XML 88 R121.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidating Financial Statements (Details) - Consolidating Balance Sheet (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Consolidating Balance Sheet      
Fixed maturities, at fair value $ 68,134 $ 63,464  
Equity securities, at fair value 425 368  
Real estate investments 963 904  
Short-term securities 4,943 3,985  
Other investments 3,419 3,557  
Total investments 77,884 72,278  
Cash 494 373  
Investment income accrued 618 624  
Premiums receivable 7,909 7,506  
Reinsurance recoverables 8,235 8,370  
Ceded unearned premiums 689 578  
Deferred acquisition costs 2,273 2,120  
Deferred taxes 0 445  
Contractholder receivables 4,619 4,785  
Goodwill 3,961 3,937  
Other intangible assets 330 345  
Investment in subsidiaries 0 0  
Other assets 3,110 2,872  
Total assets 110,122 104,233  
Claims and claim adjustment expense reserves 51,849 50,668  
Unearned premium reserves 14,604 13,555  
Contractholder payables 4,619 4,785  
Payables for reinsurance premiums 363 289  
Deferred taxes 137 0  
Debt 6,558 6,564  
Other liabilities 6,049 5,478  
Total liabilities 84,179 81,339  
Common stock 23,469 23,144  
Additional paid-in capital 0 0  
Retained earnings 36,977 35,204  
Accumulated other comprehensive income (loss) 640 (1,859)  
Treasury stock, at cost (35,143) (33,595)  
Total shareholders’ equity 25,943 22,894 $ 23,731
Total liabilities and shareholders’ equity 110,122 104,233  
Fixed maturities, available for sale, amortized cost 65,281 63,601  
Equity securities, cost $ 376 $ 382  
Common stock, shares authorized (in shares) 1,750,000,000 1,750,000,000  
Common stock, shares issued (in shares) 255,500,000 263,700,000  
Common stock, shares outstanding (in shares) 255,500,000 263,600,000  
Treasury stock, at cost, shares (in shares) 522,100,000 510,900,000  
TRV [Member]      
Consolidating Balance Sheet      
Fixed maturities, at fair value $ 91 $ 84  
Equity securities, at fair value 209 171  
Short-term securities 1,390 1,371  
Investment in subsidiaries 30,028 26,993  
Total assets 32,054 29,268  
Debt 5,865 5,871  
Total liabilities 6,104 6,367  
Common stock 23,469 23,144  
Retained earnings 36,984 35,211  
Accumulated other comprehensive income (loss) 640 (1,859)  
Treasury stock, at cost (35,143) (33,595)  
Total shareholders’ equity 25,950 22,901  
Total liabilities and shareholders’ equity $ 32,054 $ 29,268  
Common stock, shares authorized (in shares) 1,750,000,000 1,750,000,000  
Common stock, shares issued (in shares) 255,500,000 263,700,000  
Common stock, shares outstanding (in shares) 255,500,000 263,600,000  
Treasury stock, at cost, shares (in shares) 522,100,000 510,900,000  
Reportable Legal Entities [Member] | TPC [Member]      
Consolidating Balance Sheet      
Fixed maturities, at fair value $ 46,805 $ 43,683  
Equity securities, at fair value 102 105  
Real estate investments 1 2  
Short-term securities 2,793 1,855  
Other investments 2,690 2,746  
Total investments 52,391 48,391  
Cash 207 181  
Investment income accrued 428 434  
Premiums receivable 5,331 5,089  
Reinsurance recoverables 6,511 5,904  
Ceded unearned premiums 603 522  
Deferred acquisition costs 2,094 1,930  
Deferred taxes   167  
Contractholder receivables 4,606 3,867  
Goodwill 2,584 2,578  
Other intangible assets 218 224  
Investment in subsidiaries 0 0  
Other assets 2,360 2,220  
Total assets 77,333 71,507  
Claims and claim adjustment expense reserves 35,568 34,093  
Unearned premium reserves 10,144 9,414  
