 |
|
|
|
2001 |
|
|
2000 |
|
| (Dollars
in millions, except per share data) |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| FOR
THE YEAR |
|
|
|
|
|
|
| Revenues(1) |
|
$ |
8,943 |
|
$ |
7,972 |
| Operating
earnings (loss) (1) |
|
|
(941) |
|
|
567 |
| Operating
earnings (loss) per common share(1) |
|
|
(4.52) |
|
|
2.41 |
| Operating
earnings (loss) return on beginning common equity(2) |
|
|
(13.6%) |
|
|
8.5% |
| Net
income (loss) |
|
|
(1,088) |
|
|
993 |
| Net
income (loss) per common share |
|
|
(5.22) |
|
|
4.24 |
| Dividends
paid per common share |
|
|
1.11 |
|
|
1.07 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| AT
YEAR END |
|
|
|
|
|
|
| Total
investments |
|
$ |
22,178 |
|
$ |
22,052 |
| Total
assets |
|
|
38,321 |
|
|
35,502 |
| Common
shareholders’ equity |
|
|
5,056 |
|
|
7,178 |
| Book
value per common share |
|
|
24.35 |
|
|
32.88 |
| Market
value per common share |
|
|
43.97 |
|
|
54.31 |
| Common
shares outstanding |
|
|
207,624,375 |
|
|
218,308,016 |
| Debt
as a percentage of total capitalization |
|
|
26% |
|
|
18% |
| Total
employees |
|
|
10,200 |
|
|
10,500 |
|
|
|
|
|
|
|
|
| |
(1) From continuing operations.
Operating earnings exclude realized investment gains.
(2) Equity excludes unrealized appreciation on fixed maturity investments.
The operating loss and net loss in 2001 include an after-tax loss
of $612 million resulting from the Sept. 11, 2001, terrorist attack. |
|
|
