,895 States, municipalities and political subdivisions 4,604 395 2 4,997 Commercial mortgage-backed 271 15 1 285 United States government 115 5 — 120 Foreign government 29 — — 29 Government-sponsored enterprises 12 — — 12 Total $ 11,312 $ 1,036 $ 10 $ 12,338
Fair Values And Unrealized Losses by Investment Category And By The Duration Of The Securities' Continuous Unrealized Loss Position	The table below provides fair values and gross unrealized losses by investment category and by the duration of the securities' continuous unrealized loss positions: (Dollars in millions) Less than 12 months 12 months or more Total At June 30, 2021 Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturity securities: Corporate $ 207 $ 1 $ 27 $ 1 $ 234 $ 2 States, municipalities and political subdivisions 46 1 7 1 53 2 Commercial mortgage-backed 4 — 9 — 13 — United States government 9 — — — 9 — Foreign government 5 — — — 5 — Government-sponsored enterprises 5 — — — 5 — Total $ 276 $ 2 $ 43 $ 2 $ 319 $ 4 At December 31, 2020 Fixed maturity securities: Corporate $ 330 $ 5 $ 46 $ 2 $ 376 $ 7 States, municipalities and political subdivisions 31 2 2 — 33 2 Commercial mortgage-backed 23 1 6 — 29 1 United States government 12 — — — 12 — Foreign government 10 — — — 10 — Total $ 406 $ 8 $ 54 $ 2 $ 460 $ 10
Investments Classified by Contractual Maturity Date	Contractual maturity dates for fixed-maturities securities were: (Dollars in millions) Amortized Fair % of fair At June 30, 2021 Maturity dates: Due in one year or less $ 516 $ 524 4.1 % Due after one year through five years 3,669 3,924 30.7 Due after five years through ten years 3,574 3,904 30.5 Due after ten years 4,068 4,437 34.7 Total $ 11,827 $ 12,789 100.0 %
Investment Income, Realized Investment Gains And Losses And Change In Unrealized Investment Gains And Losses	The following table provides investment income and investment gains and losses, net: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Investment income: Interest $ 117 $ 114 $ 235 $ 226 Dividends 60 53 118 106 Other 1 2 3 5 Total 178 169 356 337 Less investment expenses 3 3 7 6 Total $ 175 $ 166 $ 349 $ 331 Investment gains and losses, net: Equity securities: Investment gains and losses on securities sold, net $ — $ 24 $ 6 $ 17 Unrealized gains and losses on securities still held, net 489 1,044 974 (602) Subtotal 489 1,068 980 (585) Fixed maturities: Gross realized gains 11 3 14 5 Gross realized losses (2) (3) (2) (3) Write-down of impaired securities — — — (77) Subtotal 9 — 12 (75) Other 22 (8) 32 (5) Total $ 520 $ 1,060 $ 1,024 $ (665)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Hierarchy for Assets Measured at Fair Value on a Recurring Basis	The following tables illustrate the fair value hierarchy for those assets measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020. We do not have any liabilities carried at fair value. (Dollars in millions) Quoted prices in Significant other Significant Total At June 30, 2021 Fixed maturities, available for sale: Corporate $ — $ 7,354 $ — $ 7,354 States, municipalities and political subdivisions — 4,997 — 4,997 Commercial mortgage-backed — 282 — 282 United States government 126 — — 126 Foreign government — 23 — 23 Government-sponsored enterprises — 7 — 7 Subtotal 126 12,663 — 12,789 Common equities 9,522 — — 9,522 Nonredeemable preferred equities — 375 — 375 Separate accounts taxable fixed maturities — 912 — 912 Top Hat savings plan mutual funds and common 63 — — 63 Total $ 9,711 $ 13,950 $ — $ 23,661 At December 31, 2020 Fixed maturities, available for sale: Corporate $ — $ 6,895 $ — $ 6,895 States, municipalities and political subdivisions — 4,997 — 4,997 Commercial mortgage-backed — 285 — 285 United States government 120 — — 120 Foreign government — 29 — 29 Government-sponsored enterprises — 12 — 12 Subtotal 120 12,218 — 12,338 Common equities 8,541 — — 8,541 Nonredeemable preferred equities — 315 — 315 Separate accounts taxable fixed maturities — 903 — 903 Top Hat savings plan mutual funds and common 51 — — 51 Total $ 8,712 $ 13,436 $ — $ 22,148
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	This table summarizes the book value and principal amounts of our long-term debt: (Dollars in millions) Book value Principal amount Interest Year of June 30, December 31, June 30, December 31, 2021 2020 2021 2020 6.900 % 1998 Senior debentures, due 2028 $ 27 $ 27 $ 28 $ 28 6.920 % 2005 Senior debentures, due 2028 391 391 391 391 6.125 % 2004 Senior notes, due 2034 371 370 374 374 Total $ 789 $ 788 $ 793 $ 793
Fair Values of Deferred Annuities, Structured Settlements and Other Items	The following table shows fair values of our note payable and long-term debt: (Dollars in millions) Quoted prices in Significant other observable inputs (Level 2) Significant Total At June 30, 2021 Note payable $ — $ 59 $ — $ 59 6.900% senior debentures, due 2028 — 35 — 35 6.920% senior debentures, due 2028 — 512 — 512 6.125% senior notes, due 2034 — 511 — 511 Total $ — $ 1,117 $ — $ 1,117 At December 31, 2020 Note payable $ — $ 54 $ — $ 54 6.900% senior debentures, due 2028 — 35 — 35 6.920% senior debentures, due 2028 — 515 — 515 6.125% senior notes, due 2034 — 522 — 522 Total $ — $ 1,126 $ — $ 1,126
Fair Value of Life Policy Loans	The following table shows the fair value of our life policy loans included in other invested assets and the fair values of our deferred annuities and structured settlements included in life policy and investment contract reserves: (Dollars in millions) Quoted prices in Significant other Significant Total At June 30, 2021 Life policy loans $ — $ — $ 44 $ 44 Deferred annuities — — 811 811 Structured settlements — 212 — 212 Total $ — $ 212 $ 811 $ 1,023 At December 31, 2020 Life policy loans $ — $ — $ 49 $ 49 Deferred annuities — — 836 836 Structured settlements — 227 — 227 Total $ — $ 227 $ 836 $ 1,063

