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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Assets    
Fixed maturity securities at fair value (amortized cost of $37,838 and $37,253) $ 41,857 $ 39,572
Equity securities at fair value (cost of $117 and $191) 123 197
Limited partnership investments 2,542 2,548
Other invested assets 33 44
Mortgage loans 610 678
Short term investments 1,384 1,660
Total investments 46,549 44,699
Cash 289 387
Reinsurance receivables (less allowance for uncollectible receivables of $37 and $38) 4,683 4,453
Insurance receivables (less allowance for uncollectible receivables of $45 and $51) 2,368 2,078
Accrued investment income 400 404
Deferred acquisition costs 620 598
Deferred income taxes 293 638
Property and equipment at cost (less accumulated depreciation of $224 and $382) 276 343
Goodwill 147 150
Other assets (includes $2 and $0 due from Loews Corporation) 1,281 1,295
Total assets 56,906 55,045
Liabilities    
Claim and claim adjustment expenses 22,975 22,663
Unearned premiums 3,865 3,671
Future policy benefits 11,140 10,152
Short term debt 0 350
Long term debt 2,708 2,210
Other liabilities (includes $12 and $82 due to Loews Corporation) 4,332 4,243
Total liabilities 45,020 43,289
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 273,040,243 and 270,274,361 shares outstanding) 683 683
Additional paid-in capital 2,155 2,153
Retained earnings 8,911 9,313
Accumulated other comprehensive income (loss) 210 (315)
Treasury stock (2,557,079 and 2,765,882 shares), at cost (73) (78)
Total stockholders’ equity 11,886 11,756
Total liabilities and stockholders' equity $ 56,906 $ 55,045