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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities at fair value (amortized cost of $39,291 and $38,953, less allowance for credit loss of $43 and $40) $ 43,579 $ 44,631
Equity securities at fair value (cost of $927 and $941) 984 992
Limited partnership investments 1,654 1,619
Other invested assets 77 76
Mortgage loans (less allowance for uncollectible receivables of $26 and $26) 1,043 1,068
Short term investments 1,334 1,907
Total investments 48,671 50,293
Cash 588 419
Reinsurance receivables (less allowance for uncollectible receivables of $22 and $21) 5,111 4,457
Insurance receivables (less allowance for uncollectible receivables of $33 and $33) 2,652 2,607
Accrued investment income 399 380
Deferred acquisition costs 741 708
Deferred income taxes 197 66
Property and equipment at cost (less accumulated depreciation of $243 and $231) 244 252
Goodwill 148 148
Deferred non-insurance warranty acquisition expense 3,149 3,068
Other assets 1,813 1,628
Total assets 63,713 64,026
Insurance reserves:    
Claim and claim adjustment expenses 23,056 22,706
Unearned premiums 5,319 5,119
Future policy benefits 12,772 13,318
Long term debt 2,777 2,776
Deferred non-insurance warranty revenue 4,119 4,023
Other liabilities (includes $130 and $89 due to Loews Corporation) 3,581 3,377
Total liabilities 51,624 51,319
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; 271,644,861 and 271,391,603 shares outstanding) 683 683
Additional paid-in capital 2,194 2,211
Retained earnings 9,084 9,081
Accumulated other comprehensive income 187 803
Treasury stock (1,395,382 and 1,648,640 shares), at cost (59) (71)
Total stockholders’ equity 12,089 12,707
Total liabilities and stockholders' equity $ 63,713 $ 64,026