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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Fixed maturity securities at fair value (amortized cost of $37,510 and $39,311) $ 40,700 $ 41,233
Equity securities at fair value (cost of $197 and $179) 211 185
Limited partnership investments 2,931 2,720
Other invested assets 44 54
Mortgage loans 556 508
Short term investments 1,878 1,407
Total investments 46,320 46,107
Cash 247 195
Reinsurance receivables (less allowance for uncollectible receivables of $49 and $71) 4,801 6,017
Insurance receivables (less allowance for uncollectible receivables of $67 and $84) 1,962 1,979
Accrued investment income 442 443
Deferred acquisition costs 627 624
Deferred income taxes    220
Property and equipment at cost (less accumulated depreciation of $362 and $365) 287 304
Goodwill 154 155
Other assets 891 969
Separate account business    181
Total assets 55,731 57,194
Liabilities    
Claim and claim adjustment expenses 23,475 24,089
Unearned premiums 3,703 3,718
Future policy benefits 8,890 10,471
Policyholders’ funds 27 116
Short term debt 549 549
Long term debt 2,559 2,011
Deferred income taxes 59   
Other liabilities (includes $91 and $178 due to Loews Corporation) 3,435 3,408
Separate account business    181
Total liabilities 42,697 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; 269,947,912 and 269,717,583 shares outstanding) 683 683
Additional paid-in capital 2,149 2,145
Retained earnings 9,515 9,495
Accumulated other comprehensive income (loss) 773 442
Treasury stock (3,092,331 and 3,322,660 shares), at cost (85) (91)
Notes receivable for the issuance of common stock (1) (23)
Total stockholders’ equity 13,034 12,651
Total liabilities and stockholders' equity $ 55,731 $ 57,194