Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Assets
Fixed maturity securities at fair value (amortized cost of $37,253 and $37,335)	$ 39,572	$ 40,768
Equity securities at fair value (cost of $191 and $210)	197	222
Limited partnership investments	2,548	2,937
Other invested assets	44	41
Mortgage loans	678	588
Short term investments	1,660	1,706
Total investments	44,699	46,262
Cash	387	190
Reinsurance receivables (less allowance for uncollectible receivables of $38 and $48)	4,453	4,694
Insurance receivables (less allowance for uncollectible receivables of $51 and $61)	2,078	1,936
Accrued investment income	404	405
Deferred acquisition costs	598	600
Deferred income taxes	638	191
Property and equipment at cost (less accumulated depreciation of $382 and $364)	343	295
Goodwill	150	152
Other assets	1,297	841
Total assets	55,047	55,566
Liabilities
Claim and claim adjustment expenses	22,663	23,271
Unearned premiums	3,671	3,592
Future policy benefits	10,152	9,490
Policyholders’ funds	0	27
Short term debt	350	0
Long term debt	2,212	2,559
Other liabilities (includes $82 and $153 due to Loews Corporation)	4,243	3,833
Total liabilities	43,291	42,772
Stockholders' Equity
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 270,274,361 and 269,980,202 shares outstanding)	683	683
Additional paid-in capital	2,153	2,151
Retained earnings	9,313	9,645
Accumulated other comprehensive income (loss)	(315)	400
Treasury stock (2,765,882 and 3,060,041 shares), at cost	(78)	(84)
Notes receivable for the issuance of common stock	0	(1)
Total stockholders’ equity	11,756	12,794
Total liabilities and stockholders' equity	$ 55,047	$ 55,566