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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities at fair value (amortized cost of $39,826 and $38,953, less allowance for credit loss of $45 and $40) $ 44,910 $ 44,631
Equity securities at fair value (cost of $955 and $941) 1,033 992
Limited partnership investments 1,781 1,619
Other invested assets 70 76
Mortgage loans (less allowance for uncollectible receivables of $26 and $26) 1,006 1,068
Short term investments 1,465 1,907
Total investments 50,265 50,293
Cash 462 419
Reinsurance receivables (less allowance for uncollectible receivables of $22 and $21) 5,198 4,457
Insurance receivables (less allowance for uncollectible receivables of $34 and $33) 2,954 2,607
Accrued investment income 383 380
Deferred acquisition costs 721 708
Deferred income taxes 121 66
Property and equipment at cost (less accumulated depreciation of $252 and $231) 234 252
Goodwill 148 148
Deferred non-insurance warranty acquisition expense 3,305 3,068
Other assets 2,416 1,628
Total assets 66,207 64,026
Insurance reserves:    
Claim and claim adjustment expenses 23,480 22,706
Unearned premiums 5,592 5,119
Future policy benefits 13,285 13,318
Long term debt 2,777 2,776
Deferred non-insurance warranty revenue 4,309 4,023
Other liabilities (includes $74 and $89 due to Loews Corporation) 4,096 3,377
Total liabilities 53,539 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; 271,349,927 and 271,391,603 shares outstanding) 683 683
Additional paid-in capital 2,201 2,211
Retained earnings 9,348 9,081
Accumulated other comprehensive income 509 803
Treasury stock (1,690,316 and 1,648,640 shares), at cost (73) (71)
Total stockholders’ equity 12,668 12,707
Total liabilities and stockholders' equity $ 66,207 $ 64,026