Property Casualty Loss and Lo_2

Property Casualty Loss and Loss Expenses (Tables)	6 Months Ended
	Jun. 30, 2021
Premiums Written, Net [Abstract]
Consolidated Property Casualty Loss And Loss Expense Reserves	This table summarizes activity for our consolidated property casualty loss and loss expense reserves: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Gross loss and loss expense reserves, beginning of period $ 6,880 $ 6,153 $ 6,677 $ 6,088 Less reinsurance recoverable 262 294 277 342 Net loss and loss expense reserves, beginning of period 6,618 5,859 6,400 5,746 Net incurred loss and loss expenses related to: Current accident year 949 1,054 1,982 2,017 Prior accident years (119) (47) (229) (80) Total incurred 830 1,007 1,753 1,937 Net paid loss and loss expenses related to: Current accident year 334 369 477 555 Prior accident years 433 382 995 1,013 Total paid 767 751 1,472 1,568 Net loss and loss expense reserves, end of period 6,681 6,115 6,681 6,115 Plus reinsurance recoverable 274 294 274 294 Gross loss and loss expense reserves, end of period $ 6,955 $ 6,409 $ 6,955 $ 6,409

Life Policy and Investment Co_2

Life Policy and Investment Contract Reserves (Tables)	6 Months Ended
	Jun. 30, 2021
Liability for Future Policy Benefit, before Reinsurance [Abstract]
Reserve For Losses Loss Adjustment Expenses Table	This table summarizes our life policy and investment contract reserves: (Dollars in millions) June 30, December 31, Life policy reserves: Ordinary/traditional life $ 1,338 $ 1,301 Other 53 52 Subtotal 1,391 1,353 Investment contract reserves: Deferred annuities 769 761 Universal life 670 647 Structured settlements 141 145 Other 9 9 Subtotal 1,589 1,562 Total life policy and investment contract reserves $ 2,980 $ 2,915

Deferred Acquisition Costs (Tab

Deferred Acquisition Costs (Tables)	6 Months Ended
	Jun. 30, 2021
Deferred Costs [Abstract]
Deferred Policy Acquisition Costs And Asset Reconciliation, Including the Amortized Deferred Policy Acquisition Costs	The table below shows the deferred policy acquisition costs and asset reconciliation. (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Property casualty: Deferred policy acquisition costs asset, beginning of period $ 586 $ 536 $ 542 $ 512 Capitalized deferred policy acquisition costs 325 292 637 572 Amortized deferred policy acquisition costs (281) (261) (549) (517) Deferred policy acquisition costs asset, end of period $ 630 $ 567 $ 630 $ 567 Life: Deferred policy acquisition costs asset, beginning of period $ 294 $ 291 $ 263 $ 262 Capitalized deferred policy acquisition costs 15 14 29 29 Amortized deferred policy acquisition costs (14) (15) (23) (24) Shadow deferred policy acquisition costs (1) (23) 25 — Deferred policy acquisition costs asset, end of period $ 294 $ 267 $ 294 $ 267 Consolidated: Deferred policy acquisition costs asset, beginning of period $ 880 $ 827 $ 805 $ 774 Capitalized deferred policy acquisition costs 340 306 666 601 Amortized deferred policy acquisition costs (295) (276) (572) (541) Shadow deferred policy acquisition costs (1) (23) 25 — Deferred policy acquisition costs asset, end of period $ 924 $ 834 $ 924 $ 834

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2021
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (AOCI) includes changes in unrealized gains and losses on investments, changes in pension obligations and changes in life deferred acquisition costs, life policy reserves and other as follows: (Dollars in millions) Three months ended June 30, 2021 2020 Before tax Income tax Net Before tax Income tax Net Investments: AOCI, beginning of period $ 830 $ 174 $ 656 $ 266 $ 55 $ 211 OCI before investment gains and losses, net, recognized in net income 141 28 113 506 107 399 Investment gains and losses, net, recognized in net income (9) (1) (8) — — — OCI 132 27 105 506 107 399 AOCI, end of period $ 962 $ 201 $ 761 $ 772 $ 162 $ 610 Pension obligations: AOCI, beginning of period $ (37) $ (6) $ (31) $ (8) $ — $ (8) OCI excluding amortization recognized in net income — — — — — — Amortization recognized in net income 1 — 1 1 — 1 OCI 1 — 1 1 — 1 AOCI, end of period $ (36) $ (6) $ (30) $ (7) $ — $ (7) Life deferred acquisition costs, life policy reserves and other: AOCI, beginning of period $ — $ — $ — $ 1 $ — $ 1 OCI before investment gains and losses, net, recognized in net income — — — (9) (2) (7) Investment gains and losses, net, recognized in net income — — — — — — OCI — — — (9) (2) (7) AOCI, end of period $ — $ — $ — $ (8) $ (2) $ (6) Summary of AOCI: AOCI, beginning of period $ 793 $ 168 $ 625 $ 259 $ 55 $ 204 Investments OCI 132 27 105 506 107 399 Pension obligations OCI 1 — 1 1 — 1 Life deferred acquisition costs, life policy reserves and other OCI — — — (9) (2) (7) Total OCI 133 27 106 498 105 393 AOCI, end of period $ 926 $ 195 $ 731 $ 757 $ 160 $ 597 (Dollars in millions) Six months ended June 30, 2021 2020 Before tax Income tax Net Before tax Income tax Net Investments: AOCI, beginning of period $ 1,026 $ 215 $ 811 $ 590 $ 123 $ 467 OCI before investment gains and losses, net, recognized in net income (52) (11) (41) 107 23 84 Investment gains and losses, net, recognized in net income (12) (3) (9) 75 16 59 OCI (64) (14) (50) 182 39 143 AOCI, end of period $ 962 $ 201 $ 761 $ 772 $ 162 $ 610 Pension obligations: AOCI, beginning of period $ (41) $ (7) $ (34) $ (9) $ — $ (9) OCI excluding amortization recognized in net income 2 — 2 — — — Amortization recognized in net income 3 1 2 2 — 2 OCI 5 1 4 2 — 2 AOCI, end of period $ (36) $ (6) $ (30) $ (7) $ — $ (7) Life deferred acquisition costs, life policy reserves and other: AOCI, beginning of period $ (10) $ (2) $ (8) $ (13) $ (3) $ (10) OCI before investment gains and losses, net, recognized in net income 10 2 8 5 1 4 Investment gains and losses, net, recognized in net income — — — — — — OCI 10 2 8 5 1 4 AOCI, end of period $ — $ — $ — $ (8) $ (2) $ (6) Summary of AOCI: AOCI, beginning of period $ 975 $ 206 $ 769 $ 568 $ 120 $ 448 Investments OCI (64) (14) (50) 182 39 143 Pension obligations OCI 5 1 4 2 — 2 Life deferred acquisition costs, life policy reserves and other OCI 10 2 8 5 1 4 Total OCI (49) (11) (38) 189 40 149 AOCI, end of period $ 926 $ 195 $ 731 $ 757 $ 160 $ 597

