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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities at fair value (amortized cost of $42,366 and $41,032, less allowance for credit loss of $18 and $1) $ 37,856 $ 37,627 [1]
Equity securities at fair value (cost of $712 and $703) 692 674 [1]
Limited partnership investments 2,074 1,926 [1]
Other invested assets 69 78 [1]
Mortgage loans (less allowance for uncollectible receivables of $35 and $24) 995 1,040 [1]
Short term investments 1,961 1,832 [1]
Total investments 43,647 43,177 [1]
Cash 485 475 [1]
Reinsurance receivables (less allowance for uncollectible receivables of $22 and $22) 5,447 5,416 [1]
Insurance receivables (less allowance for uncollectible receivables of $29 and $29) 3,211 3,158 [1]
Accrued investment income 441 402 [1]
Deferred acquisition costs 880 806 [1]
Deferred income taxes 1,277 1,251 [1]
Property and equipment at cost (less accumulated depreciation of $287 and $280) 257 226 [1]
Goodwill 145 144 [1]
Deferred non-insurance warranty acquisition expense 3,688 3,671 [1]
Other assets (includes $20 and $18 due from Loews Corporation) 2,474 2,274 [1]
Total assets 61,952 61,000 [1]
Insurance reserves:    
Claim and claim adjustment expenses 22,836 22,120 [1]
Unearned premiums 6,789 6,374 [1]
Future policy benefits 12,654 13,480 [1]
Short term debt 793 243 [1]
Long term debt 2,480 2,538 [1]
Deferred non-insurance warranty revenue 4,736 4,714 [1]
Other liabilities (includes $20 and $26 due to Loews Corporation) 3,101 2,983 [1]
Total liabilities 53,389 52,452 [1]
Commitments and contingencies (Notes C and G) [1]  
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 270,865,467 and 270,895,902 shares outstanding) 683 683 [1]
Additional paid-in capital 2,213 2,220 [1]
Retained earnings 9,503 9,336 [1]
Accumulated other comprehensive loss (3,741) (3,598) [1]
Treasury stock (2,174,776 and 2,144,341 shares), at cost (95) (93) [1]
Total stockholders’ equity 8,563 8,548 [1]
Total liabilities and stockholders' equity $ 61,952 $ 61,000 [1]
[1] As of January 1, 2023, the Company adopted ASU 2018-12 using the modified retrospective method applied as of the transition date of January 1, 2021. Prior period amounts in the financial statements have been adjusted to reflect application of the new guidance. See Note A to the Condensed Consolidated Financial Statements for additional information.