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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Assets    
Fixed maturity securities at fair value (amortized cost of $38,533 and $38,170) $ 42,799 $ 42,633
Equity securities at fair value (cost of $177 and $228) 201 249
Limited partnership investments 2,564 2,462
Other invested assets 49 59
Mortgage loans 425 401
Short term investments 1,555 1,832
Total investments 47,593 47,636
Cash 123 156
Reinsurance receivables (less allowance for uncollectible receivables of $71 and $73) 6,066 6,158
Insurance receivables (less allowance for uncollectible receivables of $98 and $101) 1,974 1,882
Accrued investment income 476 434
Deferred acquisition costs 641 598
Deferred income taxes 21 93
Property and equipment at cost (less accumulated depreciation of $406 and $404) 323 326
Goodwill 151 154
Other assets (includes $0 and $4 due from Loews Corporation) 1,080 773
Separate account business 279 312
Total assets 58,727 58,522
Liabilities    
Claim and claim adjustment expenses 24,511 24,763
Unearned premiums 3,759 3,610
Future policy benefits 11,469 11,475
Policyholders’ funds 154 157
Short term debt 13 13
Long term debt 2,558 2,557
Other liabilities (includes $1 and $0 due to Loews Corporation) 3,579 3,321
Separate account business 279 312
Total liabilities 46,322 46,208
Commitments and contingencies (Notes C, G and J)      
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 269,681,511 and 269,399,390 shares outstanding) 683 683
Additional paid-in capital 2,138 2,146
Retained earnings 8,969 8,774
Accumulated other comprehensive income (loss) 727 831
Treasury stock (3,358,732 and 3,640,853 shares), at cost (92) (99)
Notes receivable for the issuance of common stock (20) (21)
Total stockholders’ equity 12,405 12,314
Total liabilities and stockholders' equity $ 58,727 $ 58,522