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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities at fair value (amortized cost of $38,126 and $38,085) $ 42,207 $ 39,546
Equity securities at fair value (cost of $820 and $844) 865 780
Limited partnership investments 1,752 1,982
Other invested assets 65 53
Mortgage loans 994 839
Short term investments 1,861 1,286
Total investments 47,744 44,486
Cash 242 310
Reinsurance receivables (less allowance for uncollectible receivables of $25 and $29) 4,179 4,426
Insurance receivables (less allowance for uncollectible receivables of $32 and $42) 2,449 2,323
Accrued investment income 395 391
Deferred acquisition costs 662 633
Deferred income taxes 199 392
Property and equipment at cost (less accumulated depreciation of $215 and $216) 282 324
Goodwill 147 146
Deferred non-insurance warranty acquisition expense 2,840 2,513
Other assets (includes $21 and $8 due from Loews Corporation) 1,473 1,208
Total assets 60,612 57,152
Insurance reserves:    
Claim and claim adjustment expenses 21,720 21,984
Unearned premiums 4,583 4,183
Future policy benefits 12,311 10,597
Long term debt 2,679 2,680
Deferred non-insurance warranty revenue 3,779 3,402
Other liabilities (includes $21 and $23 due to Loews Corporation) 3,325 3,089
Total liabilities 48,397 45,935
Commitments and contingencies (Notes B and F)  
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 271,412,591 and 271,456,978 shares outstanding) 683 683
Additional paid-in capital 2,203 2,192
Retained earnings 9,348 9,277
Accumulated other comprehensive income (loss) 51 (878)
Treasury stock (1,627,652 and 1,583,265 shares), at cost (70) (57)
Total stockholders’ equity 12,215 11,217
Total liabilities and stockholders' equity $ 60,612 $ 57,152