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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities at fair value (amortized cost of $40,928 and $39,952, less allowance for credit loss of $17 and $18) $ 41,945 $ 44,380
Equity securities at fair value (cost of $965 and $964) 981 1,035
Limited partnership investments 1,840 1,859
Other invested assets 97 91
Mortgage loans (less allowance for uncollectible receivables of $16 and $16) 942 973
Short term investments 1,301 1,990
Total investments 47,106 50,328
Cash 361 536
Reinsurance receivables (less allowance for uncollectible receivables of $22 and $21) 5,505 5,463
Insurance receivables (less allowance for uncollectible receivables of $28 and $29) 2,892 2,945
Accrued investment income 398 377
Deferred acquisition costs 766 737
Deferred income taxes 547 142
Property and equipment at cost (less accumulated depreciation of $264 and $255) 225 226
Goodwill 147 148
Deferred non-insurance warranty acquisition expense 3,504 3,476
Other assets 2,341 2,261
Total assets 63,792 66,639
Insurance reserves:    
Claim and claim adjustment expenses 24,348 24,174
Unearned premiums 5,942 5,761
Future policy benefits 11,938 13,236
Long term debt 2,779 2,779
Deferred non-insurance warranty revenue 4,528 4,503
Other liabilities (includes $85 and $56 due to Loews Corporation) 3,440 3,377
Total liabilities 52,975 53,830
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; 271,293,966 and 271,363,999 shares outstanding) 683 683
Additional paid-in capital 2,195 2,215
Retained earnings 9,319 9,663
Accumulated other comprehensive (loss) income (1,303) 320
Treasury stock (1,746,277 and 1,676,244 shares), at cost (77) (72)
Total stockholders’ equity 10,817 12,809
Total liabilities and stockholders' equity $ 63,792 $ 66,639