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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities at fair value (amortized cost of $39,952 and $38,953, less allowance for credit loss of $18 and $40) $ 44,380 $ 44,631
Equity securities at fair value (cost of $964 and $941) 1,035 992
Limited partnership investments 1,859 1,619
Other invested assets 91 76
Mortgage loans (less allowance for uncollectible receivables of $16 and $26) 973 1,068
Short term investments 1,990 1,907
Total investments 50,328 50,293
Cash 536 419
Reinsurance receivables (less allowance for uncollectible receivables of $21 and $21) 5,463 4,457
Insurance receivables (less allowance for uncollectible receivables of $29 and $33) 2,945 2,607
Accrued investment income 377 380
Deferred acquisition costs 737 708
Deferred income taxes 142 66
Property and equipment at cost (less accumulated depreciation of $255 and $231) 226 252
Goodwill 148 148
Deferred non-insurance warranty acquisition expense 3,476 3,068
Other assets 2,261 1,628
Total assets 66,639 64,026
Insurance reserves:    
Claim and claim adjustment expenses 24,174 22,706
Unearned premiums 5,761 5,119
Future policy benefits 13,236 13,318
Long term debt 2,779 2,776
Deferred non-insurance warranty revenue 4,503 4,023
Other liabilities (includes $56 and $89 due to Loews Corporation) 3,377 3,377
Total liabilities 53,830 51,319
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; 271,363,999 and 271,391,603 shares outstanding) 683 683
Additional paid-in capital 2,215 2,211
Retained earnings 9,663 9,081
Accumulated other comprehensive income 320 803
Treasury stock (1,676,244 and 1,648,640 shares), at cost (72) (71)
Total stockholders’ equity 12,809 12,707
Total liabilities and stockholders' equity $ 66,639 $ 64,026