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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities at fair value (amortized cost of $38,814 and $38,361) $ 42,090 $ 40,905
Equity securities at fair value (cost of $118 and $106) 129 110
Limited partnership investments 2,311 2,371
Other invested assets 42 36
Mortgage loans 722 591
Short term investments 1,453 1,407
Total investments 46,747 45,420
Cash 283 271
Reinsurance receivables (less allowance for uncollectible receivables of $37 and $37) 4,332 4,416
Insurance receivables (less allowance for uncollectible receivables of $46 and $46) 2,294 2,209
Accrued investment income 436 405
Deferred acquisition costs 643 600
Deferred income taxes 141 379
Property and equipment at cost (less accumulated depreciation of $275 and $254) 325 310
Goodwill 147 145
Other assets 1,234 1,078
Total assets 56,582 55,233
Insurance reserves:    
Claim and claim adjustment expenses 22,209 22,343
Unearned premiums 4,060 3,762
Future policy benefits 11,040 10,326
Short term debt 150 0
Long term debt 2,707 2,710
Other liabilities (includes $25 and $50 due to Loews Corporation) 4,247 4,123
Total liabilities 44,413 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; 271,176,870 and 270,495,998 shares outstanding) 683 683
Additional paid-in capital 2,167 2,173
Retained earnings 9,273 9,359
Accumulated other comprehensive income (loss) 107 (173)
Treasury stock (1,863,373 and 2,544,245 shares), at cost (61) (73)
Total stockholders’ equity 12,169 11,969
Total liabilities and stockholders' equity $ 56,582 $ 55,233