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2021
Reinsurance Disclosures [Abstract]
Property Casualty Insurance Assumed And Ceded Business	The table below summarizes our consolidated property casualty insurance net written premiums, earned premiums and incurred loss and loss expenses: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Direct written premiums $ 1,649 $ 1,539 $ 3,194 $ 2,997 Assumed written premiums 161 101 366 212 Ceded written premiums (96) (81) (153) (132) Net written premiums $ 1,714 $ 1,559 $ 3,407 $ 3,077 Direct earned premiums $ 1,465 $ 1,388 $ 2,894 $ 2,759 Assumed earned premiums 109 63 210 129 Ceded earned premiums (60) (48) (115) (96) Earned premiums $ 1,514 $ 1,403 $ 2,989 $ 2,792 Direct incurred loss and loss expenses $ 781 $ 976 $ 1,649 $ 1,876 Assumed incurred loss and loss expenses 54 45 132 79 Ceded incurred loss and loss expenses (5) (14) (28) (18) Incurred loss and loss expenses $ 830 $ 1,007 $ 1,753 $ 1,937
Life Insurance Assumed and Ceded Business	The table below summarizes our consolidated life insurance earned premiums and contract holders' benefits incurred: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Direct earned premiums $ 98 $ 98 $ 185 $ 183 Ceded earned premiums (19) (19) (37) (37) Earned premiums $ 79 $ 79 $ 148 $ 146 Direct contract holders' benefits incurred 100 100 207 185 Ceded contract holders' benefits incurred (15) (21) (42) (33) Contract holders' benefits incurred $ 85 $ 79 $ 165 $ 152

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Differences Between Statutory Income Tax Rate And Effective Income Tax Rate	The differences between the 21% statutory federal income tax rate and our effective income tax rate were as follows: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Tax at statutory rate: $ 183 21.0 % $ 240 21.0 % $ 344 21.0 % $ (91) 21.0 % Increase (decrease) resulting from: Tax-exempt income from municipal bonds (5) (0.6) (5) (0.4) (10) (0.6) (10) 2.3 Dividend received exclusion (4) (0.5) (4) (0.3) (9) (0.5) (8) 1.9 Other (5) (0.5) 5 0.3 (8) (0.6) (5) 1.3 Provision (benefit) for income taxes $ 169 19.4 % $ 236 20.6 % $ 317 19.3 % $ (114) 26.5 %

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Calculations For Basic And Diluted Earnings Per Share	The table shows calculations for basic and diluted earnings per share: (In millions, except per share data) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Numerator: Net income (loss)—basic and diluted $ 703 $ 909 $ 1,323 $ (317) Denominator: Basic weighted-average common shares outstanding 161.1 160.8 161.1 161.5 Effect of share-based awards: Stock options 1.2 0.3 1.0 — Nonvested shares 0.6 0.4 0.6 — Diluted weighted-average shares 162.9 161.5 162.7 161.5 Earnings (loss) per share: Basic $ 4.36 $ 5.65 $ 8.21 $ (1.96) Diluted $ 4.31 $ 5.63 $ 8.13 $ (1.96) Number of anti-dilutive share-based awards 0.4 2.7 1.0 2.6

Employee Retirement Benefits (T

Employee Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The following summarizes the components of net periodic benefit cost for our qualified and supplemental pension plans: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Service cost $ 3 $ 3 $ 5 $ 5 Non-service costs (benefit): Interest cost 3 3 5 6 Expected return on plan assets (6) (6) (11) (11) Amortization of actuarial loss and prior service cost 1 1 3 2 Other — — 2 — Total non-service benefit (2) (2) (1) (3) Net periodic benefit cost $ 1 $ 1 $ 4 $ 2

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment information is summarized in the following table: (Dollars in millions) Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Revenues: Commercial lines insurance Commercial casualty $ 312 $ 289 $ 615 $ 577 Commercial property 259 254 512 504 Commercial auto 198 189 391 374 Workers' compensation 68 68 135 143 Other commercial 74 70 144 135 Commercial lines insurance premiums 911 870 1,797 1,733 Fee revenues 1 1 2 2 Total commercial lines insurance 912 871 1,799 1,735 Personal lines insurance Personal auto 152 154 305 308 Homeowner 178 163 352 322 Other personal 52 47 101 93 Personal lines insurance premiums 382 364 758 723 Fee revenues 1 1 2 2 Total personal lines insurance 383 365 760 725 Excess and surplus lines insurance 95 78 184 156 Fee revenues 1 — 1 1 Total excess and surplus lines insurance 96 78 185 157 Life insurance premiums 79 79 148 146 Fee revenues 1 1 2 1 Total life insurance 80 80 150 147 Investments Investment income, net of expenses 175 166 349 331 Investment gains and losses, net 520 1,060 1,024 (665) Total investment revenue 695 1,226 1,373 (334) Other Premiums 126 91 250 180 Other 3 3 5 5 Total other revenues 129 94 255 185 Total revenues $ 2,295 $ 2,714 $ 4,522 $ 2,615 Income (loss) before income taxes: Insurance underwriting results Commercial lines insurance $ 145 $ 8 $ 275 $ (12) Personal lines insurance 29 (43) 26 (22) Excess and surplus lines insurance 10 (1) 18 8 Life insurance (2) 1 (4) 3 Investments 668 1,201 1,320 (385) Other 22 (21) 5 (23) Total income (loss) before income taxes $ 872 $ 1,145 $ 1,640 $ (431) Identifiable assets: June 30, December 31, Property casualty insurance $ 4,376 $ 3,838 Life insurance 1,580 1,661 Investments 22,825 21,332 Other 896 711 Total $ 29,677 $ 27,542

