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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities at fair value (amortized cost of $37,928 and $38,215) $ 39,795 $ 41,487
Equity securities at fair value (cost of $762 and $659) 773  
Equity securities at fair value (cost of $762 and $659)   695
Limited partnership investments 2,363 2,369
Other invested assets 48 44
Mortgage loans 865 839
Short term investments 1,308 1,436
Total investments 45,152 46,870
Cash 288 355
Reinsurance receivables (less allowance for uncollectible receivables of $29 and $29) 4,535 4,261
Insurance receivables (less allowance for uncollectible receivables of $44 and $44) 2,598 2,292
Accrued investment income 396 411
Deferred acquisition costs 673 634
Deferred income taxes 296 137
Property and equipment at cost (less accumulated depreciation of $234 and $274) 347 326
Goodwill 147 148
Other assets (Note A) 3,426 1,133
Total assets 57,858 56,567
Insurance reserves:    
Claim and claim adjustment expenses 21,990 22,004
Unearned premiums 4,410 4,029
Future policy benefits 10,667 11,179
Short term debt 30 150
Long term debt 2,679 2,708
Other liabilities (includes $100 and $143 due to Loews Corporation) (Note A) 6,667 4,253
Total liabilities 46,443 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; 271,391,107 and 271,205,390 shares outstanding) 683 683
Additional paid-in capital 2,179 2,175
Retained earnings 9,216 9,414
Accumulated other comprehensive (loss) income (605) 32
Treasury stock (1,649,136 and 1,834,853 shares), at cost (58) (60)
Total stockholders’ equity 11,415 12,244
Total liabilities and stockholders' equity $ 57,858 $ 56,567