Financial Highlights (dollars in millions, except share data)  2010  2009  2008 Operating data Premiums earned $  3,987 $  3,869 $  3,834  Net investment income 433 433 438  Realized gains (losses) on investments  307 286 (1,597)  Equity in earnings (losses) of limited partnerships 128 (369) (58)  Other income 35 36 34  Total revenues 4,890 4,255 2,651  Net income (loss) 660 446 (616)  Less: Net income (loss) attributable to  noncontrolling interest in consolidated entity—Exchange 498 338 (685)  Net income attributable to Indemnity 162 108 69 Per share data attributable to Indemnity: Net income per Class A share—diluted $  2.85 $  1.89 $  1.19 Book value per share–Class A common and equivalent B shares 16.24 15.74 13.79  Dividends declared per Class A share 1.955 1.83 1.77 Dividends declared per Class B share 293.25 274.50 265.50 Financial ratios: Management fee rate  25.00% 25.00% 25.00%  Gross margin from management operations 19.4 18.7 17.6  Statutory combined ratio 99.0  96.9  93.3  Financial position data: Total assets $  14,344 $  13,287 $  12,505 Less: Total assets attributable to noncontrolling  interest in consolidated entity—Exchange  (1) 13,369 11,876 11,101  Total assets attributable to Indemnity  (1) 975  1,411  1,404 Total equity 6,334  5,725 $^{(2)}$ 4,759  Less: Noncontrolling interest in consolidated entity—Exchange 5,422  4,823 $^{(2)}$ 3,967  Total equity attributable to Indemnity 912  902 $^{(2)}$ 792  (3) Treasury stock attributable to Indemnity 872  814  811  Shares repurchased and held in treasury 1,148,967  91,420  2,056,044 Weighted average Class A common and equivalent shares outstanding attributable to Indemnity 56,884,894  57,428,999  58,003,976  (1) The total assets attributable to the Exchange, or noncontrolling interest,  and the total assets attributable to the Indemnity shareholder interest  are presented with intercompany payables/receivables eliminated.  (2) On April 1, 2009, we adopted the accounting guidance related to  non-credit other-than-temporary impairments for our debt security  portfolio. The net impact of the cumulative e ff ect adjustment on April 1, 2009, increased retained earnings and reduced other  comprehensive income by $6 million, net of tax, related to the  Indemnity shareholder interest and by $95 million, net of tax, related  to the Exchange, or noncontrolling interest, resulting in no e ff ect on  shareholder’s equity. (3) On January 1, 2008, we adopted the fair value option for our common  stock portfolio. The net impact of the cumulative e ff ect adjustment  increased retained earnings and reduced other comprehensive income  by $11 million, net of tax, relating to the Indemnity shareholder interest  resulting in no e ff ect on shareholder’s equity. 7 2009 $1.89 2008 $1.19 2010 $2.85 2008 $1.77 2009 $1.83 2010 $1.955 Net income per Class A share–diluted Dividends declared per Class A share