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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities at fair value (amortized cost of $38,052 and $38,215) $ 39,628 $ 41,487
Equity securities at fair value (cost of $784 and $659) 795  
Equity securities at fair value (cost of $784 and $659)   695
Limited partnership investments 2,297 2,369
Other invested assets 51 44
Mortgage loans 868 839
Short term investments 1,290 1,436
Total investments 44,929 46,870
Cash 310 355
Reinsurance receivables (less allowance for uncollectible receivables of $29 and $29) 4,224 4,261
Insurance receivables (less allowance for uncollectible receivables of $46 and $44) 2,354 2,292
Accrued investment income 406 411
Deferred acquisition costs 654 634
Deferred income taxes 314 137
Property and equipment at cost (less accumulated depreciation of $208 and $274) 332 326
Goodwill 147 148
Other assets (Note A) 3,589 1,133
Total assets 57,259 56,567
Insurance reserves:    
Claim and claim adjustment expenses 21,604 22,004
Unearned premiums 4,289 4,029
Future policy benefits 10,605 11,179
Short term debt 0 150
Long term debt 2,680 2,708
Other liabilities (includes $52 and $143 due to Loews Corporation) (Note A) 6,571 4,253
Total liabilities 45,749 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; 271,410,714 and 271,205,390 shares outstanding) 683 683
Additional paid-in capital 2,186 2,175
Retained earnings 9,456 9,414
Accumulated other comprehensive (loss) income (757) 32
Treasury stock (1,629,529 and 1,834,853 shares), at cost (58) (60)
Total stockholders’ equity 11,510 12,244
Total liabilities and stockholders' equity $ 57,259 $ 56,567