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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Assets    
Fixed maturity securities at fair value (amortized cost of $39,129 and $38,170) $ 41,274 $ 42,633
Equity securities at fair value (cost of $189 and $228) 199 249
Limited partnership investments 2,790 2,462
Other invested assets 55 59
Mortgage loans 440 401
Short term investments 1,475 1,832
Total investments 46,233 47,636
Cash 185 156
Reinsurance receivables (less allowance for uncollectible receivables of $72 and $73) 5,731 6,158
Insurance receivables (less allowance for uncollectible receivables of $90 and $101) 1,993 1,882
Accrued investment income 482 434
Deferred acquisition costs 642 598
Deferred income taxes 331 93
Property and equipment at cost (less accumulated depreciation of $358 and $404) 334 326
Goodwill 154 154
Other assets (includes $0 and $4 due from Loews Corporation) 889 773
Separate account business 213 312
Total assets 57,187 58,522
Liabilities    
Claim and claim adjustment expenses 23,962 24,763
Unearned premiums 3,820 3,610
Future policy benefits 10,681 11,475
Policyholders’ funds 127 157
Short term debt    13
Long term debt 2,559 2,557
Other liabilities (includes $129 and $0 due to Loews Corporation) 3,672 3,321
Separate account business 213 312
Total liabilities 45,034 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; 269,701,999 and 269,399,390 shares outstanding) 683 683
Additional paid-in capital 2,142 2,146
Retained earnings 9,328 8,774
Accumulated other comprehensive income (loss) 113 831
Treasury stock (3,338,244 and 3,640,853 shares), at cost (91) (99)
Notes receivable for the issuance of common stock (22) (21)
Total stockholders’ equity 12,153 12,314
Total liabilities and stockholders' equity $ 57,187 $ 58,522