Investments - Analysis of Cost

Investments - Analysis of Cost or Amortized Cost, Gross Unrealized Gains and Losses and Fair Value for Investments (Detail) - Debt Securities - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale
Cost or Amortized Cost	$ 11,827	$ 11,312
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	966	1,036
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	4	10
Fair Value	12,789	12,338
Corporate
Debt Securities, Available-for-sale
Cost or Amortized Cost	6,775	6,281
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	581	621
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	2	7
Fair Value	7,354	6,895
States, municipalities and political subdivisions
Debt Securities, Available-for-sale
Cost or Amortized Cost	4,632	4,604
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	367	395
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	2	2
Fair Value	4,997	4,997
Commercial mortgage-backed
Debt Securities, Available-for-sale
Cost or Amortized Cost	268	271
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	14	15
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0	1
Fair Value	282	285
United States government
Debt Securities, Available-for-sale
Cost or Amortized Cost	122	115
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	4	5
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0	0
Fair Value	126	120
Foreign government
Debt Securities, Available-for-sale
Cost or Amortized Cost	23	29
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0	0
Fair Value	23	29
Government-sponsored enterprises
Debt Securities, Available-for-sale
Cost or Amortized Cost	7	12
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0	0
Fair Value	$ 7	$ 12

Investments - Fair Values and U

Investments - Fair Values and Unrealized Losses by Investment Category and by Duration of Securities' Continuous Unrealized Loss Position (Detail) - Fixed maturities - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Investments, Unrealized Loss Position
Less than 12 months Fair Value	$ 276	$ 406
Less than 12 months Unrealized Losses	2	8
12 months or more Fair Value	43	54
12 months or more Unrealized Losses	2	2
Total Fair Value	319	460
Total Unrealized Losses	4	10
Corporate
Investments, Unrealized Loss Position
Less than 12 months Fair Value	207	330
Less than 12 months Unrealized Losses	1	5
12 months or more Fair Value	27	46
12 months or more Unrealized Losses	1	2
Total Fair Value	234	376
Total Unrealized Losses	2	7
States, municipalities and political subdivisions
Investments, Unrealized Loss Position
Less than 12 months Fair Value	46	31
Less than 12 months Unrealized Losses	1	2
12 months or more Fair Value	7	2
12 months or more Unrealized Losses	1	0
Total Fair Value	53	33
Total Unrealized Losses	2	2
Commercial mortgage-backed
Investments, Unrealized Loss Position
Less than 12 months Fair Value	4	23
Less than 12 months Unrealized Losses	0	1
12 months or more Fair Value	9	6
12 months or more Unrealized Losses	0	0
Total Fair Value	13	29
Total Unrealized Losses	0	1
United States government
Investments, Unrealized Loss Position
Less than 12 months Fair Value	9	12
Less than 12 months Unrealized Losses	0	0
12 months or more Fair Value	0	0
12 months or more Unrealized Losses	0	0
Total Fair Value	9	12
Total Unrealized Losses	0	0
Foreign government
Investments, Unrealized Loss Position
Less than 12 months Fair Value	5	10
Less than 12 months Unrealized Losses	0	0
12 months or more Fair Value	0	0
12 months or more Unrealized Losses	0	0
Total Fair Value	5	10
Total Unrealized Losses	0	$ 0
Government-sponsored enterprises
Investments, Unrealized Loss Position
Less than 12 months Fair Value	5
Less than 12 months Unrealized Losses	0
12 months or more Fair Value	0
12 months or more Unrealized Losses	0
Total Fair Value	5
Total Unrealized Losses	$ 0

Investments - Schedule of Contr

Investments - Schedule of Contractual Maturities of Investments (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Amortized cost
Due in one year or less	$ 516
Due after one year through five years	3,669
Due after five years through ten years	3,574
Due after ten years	4,068
Total	11,827	$ 11,312
Fair value
Due in one year or less	524
Due after one year through five years	3,924
Due after five years through ten years	3,904
Due after ten years	4,437
Total	$ 12,789	$ 12,338
% of fair value
Due in one year or less	4.10%
Due after one year through five years	30.70%
Due after five years through ten years	30.50%
Due after ten years	34.70%
Total	100.00%

Investments - Realized Investme

Investments - Realized Investment Gains and Losses and Change in Unrealized Investment Gains and Losses and Other Items (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investment income:
Interest	$ 117	$ 114	$ 235	$ 226
Dividends	60	53	118	106
Other	1	2	3	5
Total	178	169	356	337
Less investment expenses	3	3	7	6
Total	175	166	349	331
Gain (Loss) on Sale of Investments			1,011	(669)
Investment gains and losses, net:
Investment gains and losses, net	520	1,060	1,024	(665)
Equity securities
Investment income:
Gain (Loss) on Sale of Investments	0	24	6	17
Unrealized Gain (Loss) on Investments	489	1,044	974	(602)
Investment gains and losses, net:
Other	22	(8)	32	(5)
Investment gains and losses, net	489	1,068	980	(585)
Fixed maturities
Investment gains and losses, net:
Gross realized gains	11	3	14	5
Writedown of Impaired Securities Intended to be Sold	0	0	0	(77)
Investment gains and losses, net	9	0	12	(75)
Available-for-sale Securities, Gross Realized Losses	$ (2)	$ (3)	$ (2)	$ (3)

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)security	Jun. 30, 2020security	Jun. 30, 2021USD ($)security	Jun. 30, 2020security	Dec. 31, 2020USD ($)security
Gain (Loss) on Securities
Debt Securities, Available-for-sale, Allowance for Credit Loss | security	0		0		0
Equity securities, at fair value	$ 9,897		$ 9,897		$ 8,856
Largest Single Common Stock Holding	$ 665		$ 665		$ 644
Largest equity holdings to total equity portfolio	7.00%		7.00%		7.50%
Largest equity holdings to total portfolio	2.90%		2.90%		3.00%
Fixed maturity investments, Percentage of amortized costs			70.00%		70.00%
Fixed maturities
Gain (Loss) on Securities
Number Of Impaired Securities Intended to be Sold | security	0	0	0	12
Number Of Securities Continuous Unrealized Loss Position | security	108		108		128
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss 3	$ 4		$ 4		$ 10
Number Of Securities Continuous Unrealized Loss Position and Below 70 Percent of Amortized Cost	2		2		0
Common equities | Equity securities
Gain (Loss) on Securities
Equity securities, at fair value	$ 9,522		$ 9,522		$ 8,541

