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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities at fair value (amortized cost of $38,392 and $38,126, less allowance for credit loss of $51 and $-) $ 42,775 $ 42,207
Equity securities at fair value (cost of $889 and $820) 859 865
Limited partnership investments 1,558 1,752
Other invested assets 65 65
Mortgage loans (less allowance for uncollectible receivables of $20 and $-) 1,042 994
Short term investments 1,458 1,861
Total investments 47,757 47,744
Cash 586 242
Reinsurance receivables (less allowance for uncollectible receivables of $24 and $25) 4,435 4,179
Insurance receivables (less allowance for uncollectible receivables of $33 and $32) 2,755 2,449
Accrued investment income 382 395
Deferred acquisition costs 699 662
Deferred income taxes 195 199
Property and equipment at cost (less accumulated depreciation of $211 and $215) 264 282
Goodwill 145 147
Deferred non-insurance warranty acquisition expense 2,916 2,840
Other assets (includes $- and $21 due from Loews Corporation) 1,961 1,473
Total assets 62,095 60,612
Insurance reserves:    
Claim and claim adjustment expenses 22,270 21,720
Unearned premiums 4,996 4,583
Future policy benefits 12,596 12,311
Long term debt 2,680 2,679
Deferred non-insurance warranty revenue 3,852 3,779
Other liabilities (includes $14 and $21 due to Loews Corporation) 4,056 3,325
Total liabilities 50,450 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; 271,377,196 and 271,412,591 shares outstanding) 683 683
Additional paid-in capital 2,196 2,203
Retained earnings 8,683 9,348
Accumulated other comprehensive income 154 51
Treasury stock (1,663,047 and 1,627,652 shares), at cost (71) (70)
Total stockholders’ equity 11,645 12,215
Total liabilities and stockholders' equity $ 62,095 $ 60,612