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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities at fair value (amortized cost of $38,034 and $38,126, less allowance for credit loss of $49 and $-) $ 40,098 $ 42,207
Equity securities at fair value (cost of $936 and $820) 799 865
Limited partnership investments 1,509 1,752
Other invested assets 63 65
Mortgage loans (less allowance for uncollectible receivables of $20 and $-) 1,021 994
Short term investments 596 1,861
Total investments 44,086 47,744
Cash 857 242
Reinsurance receivables (less allowance for uncollectible receivables of $23 and $25) 4,328 4,179
Insurance receivables (less allowance for uncollectible receivables of $30 and $32) 2,502 2,449
Accrued investment income 402 395
Deferred acquisition costs 683 662
Deferred income taxes 518 199
Property and equipment at cost (less accumulated depreciation of $224 and $215) 271 282
Goodwill 145 147
Deferred non-insurance warranty acquisition expense 2,905 2,840
Other assets (includes $15 and $21 due from Loews Corporation) 1,708 1,473
Total assets 58,405 60,612
Insurance reserves:    
Claim and claim adjustment expenses 21,872 21,720
Unearned premiums 4,745 4,583
Future policy benefits 11,734 12,311
Long term debt 2,680 2,679
Deferred non-insurance warranty revenue 3,848 3,779
Other liabilities (includes $7 and $21 due to Loews Corporation) 3,164 3,325
Total liabilities 48,043 48,397
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; 271,370,988 and 271,412,591 shares outstanding) 683 683
Additional paid-in capital 2,187 2,203
Retained earnings 8,634 9,348
Accumulated other comprehensive (loss) income (1,070) 51
Treasury stock (1,669,255 and 1,627,652 shares), at cost (72) (70)
Total stockholders’ equity 10,362 12,215
Total liabilities and stockholders' equity $ 58,405 $ 60,612