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy for Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	$ 12,789	$ 12,338
Equity securities, at fair value	9,897	8,856
Separate accounts	952	952
Top Hat savings plan mutual funds and common equity (included in Other assets)	63	51
Fair value of asset	23,661	22,148
Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Top Hat savings plan mutual funds and common equity (included in Other assets)	63	51
Fair value of asset	9,711	8,712
Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Top Hat savings plan mutual funds and common equity (included in Other assets)	0	0
Fair value of asset	13,950	13,436
Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Top Hat savings plan mutual funds and common equity (included in Other assets)	0	0
Fair value of asset	0	0
Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	12,789	12,338
Debt Securities | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	7,354	6,895
Debt Securities | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	4,997	4,997
Debt Securities | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	282	285
Debt Securities | United States government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	126	120
Debt Securities | Foreign government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	23	29
Debt Securities | Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	7	12
Debt Securities | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	126	120
Debt Securities | Quoted prices in active markets for identical assets (Level 1) | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Quoted prices in active markets for identical assets (Level 1) | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Quoted prices in active markets for identical assets (Level 1) | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Quoted prices in active markets for identical assets (Level 1) | United States government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	126	120
Debt Securities | Quoted prices in active markets for identical assets (Level 1) | Foreign government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Quoted prices in active markets for identical assets (Level 1) | Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	12,663	12,218
Debt Securities | Significant other observable inputs (Level 2) | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	7,354	6,895
Debt Securities | Significant other observable inputs (Level 2) | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	4,997	4,997
Debt Securities | Significant other observable inputs (Level 2) | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	282	285
Debt Securities | Significant other observable inputs (Level 2) | United States government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant other observable inputs (Level 2) | Foreign government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	23	29
Debt Securities | Significant other observable inputs (Level 2) | Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	7	12
Debt Securities | Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant unobservable inputs (Level 3) | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant unobservable inputs (Level 3) | States, municipalities and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant unobservable inputs (Level 3) | Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant unobservable inputs (Level 3) | United States government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant unobservable inputs (Level 3) | Foreign government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Debt Securities | Significant unobservable inputs (Level 3) | Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fixed maturities, at fair value	0	0
Equity securities | Common equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	9,522	8,541
Equity securities | Nonredeemable preferred equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	375	315
Equity securities | Quoted prices in active markets for identical assets (Level 1) | Common equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	9,522	8,541
Equity securities | Quoted prices in active markets for identical assets (Level 1) | Nonredeemable preferred equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	0	0
Equity securities | Significant other observable inputs (Level 2) | Common equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	0	0
Equity securities | Significant other observable inputs (Level 2) | Nonredeemable preferred equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	375	315
Equity securities | Significant unobservable inputs (Level 3) | Common equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	0	0
Equity securities | Significant unobservable inputs (Level 3) | Nonredeemable preferred equities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities, at fair value	0	0
Taxable Fixed Maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Separate accounts	912	903
Taxable Fixed Maturities | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Separate accounts	0	0
Taxable Fixed Maturities | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Separate accounts	912	903
Taxable Fixed Maturities | Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Separate accounts	$ 0	$ 0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Book Value and Principal Amounts of Long-Term Debt (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Book value	$ 789	$ 788
Principal amount of debt	$ 793	$ 793
Senior Debentures 6.900% Due 2028
Debt Instrument [Line Items]
Interest rate	6.90%	6.90%
Debt issuance year	1998	1998
Book value	$ 27	$ 27
Principal amount of debt	$ 28	$ 28
Senior Debentures 6.920% Due 2028
Debt Instrument [Line Items]
Interest rate	6.92%	6.92%
Debt issuance year	2005	2005
Book value	$ 391	$ 391
Principal amount of debt	$ 391	$ 391
Senior Notes 6.125% Due 2034
Debt Instrument [Line Items]
Interest rate	6.125%	6.125%
Debt issuance year	2004	2004
Book value	$ 371	$ 370
Principal amount of debt	$ 374	$ 374

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Values of Note Payable and Long-Term Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of note payable	$ 59	$ 54
Total	$ 1,117	$ 1,126
Senior Debentures 6.900 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate	6.90%	6.90%
Fair value of senior debt	$ 35	$ 35
Senior Debentures 6.920 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate	6.92%	6.92%
Fair value of senior debt	$ 512	$ 515
Senior Notes 6.125 % Due 2034
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate	6.125%	6.125%
Fair value of senior debt	$ 511	$ 522
Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of note payable	0	0
Total	0	0
Quoted prices in active markets for identical assets (Level 1) | Senior Debentures 6.900 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	0	0
Quoted prices in active markets for identical assets (Level 1) | Senior Debentures 6.920 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	0	0
Quoted prices in active markets for identical assets (Level 1) | Senior Notes 6.125 % Due 2034
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	0	0
Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of note payable	59	54
Total	1,117	1,126
Significant other observable inputs (Level 2) | Senior Debentures 6.900 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	35	35
Significant other observable inputs (Level 2) | Senior Debentures 6.920 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	512	515
Significant other observable inputs (Level 2) | Senior Notes 6.125 % Due 2034
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	511	522
Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of note payable	0	0
Total	0	0
Significant unobservable inputs (Level 3) | Senior Debentures 6.900 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	0	0
Significant unobservable inputs (Level 3) | Senior Debentures 6.920 % Due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	0	0
Significant unobservable inputs (Level 3) | Senior Notes 6.125 % Due 2034
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of senior debt	$ 0	$ 0

Fair Value Measurements - Fai_3

Fair Value Measurements - Fair Value of Life Policy Loans, Deferred Annuities, and Structured Settlements (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of life policy loans	$ 44	$ 49
Liabilities Related to Investment Contracts, Fair Value Disclosure	1,023	1,063
Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of life policy loans	0	0
Liabilities Related to Investment Contracts, Fair Value Disclosure	0	0
Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of life policy loans	0	0
Liabilities Related to Investment Contracts, Fair Value Disclosure	212	227
Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair value of life policy loans	44	49
Liabilities Related to Investment Contracts, Fair Value Disclosure	811	836
Deferred annuities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	811	836
Deferred annuities | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	0	0
Deferred annuities | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	0	0
Deferred annuities | Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	811	836
Structured settlements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	212	227
Structured settlements | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	0	0
Structured settlements | Significant other observable inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	212	227
Structured settlements | Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities Related to Investment Contracts, Fair Value Disclosure	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash and Cash Equivalents, Fair Value Disclosure	$ 1,003	$ 900
Finance receivable	100	95
Loss and loss expense reserves	2,980	2,915
Life Policy Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Finance receivable	31	33
Investment contract reserves:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loss and loss expense reserves	1,589	1,562
Investment contract reserves: | Deferred annuities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loss and loss expense reserves	769	761
Investment contract reserves: | Structured Settlement Annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loss and loss expense reserves	$ 141	$ 145

