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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets    
Fixed maturity securities at fair value (amortized cost of $36,913 and $39,311) $ 39,415 $ 41,233
Equity securities at fair value (cost of $163 and $179) 174 185
Limited partnership investments 2,799 2,720
Other invested assets 55 54
Mortgage loans 495 508
Short term investments 2,070 1,407
Total investments 45,008 46,107
Cash 206 195
Reinsurance receivables (less allowance for uncollectible receivables of $65 and $71) 5,034 6,017
Insurance receivables (less allowance for uncollectible receivables of $82 and $84) 2,050 1,979
Accrued investment income 437 443
Deferred acquisition costs 652 624
Deferred income taxes 48 220
Property and equipment at cost (less accumulated depreciation of $367 and $365) 293 304
Goodwill 155 155
Assets held for sale 3,486   
Other assets 855 969
Separate account business    181
Total assets 58,224 57,194
Liabilities    
Claim and claim adjustment expenses 23,933 24,089
Unearned premiums 3,838 3,718
Future policy benefits 8,254 10,471
Policyholders’ funds 26 116
Short term debt 549 549
Long term debt 2,558 2,011
Liabilities held for sale 3,250   
Other liabilities (includes $3 and $178 due to Loews Corporation) 3,234 3,408
Separate account business    181
Total liabilities 45,642 44,543
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; 269,923,905 and 269,717,583 shares outstanding) 683 683
Additional paid-in capital 2,144 2,145
Retained earnings 9,170 9,495
Accumulated other comprehensive income (loss) 692 442
Treasury stock (3,116,338 and 3,322,660 shares), at cost (85) (91)
Notes receivable for the issuance of common stock (22) (23)
Total stockholders’ equity 12,582 12,651
Total liabilities and stockholders' equity $ 58,224 $ 57,194