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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities at fair value (amortized cost of $40,342 and $38,953, less allowance for credit loss of $31 and $40) $ 45,069 $ 44,631
Equity securities at fair value (cost of $976 and $941) 1,045 992
Limited partnership investments 1,874 1,619
Other invested assets 82 76
Mortgage loans (less allowance for uncollectible receivables of $26 and $26) 1,031 1,068
Short term investments 1,135 1,907
Total investments 50,236 50,293
Cash 625 419
Reinsurance receivables (less allowance for uncollectible receivables of $21 and $21) 5,328 4,457
Insurance receivables (less allowance for uncollectible receivables of $30 and $33) 2,799 2,607
Accrued investment income 397 380
Deferred acquisition costs 721 708
Deferred income taxes 135 66
Property and equipment at cost (less accumulated depreciation of $257 and $231) 234 252
Goodwill 148 148
Deferred non-insurance warranty acquisition expense 3,418 3,068
Other assets 2,481 1,628
Total assets 66,522 64,026
Insurance reserves:    
Claim and claim adjustment expenses 23,832 22,706
Unearned premiums 5,577 5,119
Future policy benefits 13,198 13,318
Long term debt 2,778 2,776
Deferred non-insurance warranty revenue 4,443 4,023
Other liabilities (includes $31 and $89 due to Loews Corporation) 4,030 3,377
Total liabilities 53,858 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; 271,356,177 and 271,391,603 shares outstanding) 683 683
Additional paid-in capital 2,208 2,211
Retained earnings 9,500 9,081
Accumulated other comprehensive income 346 803
Treasury stock (1,684,066 and 1,648,640 shares), at cost (73) (71)
Total stockholders’ equity 12,664 12,707
Total liabilities and stockholders' equity $ 66,522 $ 64,026