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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities at fair value (amortized cost of $38,668 and $38,361) $ 41,749 $ 40,905
Equity securities at fair value (cost of $108 and $106) 118 110
Limited partnership investments 2,380 2,371
Other invested assets 42 36
Mortgage loans 646 591
Short term investments 1,333 1,407
Total investments 46,268 45,420
Cash 225 271
Reinsurance receivables (less allowance for uncollectible receivables of $38 and $37) 4,426 4,416
Insurance receivables (less allowance for uncollectible receivables of $46 and $46) 2,406 2,209
Accrued investment income 406 405
Deferred acquisition costs 647 600
Deferred income taxes 166 379
Property and equipment at cost (less accumulated depreciation of $263 and $254) 336 310
Goodwill 147 145
Other assets 1,178 1,078
Total assets 56,205 55,233
Insurance reserves:    
Claim and claim adjustment expenses 22,179 22,343
Future policy benefits 10,824 10,326
Unearned premiums 4,107 3,762
Short term debt 150 0
Long term debt 2,561 2,710
Other liabilities (includes $28 and $50 due to Loews Corporation) 4,356 4,123
Total liabilities 44,177 43,264
Commitments and contingencies (Notes C and F)
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 270,987,085 and 270,495,998 shares outstanding) 683 683
Additional paid-in capital 2,167 2,173
Retained earnings 9,211 9,359
Accumulated other comprehensive income (loss) 32 (173)
Treasury stock (2,053,158 and 2,544,245 shares), at cost (65) (73)
Total stockholders’ equity 12,028 11,969
Total liabilities and stockholders' equity $ 56,205 $ 55,233