Property Casualty Loss and Lo_3

Property Casualty Loss and Loss Expenses - Consolidated Property Casualty Loss and Loss Expense Reserves (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Summary of Consolidated Property Casualty Loss and Loss Expense Reserves [Roll Forward]
Gross loss and loss expense reserves, beginning of period	$ 6,880	$ 6,153	$ 6,677	$ 6,088
Less reinsurance recoverable	262	294	277	342
Net loss and loss expense reserves, beginning of period	6,618	5,859	6,400	5,746
Current accident year	949	1,054	1,982	2,017
Prior accident years	(119)	(47)	(229)	(80)
Total incurred	830	1,007	1,753	1,937
Current accident year	334	369	477	555
Prior accident years	433	382	995	1,013
Total paid	767	751	1,472	1,568
Net loss and loss expense reserves, end of period	6,681	6,115	6,681	6,115
Plus reinsurance recoverable	274	294	274	294
Gross loss and loss expense reserves, end of period	$ 6,955	$ 6,409	$ 6,955	$ 6,409

Property Casualty Loss and Lo_4

Property Casualty Loss and Loss Expenses - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Reserve for loss and loss expenses	$ 6,955	$ 6,409	$ 6,955	$ 6,409	$ 6,880	$ 6,677	$ 6,153	$ 6,088
Prior accident years	(119)	(47)	(229)	(80)
Life and Health Loss Reserves
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Reserve for loss and loss expenses	64	54	64	54
Commercial Insurance
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years	(86)	(45)	(169)	(51)
Commercial Insurance | Commercial Casualty Line
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years	(26)	(21)	(32)	(26)
Commercial Insurance | Workers' Compensation Line
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years	(27)	(19)	(52)	(26)
Commercial Insurance | Commercial Auto Line
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years			(37)	3
Commercial Insurance | Commercial Property Line
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years			(34)
Personal Insurance
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years	(12)		(32)	(28)
Personal Insurance | Personal Auto
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years	(9)	(7)	(24)	(20)
Personal Insurance | Homeowner
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years		7		(11)
Excess and Surplus Lines Insurance
SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters
Prior accident years	$ (1)	$ 8	$ 3	$ 9

Reserves in Addition to Account

Reserves in Addition to Account Balance, Based on Expected No-Lapse Guarantee Benefits and Expected Policy Assessments (Detail) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	$ 2,980	$ 2,915
Life policy reserves:
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	1,391	1,353
Life policy reserves: | Ordinary/traditional life
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	1,338	1,301
Life policy reserves: | Other
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	53	52
Investment contract reserves:
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	1,589	1,562
Investment contract reserves: | Deferred annuities
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	769	761
Investment contract reserves: | Universal life
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	670	647
Investment contract reserves: | Structured Settlement Annuity
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	141	145
Investment contract reserves: | Other
Liability for Future Policy Benefit, by Product Segment
Life policy and investment contract reserves	$ 9	$ 9

Deferred Acquisition Costs - De

Deferred Acquisition Costs - Deferred Policy Acquisition Costs and Asset Reconciliation (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Movement Analysis of Deferred Policy Acquisition Costs
Deferred policy acquisition costs asset, beginning of period	$ 880	$ 827	$ 805	$ 774
Capitalized deferred policy acquisition costs	340	306	666	601
Amortized deferred policy acquisition costs	(295)	(276)	(572)	(541)
Shadow deferred policy acquisition costs	(1)	(23)	25	0
Deferred policy acquisition costs asset, end of period	924	834	924	834
Consolidated Property And Casualty Insurance
Movement Analysis of Deferred Policy Acquisition Costs
Deferred policy acquisition costs asset, beginning of period	586	536	542	512
Capitalized deferred policy acquisition costs	325	292	637	572
Amortized deferred policy acquisition costs	(281)	(261)	(549)	(517)
Deferred policy acquisition costs asset, end of period	630	567	630	567
Life Insurance Segment
Movement Analysis of Deferred Policy Acquisition Costs
Deferred policy acquisition costs asset, beginning of period	294	291	263	262
Capitalized deferred policy acquisition costs	15	14	29	29
Amortized deferred policy acquisition costs	(14)	(15)	(23)	(24)
Shadow deferred policy acquisition costs	(1)	(23)	25	0
Deferred policy acquisition costs asset, end of period	$ 294	$ 267	$ 294	$ 267

