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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities at fair value (amortized cost of $37,991and $38,215) $ 40,259 $ 41,487
Equity securities at fair value (cost of $749 and $659) 770 695
Limited partnership investments 2,364 2,369
Other invested assets 48 44
Mortgage loans 864 839
Short term investments 1,230 1,436
Total investments 45,535 46,870
Cash 282 355
Reinsurance receivables (less allowance for uncollectible receivables of $29 and $29) 4,408 4,261
Insurance receivables (less allowance for uncollectible receivables of $43 and $44) 2,371 2,292
Accrued investment income 414 411
Deferred acquisition costs 665 634
Deferred income taxes 238 137
Property and equipment at cost (less accumulated depreciation of $253 and $274) 346 326
Goodwill 149 148
Other assets 3,241 1,133
Total assets 57,649 56,567
Insurance reserves:    
Claim and claim adjustment expenses 22,067 22,004
Unearned premiums 4,256 4,029
Future policy benefits 10,783 11,179
Short term debt 30 150
Long term debt 2,679 2,708
Other liabilities (includes $147 and $143 due to Loews Corporation) 6,409 4,253
Total liabilities 46,224 44,323
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; 271,371,607 and 271,205,390 shares outstanding) 683 683
Additional paid-in capital 2,173 2,175
Retained earnings 9,028 9,414
Accumulated other comprehensive (loss) income (400) 32
Treasury stock (1,668,636 and 1,834,853 shares), at cost (59) (60)
Total stockholders’ equity 11,425 12,244
Total liabilities and stockholders' equity $ 57,649 $ 56,567