XML 40 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Investments    
Fixed maturities, at fair value (amortized cost: 2015—$9,224; 2014—$8,871) $ 9,675 $ 9,460
Equity securities, at fair value (cost: 2015—$2,828; 2014—$2,728) 4,734 4,858
Short-term investments, at fair value (amortized cost: 2015—$75; 2014—$0) 75 0
Other invested assets 67 68
Total investments 14,551 14,386
Cash and cash equivalents 487 591
Investment income receivable 122 123
Finance receivable 68 75
Premiums receivable 1,509 1,405
Reinsurance recoverable 535 545
Prepaid reinsurance premiums 28 29
Deferred policy acquisition costs 600 578
Land, building and equipment, net, for company use (accumulated depreciation: 2015—$457; 2014—$446) 187 194
Other assets 59 75
Separate accounts 742 752
Total assets 18,888 18,753
Insurance reserves    
Loss and loss expense reserves 4,691 4,485
Life policy and investment contract reserves 2,543 2,497
Unearned premiums 2,191 2,082
Other liabilities 635 648
Deferred income tax 717 840
Note payable 49 49
Long-term debt and capital lease obligations 823 827
Separate accounts 742 752
Total liabilities 12,391 12,180
Commitments and contingent liabilities (Note 12) 0 0
Shareholders' Equity    
Common stock, par value—$2 per share; (authorized: 2015 and 2014—500 million shares; issued: 2015 and 2014—198.3 million shares) 397 397
Paid-in capital 1,216 1,214
Retained earnings 4,658 4,505
Accumulated other comprehensive income 1,514 1,744
Treasury stock at cost (2015— 34.3 million shares and 2014—34.6 million shares) (1,288) (1,287)
Total shareholders' equity 6,497 6,573
Total liabilities and shareholders' equity $ 18,888 $ 18,753