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income, net of tax, beginning of period	$ 731		$ 731			$ 769
Accumulated other comprehensive income, net of tax, end of period	731		731
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
Other comprehensive income before reclassification, before tax	141	$ 506	(52)	$ 107
Reclassification adjustment, before tax	(9)	0	(12)	75
Effect on other comprehensive income, before tax	132	506	(64)	182
Accumulated other comprehensive income, before tax, end of period	962	772	962	772
Accumulated Other Comprehensive Income (Loss), Tax [Abstract]
Other comprehensive income before reclassification, tax	28	107	(11)	23
Reclassification adjustment, tax	(1)	0	(3)	16
Effect on other comprehensive income, tax	27	107	(14)	39
Accumulated other comprehensive income, tax, end of period	201	162	201	162
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income, net of tax, beginning of period	761	610	761	610
Other comprehensive income before reclassification, net of tax	113	399	(41)	84
Reclassification adjustment, net of tax	(8)	0	(9)	59
Effect on other comprehensive income, net of tax	105	399	(50)	143
Accumulated other comprehensive income, net of tax, end of period	761	610	761	610
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
Accumulated other comprehensive income, before tax, beginning of period	(37)	(8)	(41)	(9)
Other comprehensive income before reclassification, before tax	0	0	2	0
Reclassification adjustment, before tax	1	1	3	2
Effect on other comprehensive income, before tax	1	1	5	2
Accumulated other comprehensive income, before tax, end of period	(36)	(7)	(36)	(7)
Accumulated Other Comprehensive Income (Loss), Tax [Abstract]
Accumulated other comprehensive income, tax, beginning of period	(6)	0	(7)	0
Other comprehensive income before reclassification, tax	0	0	0	0
Reclassification adjustment, tax	0	0	1	0
Effect on other comprehensive income, tax	0	0	1	0
Accumulated other comprehensive income, tax, end of period	(6)	0	(6)	0
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income, net of tax, beginning of period	(30)	(7)	(30)	(7)	$ (31)	(34)	$ (8)	$ (9)
Other comprehensive income before reclassification, net of tax	0	0	2	0
Reclassification adjustment, net of tax	1	1	2	2
Effect on other comprehensive income, net of tax	1	1	4	2
Accumulated other comprehensive income, net of tax, end of period	(30)	(7)	(30)	(7)
Accumulated Net Unrealized Gain (Loss) on Deferred Costs, Reserves And Other
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
Accumulated other comprehensive income, before tax, beginning of period	0	1	(10)	(13)
Other comprehensive income before reclassification, before tax	0	(9)	10	5
Reclassification adjustment, before tax	0	0	0	0
Effect on other comprehensive income, before tax	0	(9)	10	5
Accumulated other comprehensive income, before tax, end of period	0	(8)	0	(8)
Accumulated Other Comprehensive Income (Loss), Tax [Abstract]
Accumulated other comprehensive income, tax, beginning of period	0	0	(2)	(3)
Other comprehensive income before reclassification, tax	0	(2)	2	1
Reclassification adjustment, tax	0	0	0	0
Effect on other comprehensive income, tax	0	(2)	2	1
Accumulated other comprehensive income, tax, end of period	0	(2)	0	(2)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income, net of tax, beginning of period	0	(6)	0	(6)	0	(8)	1	(10)
Other comprehensive income before reclassification, net of tax	0	(7)	8	4
Reclassification adjustment, net of tax	0	0	0	0
Effect on other comprehensive income, net of tax	0	(7)	8	4
Accumulated other comprehensive income, net of tax, end of period	0	(6)	0	(6)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
Change in unrealized gains, net, on investments available for sale, before tax	132	506	(64)	182
Change in pension obligations, before tax	1	1	5	2
Change in life deferred acquisition costs, life policy reserves and other, before tax	0	(9)	10	5
Effect on other comprehensive income, before tax	133	498	(49)	189
Accumulated other comprehensive income, before tax, end of period	926	757	926	757
Accumulated Other Comprehensive Income (Loss), Tax [Abstract]
Change in unrealized gains, net, on investments available for sale, tax	27	107	(14)	39
Change in pension obligations, tax	0	0	1	0
Change in life deferred acquisition costs, life policy reserves and other, tax	0	(2)	2	1
Effect on other comprehensive income, tax	27	105	(11)	40
Accumulated other comprehensive income, tax, end of period	195	160	195	160
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income, net of tax, beginning of period	731	597	731	597
Change in unrealized gains, net, on investments available for sale, net of tax	105	399	(50)	143
Change in pension obligations, net of tax	1	1	4	2
Change in life deferred acquisition costs, life policy reserves and other, net of tax	0	(7)	8	4
Effect on other comprehensive income, net of tax	106	393	(38)	149
Accumulated other comprehensive income, net of tax, end of period	731	597	731	597
Previously Reported | Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
Accumulated other comprehensive income, before tax, beginning of period	830	266	1,026	590
Accumulated Other Comprehensive Income (Loss), Tax [Abstract]
Accumulated other comprehensive income, tax, beginning of period	174	55	215	123
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income, net of tax, beginning of period					656	811	211	467
Previously Reported | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss Before Tax [Abstract]
Accumulated other comprehensive income, before tax, beginning of period	793	259	975	568
Accumulated Other Comprehensive Income (Loss), Tax [Abstract]
Accumulated other comprehensive income, tax, beginning of period	$ 168	$ 55	$ 206	$ 120
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income, net of tax, beginning of period					$ 625	$ 769	$ 204	$ 448

Reinsurance - Consolidated Prop

Reinsurance - Consolidated Property Casualty Insurance Assumed and Ceded Business (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property Casualty Insurance Assumed And Ceded Business
Earned premiums	$ 1,593	$ 1,482	$ 3,137	$ 2,938
Incurred loss and loss expenses	915	1,086	1,918	2,089
Consolidated Property And Casualty Insurance
Property Casualty Insurance Assumed And Ceded Business
Direct written premiums	1,649	1,539	3,194	2,997
Assumed written premiums	161	101	366	212
Ceded written premiums	(96)	(81)	(153)	(132)
Net written premiums	1,714	1,559	3,407	3,077
Direct earned premiums	1,465	1,388	2,894	2,759
Assumed earned premiums	109	63	210	129
Ceded earned premiums	(60)	(48)	(115)	(96)
Earned premiums	1,514	1,403	2,989	2,792
Direct incurred loss and loss expenses	781	976	1,649	1,876
Assumed incurred loss and loss expenses	54	45	132	79
Ceded incurred loss and loss expenses	(5)	(14)	(28)	(18)
Incurred loss and loss expenses	$ 830	$ 1,007	$ 1,753	$ 1,937

Reinsurance - Life Insurance Ce

Reinsurance - Life Insurance Ceded Business (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reinsurance for Insurance Companies, by Product Segment
Insurance losses and contract holders' benefits	$ 915	$ 1,086	$ 1,918	$ 2,089
Life Insurance Segment
Reinsurance for Insurance Companies, by Product Segment
Direct earned premiums	98	98	185	183
Ceded earned premiums	(19)	(19)	(37)	(37)
Earned premiums	79	79	148	146
Direct contract holders' benefits incurred	100	100	207	185
Ceded contract holders' benefits incurred	(15)	(21)	(42)	(33)
Insurance losses and contract holders' benefits	$ 85	$ 79	$ 165	$ 152

Reinsurance (Details)

Reinsurance (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Consolidated Property And Casualty Insurance
Reinsurance for Insurance Companies, by Product Segment
Premium Receivable, Allowance for Credit Loss	$ 16	$ 19

Income Taxes - Differences Betw

Income Taxes - Differences Between Statutory Income Tax Rate and Effective Income Tax Rate (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Increase (decrease) resulting from:
Tax at statutory rate	$ 183	$ 240	$ 344	$ (91)
Tax-exempt income from municipal bonds	(5)	(5)	(10)	(10)
Dividend received exclusion	(4)	(4)	(9)	(8)
Other	(5)	5	(8)	(5)
Total provision (benefit) for income taxes	$ 169	$ 236	$ 317	$ (114)
Increase (decrease) resulting from:
Tax at statutory rate	21.00%	21.00%	21.00%	21.00%
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent	(0.60%)	(0.40%)	(0.60%)	2.30%
Effective Income Tax Rate Reconciliation, Deduction, Dividend, Percent	(0.50%)	(0.30%)	(0.50%)	1.90%
Other	(0.50%)	0.30%	(0.60%)	1.30%
Provision for income taxes	19.40%	20.60%	19.30%	26.50%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Tax Contingency
Tax at statutory rate, percentage	21.00%	21.00%	21.00%	21.00%
Unrecognized Tax Benefits	$ 34		$ 34		$ 34
Deferred tax assets valuation allowance	0		0		0
Cincinnati Global
Income Tax Contingency
Change in deferred tax assets	3		4
Change in deferred tax valuation allowance	3		4
Net deferred tax assets	52		52
Deferred tax assets valuation allowance	52		52
Cincinnati Global | United States
Income Tax Contingency
Operating loss carryforwards	26		26		26
Cincinnati Global | United Kingdom
Income Tax Contingency
Operating loss carryforwards	$ 119		$ 119		$ 108

