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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Assets    
Fixed maturity securities at fair value (amortized cost of $37,271 and $37,253) $ 40,252 $ 39,572
Equity securities at fair value (cost of $182 and $191) 189 197
Limited partnership investments 2,562 2,548
Other invested assets 45 44
Mortgage loans 675 678
Short term investments 1,648 1,660
Total investments 45,371 44,699
Cash 242 387
Reinsurance receivables (less allowance for uncollectible receivables of $38 and $38) 4,692 4,453
Insurance receivables (less allowance for uncollectible receivables of $50 and $51) 2,151 2,078
Accrued investment income 426 404
Deferred acquisition costs 622 598
Deferred income taxes 461 638
Property and equipment at cost (less accumulated depreciation of $214 and $382) 263 343
Goodwill 150 150
Other assets (includes $66 and $0 due from Loews Corporation) 1,124 1,295
Total assets 55,502 55,045
Liabilities    
Claim and claim adjustment expenses 23,018 22,663
Unearned premiums 3,807 3,671
Future policy benefits 10,500 10,152
Short term debt 0 350
Long term debt 2,708 2,210
Other liabilities (includes $7 and $82 due to Loews Corporation) 3,999 4,243
Total liabilities 44,032 43,289
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 270,479,961 and 270,274,361 shares outstanding) 683 683
Additional paid-in capital 2,146 2,153
Retained earnings 8,770 9,313
Accumulated other comprehensive income (loss) (56) (315)
Treasury stock (2,560,282 and 2,765,882 shares), at cost (73) (78)
Total stockholders’ equity 11,470 11,756
Total liabilities and stockholders' equity $ 55,502 $ 55,045