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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities at fair value (amortized cost of $38,953 and $38,126, less allowance for credit loss of $40 and $—) $ 44,631 $ 42,207
Equity securities at fair value (cost of $941 and $820) 992 865
Limited partnership investments 1,619 1,752
Other invested assets 76 65
Mortgage Loans on Real Estate, Commercial and Consumer, Net 1,068 994
Short term investments 1,907 1,861
Total investments 50,293 47,744
Cash 419 242
Reinsurance receivables (less allowance for uncollectible receivables of $21 and $25) 4,457 4,179
Insurance receivables (less allowance for uncollectible receivables of $33 and $32) 2,607 2,449
Accrued investment income 380 395
Deferred acquisition costs 708 662
Deferred income taxes 66 199
Property and equipment at cost (less accumulated depreciation of $231 and $215) 252 282
Goodwill 148 147
Deferred non-insurance warranty acquisition expense 3,068 2,840
Other assets (includes $— and $21 due from Loews Corporation) 1,628 1,473
Total assets 64,026 60,612
Insurance reserves:    
Claim and claim adjustment expenses 22,706 21,720
Unearned premiums 5,119 4,583
Future policy benefits 13,318 12,311
Long term debt 2,776 2,679
Deferred non-insurance warranty revenue 4,023 3,779
Other liabilities (includes $89 and $21 due to Loews Corporation) 3,377 3,325
Total liabilities 51,319 48,397
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; 271,391,603 and 271,412,591 shares outstanding) 683 683
Additional paid-in capital 2,211 2,203
Retained earnings 9,081 9,348
Accumulated other comprehensive income 803 51
Treasury stock (1,648,640 and 1,627,652 shares), at cost (71) (70)
Total stockholders’ equity 12,707 12,215
Total liabilities and stockholders' equity $ 64,026 $ 60,612