31
Selected Financial Data
(In millions, except for per share data and combined ratios) 2001 2000 1999 1998 1997
Income Statement Data
Total revenues [1] [2] $ 15,147 $ 14,703 $ 13,528 $ 15,022 $ 13,461
Income before extraordinary item and 
cumulative effect of accounting changes  [3] 549 974 862 1,015 1,332
Net income [3] [4] 507 974  862  1,015  1,332
Balance Sheet Data
Total assets $ 181,238 $ 171,532 $ 167,051 $ 150,632 $ 131,743 
Long-term debt 1,965 1,862  1,548  1,548  1,482
Company obligated mandatorily redeemable 
preferred securities of subsidiary trusts holding 
solely junior subordinated debentures1,412 1,243 1,250 1,250 1,000
Total stockholders’ equity 9,013 7,464 5,466 6,423 6,085
Earnings Per Share Data
Basic earnings per share [3]
Income before extraordinary item and 
cumulative effect of accounting changes [3] $2 . 3 1 $ 4.42 $ 3.83 $ 4.36 $ 5.64
Net income [3] [4] 2.13 4.42 3.83 4.36 5.64
Diluted earnings per share [3]
Income before extraordinary item and 
cumulative effect of accounting changes [3] 2.27 4.34 3.79 4.30 5.58
Net income [3] [4] 2.10 4.34 3.79 4.30 5.58
Dividends declared per common share 1.01 0.97 0.92 0.85 0.80
Operating Data
Life Operations 
Fee income $ 2,633 $ 2,484 $ 2,105 $ 2,100 $ 1,532
Earned premiums 2,142 1,886 1,764 1,607 1,505
Assets under management [5] 168,421 155,053 145,407 124,528 101,952
Mutual fund assets [6] 16,809 11,432 6,374 2,506 972
Property & Casualty Operations [7]
Written premiums [1] 7,569 6,958 6,354 6,119 5,771
Combined ratios
North American Property & Casualty [8] 112.4 102.4 103.3  102.9 102.3
U.S. Industry combined ratios [9] 117.0 110.1 107.8 105.6 101.6
[1] 2001 includes a $91 reduction in premiums from reinsurance cessions related to the September 11 terrorist attack (“September 11”). 
[2] 1998 includes $541 related to the recapture of an in force block of Corporate Owned Life Insurance (“COLI”) business from MBL Life Assurance Co. of
New Jersey. Also, includes revenues from London & Edinburgh, which was sold in November 1998, for 1998 and 1997 of $1,117 and $1,225, respectively.
[3] 2001 includes $440 of losses ($1.85 per basic and $1.82 per diluted share) related to September 11 and a $130 tax beneﬁt ($0.55 per basic and $0.54 
per diluted share) at HLI. 1997 includes an equity gain of $368 ($1.56 per basic and $1.54 per diluted share), resulting from the initial public offering of HLI.
[4] 2001 includes a $34 after-tax charge ($0.14 per basic and per diluted share) related to the cumulative effect of accounting changes for the Company’s
adoption of SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities” and EITF Issue 99-20, “Recognition of Interest Income and
Impairment on Purchased and Retained Beneﬁcial Interests in Securitized Financial Assets.” Also includes an $8 extraordinary after-tax loss ($0.04 per
basic and $0.03 per diluted share) related to the Company’s retirement of its 8.35% Cumulative Quarterly Income Preferred Securities.
[5] Includes mutual fund assets.
[6] Mutual funds are owned by the shareholders of those funds and not by the Company. As a result they are not reﬂected in total assets on the Company’s 
balance sheet.
[7] Excludes results of the Other Operations segment.
[8] 2001 includes the impact of September 11. Excluding the impact of September 11, 2001 combined ratio was 103.4.
[9] U.S. Industry Combined Ratio information obtained from A.M. Best. Combined ratio for 2001 is an A.M. Best estimate prepared as of January 2002.