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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Fixed maturity securities at fair value (amortized cost of $38,928 and $38,170) $ 41,431 $ 42,633
Equity securities at fair value (cost of $185 and $228) 199 249
Limited partnership investments 2,665 2,462
Other invested assets 36 59
Mortgage loans 437 401
Short term investments 1,531 1,832
Total investments 46,299 47,636
Cash 121 156
Reinsurance receivables (less allowance for uncollectible receivables of $71 and $73) 5,970 6,158
Insurance receivables (less allowance for uncollectible receivables of $94 and $101) 2,133 1,882
Accrued investment income 446 434
Deferred acquisition costs 650 598
Deferred income taxes 315 93
Property and equipment at cost (less accumulated depreciation of $379 and $404) 327 326
Goodwill 152 154
Other assets (includes $0 and $4 due from Loews Corporation) 907 773
Separate account business 247 312
Total assets 57,567 58,522
Liabilities    
Claim and claim adjustment expenses 24,339 24,763
Unearned premiums 3,869 3,610
Future policy benefits 10,787 11,475
Policyholders’ funds 133 157
Short term debt 13 13
Long term debt 2,558 2,557
Other liabilities (includes $65 and $0 due to Loews Corporation) 3,677 3,321
Separate account business 247 312
Total liabilities 45,623 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; 269,697,889 and 269,399,390 shares outstanding) 683 683
Additional paid-in capital 2,140 2,146
Retained earnings 9,110 8,774
Accumulated other comprehensive income (loss) 126 831
Treasury stock (3,342,354 and 3,640,853 shares), at cost (91) (99)
Notes receivable for the issuance of common stock (24) (21)
Total stockholders’ equity 11,944 12,314
Total liabilities and stockholders' equity $ 57,567 $ 58,522