(In thousands)
Year ended December 31
1997
1996
1998
Revenues from Continuing Operations
Property-liability insurance:
Commercial lines
$2,614,645
$2,912,393
$2,775,349
Specialty commercial
1,446,937
1,441,835
1,416,577
Personal insurance
1,392,325
1,302,110
1,335,451
Total U.S. underwriting
5,453,907
5,656,338
5,527,377
International
333,186
277,778
269,266
Total primary underwriting
5,787,093
5,934,116
5,796,643
Reinsurance
1,038,687
1,226,913
1,237,467
Total underwriting
6,825,780
7,161,029
7,034,110
Investment operations:
Net investment income
1,306,828
1,323,967
1,236,013
Realized investment gains
187,871
412,332
271,483
Total investment operations
1,494,699
1,736,299
1,507,496
Other
59,147
47,732
50,338
Total property-liability insurance
8,379,626
8,945,060
8,591,944
Life insurance
393,084
403,821
356,887
Asset management
307,535
268,927
232,347
Total reportable segments
9,080,245
9,617,808
9,181,178
Parent company, other operations and consolidating eliminations
28,156
5,371
50,359
Total revenues
$9,108,401
$9,623,179
$9,231,537
Income (Loss) from Continuing Operations Before Income Taxes
Property-liability insurance:
Commercial lines
$ (658,694)
$ (90,615)
$ (95,375)
Specialty commercial
(146,872)
17,956
71,088
Personal insurance
(111,364)
(319,071)
(175,489)
(981,055)
Total U.S. underwriting
(184,023)
(343,358)
International
(67,422)
(52,788)
(23,432)
Total primary underwriting
(1,041,128)
(236,811)
(366,790)
Reinsurance
7,349
4,032
17,322
Total GAAP underwriting result
(1,041,128)
(232,779)
(349,468)
Investment operations:
Net investment income
1,306,828
1,323,967
1,236,013
Realized investment gains
187,871
412,332
271,483
1,494,699
1,736,299
1,507,496
Total investment operations
Other
(322,162)
(112,935)
(208,002)
Total property-liability insurance
131,409
1,390,585
950,026
Life insurance
20,747
77,995
(8,250)
Asset management
103,960
92,617
91,697
Total reportable segments
256,116
1,561,197
1.033,473
Parent company, other operations and consolidating eliminations
(302,403)
(225,489)
(42,375)
Total income (loss) from continuing operations before income taxes
$ (46,287)
$1,335,708
$ 991,098
(In thousands)
December 31
1997
1996
1998
Identifiable Assets
Property-liability insurance
$31,688,474
$30,005,932
$32,340,907
Life Insurance
4,478,236
4,204,400
4,838,690
Assset management
504,788
516,690
356,318
Total reportable segments
37,684,385
36,683,400
34,566,650
Parent company, other operations, consolidating eliminations and discontinued operations
638,323
675,428
579,586
Total assets
$38,322,708
$37,358,828
$35,146,236