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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets    
Fixed maturity securities at fair value (amortized cost of $37,212 and $39,311) $ 40,468 $ 41,233
Equity securities at fair value (cost of $175 and $179) 194 185
Limited partnership investments 2,831 2,720
Other invested assets 45 54
Mortgage loans 518 508
Short term investments 2,024 1,407
Total investments 46,080 46,107
Cash 204 195
Reinsurance receivables (less allowance for uncollectible receivables of $65 and $71) 5,050 6,017
Insurance receivables (less allowance for uncollectible receivables of $73 and $84) 2,142 1,979
Accrued investment income 411 443
Deferred acquisition costs 650 624
Deferred income taxes    220
Property and equipment at cost (less accumulated depreciation of $365 and $365) 289 304
Goodwill 156 155
Assets held for sale 3,593   
Other assets 862 969
Separate account business    181
Total assets 59,437 57,194
Liabilities    
Claim and claim adjustment expenses 23,996 24,089
Unearned premiums 3,851 3,718
Future policy benefits 8,696 10,471
Policyholders’ funds 27 116
Short term debt 549 549
Long term debt 2,558 2,011
Deferred income taxes 94   
Liabilities held for sale 3,343   
Other liabilities (includes $68 and $178 due to Loews Corporation) 3,249 3,408
Separate account business    181
Total liabilities 46,363 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; 269,946,268 and 269,717,583 shares outstanding) 683 683
Additional paid-in capital 2,146 2,145
Retained earnings 9,369 9,495
Accumulated other comprehensive income (loss) 962 442
Treasury stock (3,093,975 and 3,322,660 shares), at cost (85) (91)
Notes receivable for the issuance of common stock (1) (23)
Total stockholders’ equity 13,074 12,651
Total liabilities and stockholders' equity $ 59,437 $ 57,194