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share - Calculations for Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net income (loss)—basic and diluted	$ 703	$ 909	$ 1,323	$ (317)
Denominator:
Basic weighted-average common shares outstanding (in shares)	161.1	160.8	161.1	161.5
Diluted weighted-average shares	162.9	161.5	162.7	161.5
Earnings (loss) per share:
Basic (in USD per share)	$ 4.36	$ 5.65	$ 8.21	$ (1.96)
Diluted (in USD per share)	$ 4.31	$ 5.63	$ 8.13	$ (1.96)
Number of anti-dilutive stock-based awards (in shares)	0.4	2.7	1	2.6
Cincinnati Global
Earnings (loss) per share:
Change in deferred tax assets	$ 3		$ 4
Change in deferred tax valuation allowance	$ 3		$ 4
Stock Options
Denominator:
Effect of stock-based awards (in shares)	1.2	0.3	1	0
Nonvested shares
Denominator:
Effect of stock-based awards (in shares)	0.6	0.4	0.6	0

Employee Retirement Benefits -

Employee Retirement Benefits - Components of Net Periodic Costs for Qualified and Supplemental Pension Plans (Detail) - Qualified Pension Plans - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Plan Disclosure
Service cost	$ 3	$ 3	$ 5	$ 5
Interest cost	3	3	5	6
Expected return on plan assets	(6)	(6)	(11)	(11)
Amortization of actuarial loss and prior service cost	1	1	3	2
Other	0	0	2	0
Total non-service benefit	(2)	(2)	(1)	(3)
Net periodic benefit cost	$ 1	$ 1	$ 4	$ 2

Employee Retirement Benefits _2

Employee Retirement Benefits - Defined Contribution Plan (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Plan Disclosure
Matching contributions to 401(k) and Top Hat plans	$ 5,000,000	$ 4,000,000	$ 11,000,000	$ 12,000,000
Qualified Pension Plans
Defined Benefit Plan Disclosure
Pension contributions			$ 0

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2021segmentindustry
Segment Reporting [Abstract]
Number of Industries Operating In | industry	2
Number of Reportable Segments | segment	5

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Segment Reporting Information
Earned premiums	$ 1,593	$ 1,482	$ 3,137	$ 2,938
Fee revenues	4	3	7	6
Other revenues	3	3	5	5
Investment income, net of expenses	175	166	349	331
Investment gains and losses, net	520	1,060	1,024	(665)
Total revenues	2,295	2,714	4,522	2,615
Income Before Income Taxes	872	1,145	1,640	(431)
Identifiable Assets	29,677		29,677		$ 27,542
Consolidated Property And Casualty Insurance
Segment Reporting Information
Earned premiums	1,514	1,403	2,989	2,792
Identifiable Assets	4,376		4,376		3,838
Life Insurance Segment
Segment Reporting Information
Identifiable Assets	1,580		1,580		1,661
Investment Segment
Segment Reporting Information
Identifiable Assets	22,825		22,825		21,332
Corporate and Other
Segment Reporting Information
Identifiable Assets	896		896		$ 711
Operating Segments | Commercial Insurance
Segment Reporting Information
Earned premiums	911	870	1,797	1,733
Fee revenues	1	1	2	2
Total revenues	912	871	1,799	1,735
Income Before Income Taxes	145	8	275	(12)
Operating Segments | Commercial Insurance | Commercial Casualty Line
Segment Reporting Information
Earned premiums	312	289	615	577
Operating Segments | Commercial Insurance | Commercial Property Line
Segment Reporting Information
Earned premiums	259	254	512	504
Operating Segments | Commercial Insurance | Commercial Auto Line
Segment Reporting Information
Earned premiums	198	189	391	374
Operating Segments | Commercial Insurance | Workers' Compensation Line
Segment Reporting Information
Earned premiums	68	68	135	143
Operating Segments | Commercial Insurance | Other Commercial Lines
Segment Reporting Information
Earned premiums	74	70	144	135
Operating Segments | Personal Insurance
Segment Reporting Information
Earned premiums	382	364	758	723
Fee revenues	1	1	2	2
Total revenues	383	365	760	725
Income Before Income Taxes	29	(43)	26	(22)
Operating Segments | Personal Insurance | Personal Auto
Segment Reporting Information
Earned premiums	152	154	305	308
Operating Segments | Personal Insurance | Home Owner Line
Segment Reporting Information
Earned premiums	178	163	352	322
Operating Segments | Personal Insurance | Other Personal Lines
Segment Reporting Information
Earned premiums	52	47	101	93
Operating Segments | Excess and Surplus Lines Insurance
Segment Reporting Information
Earned premiums	95	78	184	156
Fee revenues	1	0	1	1
Total revenues	96	78	185	157
Income Before Income Taxes	10	(1)	18	8
Operating Segments | Life Insurance Segment
Segment Reporting Information
Earned premiums	79	79	148	146
Fee revenues	1	1	2	1
Total revenues	80	80	150	147
Income Before Income Taxes	(2)	1	(4)	3
Operating Segments | Investment Segment
Segment Reporting Information
Investment income, net of expenses	175	166	349	331
Investment gains and losses, net	520	1,060	1,024	(665)
Total revenues	695	1,226	1,373	(334)
Income Before Income Taxes	668	1,201	1,320	(385)
Corporate, Non-Segment
Segment Reporting Information
Total revenues	129	94	255	185
Corporate, Non-Segment | Reinsurance assumed and other non segment
Segment Reporting Information
Earned premiums	126	91	250	180
Corporate, Non-Segment | Corporate and Other
Segment Reporting Information
Other revenues	3	3	5	5
Income Before Income Taxes	$ 22	$ (21)	$ 5	$ (23)