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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities at fair value (amortized cost of $41,032 and $39,952, less allowance for credit loss of $1 and $18) $ 37,627 $ 44,380
Equity securities at fair value (cost of $703 and $964) 674 1,035
Limited partnership investments 1,926 1,859
Other invested assets 78 91
Mortgage loans (less allowance for uncollectible receivables of $24 and $16) 1,040 973
Short term investments 1,832 1,990
Total investments 43,177 50,328
Cash 475 536
Reinsurance receivables (less allowance for uncollectible receivables of $22 and $21) 5,416 5,463
Insurance receivables (less allowance for uncollectible receivables of $29 and $29) 3,158 2,945
Accrued investment income 402 377
Deferred acquisition costs 806 737
Deferred income taxes 1,178 142
Property and equipment at cost (less accumulated depreciation of $280 and $255) 226 226
Goodwill 144 148
Deferred non-insurance warranty acquisition expense 3,671 3,476
Other assets (includes $18 and $ - due from Loews Corporation) 2,274 2,261
Total assets 60,927 66,639
Insurance reserves:    
Claim and claim adjustment expenses 25,099 24,174
Unearned premiums 6,374 5,761
Future policy benefits 10,151 13,236
Short term debt 243 0
Long term debt 2,538 2,779
Deferred non-insurance warranty revenue 4,714 4,503
Other liabilities (includes $26 and $56 due to Loews Corporation) 2,983 3,377
Total liabilities 52,102 53,830
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; 270,895,902 and 271,363,999 shares outstanding) 683 683
Additional paid-in capital 2,220 2,215
Retained earnings 9,572 9,663
Accumulated other comprehensive (loss) income (3,557) 320
Treasury stock (2,144,341 and 1,676,244 shares), at cost (93) (72)
Total stockholders’ equity 8,825 12,809
Total liabilities and stockholders' equity $ 60,927 $ 66,639