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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturities, amortized cost of $41,899 and $41,102, less allowance for credit loss of $2 and $1 $ 39,349 $ 37,697
Equity securities, cost of $1,082 and $1,161 1,057 1,139
Limited partnership investments 2,011 1,954
Other invested assets, primarily mortgage loans, less allowance for credit loss of $24 and $24 1,093 1,124
Short term investments 4,079 4,854
Total investments 47,589 46,768
Cash 594 532
Receivables 9,416 9,403
Property, plant and equipment 10,098 10,027
Goodwill 346 346
Deferred non-insurance warranty acquisition expenses 3,671 3,671
Deferred acquisition costs of insurance subsidiaries 852 806
Other assets 3,994 4,014
Total assets 76,560 75,567
Insurance reserves:    
Claim and claim adjustment expense 22,409 22,120
Future policy benefits 13,976 13,480
Unearned premiums 6,581 6,374
Total insurance reserves 42,966 41,974
Payable to brokers 220 133
Short term debt 908 854
Long term debt 8,150 8,165
Deferred income taxes 251 243
Deferred non-insurance warranty revenue 4,710 4,714
Other liabilities 4,041 4,283
Total liabilities 61,246 60,366
Commitments and contingent liabilities
Shareholders' equity:    
Preferred stock, $0.10 par value: Authorized – 100,000,000 shares
Common stock, $0.01 par value, Authorized- 1,800,000,000 shares, Issued – 236,270,711 and 236,159,866 shares 2 2
Additional paid-in capital 2,716 2,748
Retained earnings 15,293 14,931
Accumulated other comprehensive loss (3,062) (3,320)
Shareholders' equity before treasury stock, total 14,949 14,361
Less treasury stock, at cost (8,372,525 and 198,875 shares) (498) (12)
Total shareholders’ equity 14,451 14,349
Noncontrolling interests 863 852
Total equity 15,314 15,201
Total liabilities and equity $ 76,560 $ 75,567