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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Fixed maturity securities at fair value (amortized cost of $39,311 and $38,170) $ 41,233 $ 42,633
Equity securities at fair value (cost of $179 and $228) 185 249
Limited partnership investments 2,720 2,462
Other invested assets 54 59
Mortgage loans 508 401
Short term investments 1,407 1,832
Total investments 46,107 47,636
Cash 195 156
Reinsurance receivables (less allowance for uncollectible receivables of $71 and $73) 6,017 6,158
Insurance receivables (less allowance for uncollectible receivables of $84 and $101) 1,979 1,882
Accrued investment income 443 434
Deferred acquisition costs 624 598
Deferred income taxes 220 93
Property and equipment at cost (less accumulated depreciation of $365 and $404) 304 326
Goodwill 155 154
Other assets (includes $0 and $4 due from Loews Corporation) 969 773
Separate account business 181 312
Total assets 57,194 58,522
Liabilities    
Claim and claim adjustment expenses 24,089 24,763
Unearned premiums 3,718 3,610
Future policy benefits 10,471 11,475
Policyholders’ funds 116 157
Short term debt 549 13
Long term debt 2,011 2,557
Other liabilities (includes $178 and $0 due to Loews Corporation) 3,408 3,321
Separate account business 181 312
Total liabilities 44,543 46,208
Commitments and contingencies (Notes B, G and L)      
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 269,717,583 and 269,399,390 shares outstanding) 683 683
Additional paid-in capital 2,145 2,146
Retained earnings 9,495 8,774
Accumulated other comprehensive income (loss) 442 831
Treasury stock (3,322,660 and 3,640,853 shares), at cost (91) (99)
Notes receivable for the issuance of common stock (23) (21)
Total stockholders’ equity 12,651 12,314
Total liabilities and stockholders' equity $ 57,194 $ 58,522