Contractholder payables 4,606 3,867  
Payables for reinsurance premiums 210 169  
Deferred taxes 272    
Debt 693 693  
Other liabilities 4,609 4,133  
Total liabilities 56,102 52,369  
Common stock 0 0  
Additional paid-in capital 11,634 11,634  
Retained earnings 8,451 8,065  
Accumulated other comprehensive income (loss) 1,146 (561)  
Treasury stock, at cost 0 0  
Total shareholders’ equity 21,231 19,138  
Total liabilities and shareholders’ equity 77,333 71,507  
Reportable Legal Entities [Member] | Other Subsidiaries [Member]      
Consolidating Balance Sheet      
Fixed maturities, at fair value 21,238 19,697  
Equity securities, at fair value 114 92  
Real estate investments 962 902  
Short-term securities 760 759  
Other investments 728 810  
Total investments 23,802 22,260  
Cash 287 192  
Investment income accrued 186 187  
Premiums receivable 2,578 2,417  
Reinsurance recoverables 1,724 2,466  
Ceded unearned premiums 86 56  
Deferred acquisition costs 179 190  
Deferred taxes   302  
Contractholder receivables 13 918  
Goodwill 1,386 1,368  
Other intangible assets 112 121  
Investment in subsidiaries 0 0  
Other assets 419 15  
Total assets 30,772 30,492  
Claims and claim adjustment expense reserves 16,281 16,575  
Unearned premium reserves 4,460 4,141  
Contractholder payables 13 918  
Payables for reinsurance premiums 153 120  
Deferred taxes (170)    
Debt 0 32  
Other liabilities 1,236 849  
Total liabilities 21,973 22,635  
Common stock 585 401  
Additional paid-in capital 7,073 7,023  
Retained earnings 823 879  
Accumulated other comprehensive income (loss) 318 (446)  
Treasury stock, at cost 0 0  
Total shareholders’ equity 8,799 7,857  
Total liabilities and shareholders’ equity 30,772 30,492  
Reportable Legal Entities [Member] | TRV [Member]      
Consolidating Balance Sheet      
Fixed maturities, at fair value 91 84  
Equity securities, at fair value 209 171  
Real estate investments 0 0  
Short-term securities 1,390 1,371  
Other investments 1 1  
Total investments 1,691 1,627  
Cash 0 0  
Investment income accrued 4 3  
Premiums receivable 0 0  
Reinsurance recoverables 0 0  
Ceded unearned premiums 0 0  
Deferred acquisition costs 0 0  
Deferred taxes   (24)  
Contractholder receivables 0 0  
Goodwill 0 0  
Other intangible assets 0 0  
Investment in subsidiaries 30,028 26,993  
Other assets 331 669  
Total assets 32,054 29,268  
Claims and claim adjustment expense reserves 0 0  
Unearned premium reserves 0 0  
Contractholder payables 0 0  
Payables for reinsurance premiums 0 0  
Deferred taxes 35    
Debt 5,865 5,871  
Other liabilities 204 496  
Total liabilities 6,104 6,367  
Common stock 23,469 23,144  
Additional paid-in capital 0 0  
Retained earnings 36,984 35,211  
Accumulated other comprehensive income (loss) 640 (1,859)  
Treasury stock, at cost (35,143) (33,595)  
Total shareholders’ equity 25,950 22,901  
Total liabilities and shareholders’ equity 32,054 29,268  
Eliminations [Member]      
Consolidating Balance Sheet      
Fixed maturities, at fair value 0 0  
Equity securities, at fair value 0 0  
Real estate investments 0 0  
Short-term securities 0 0  
Other investments 0 0  
Total investments 0 0  
Cash 0 0  
Investment income accrued 0 0  
Premiums receivable 0 0  
Reinsurance recoverables 0 0  
Ceded unearned premiums 0 0  
Deferred acquisition costs 0 0  
Deferred taxes   0  
Contractholder receivables 0 0  
Goodwill (9) (9)  
Other intangible assets 0 0  
Investment in subsidiaries (30,028) (26,993)  
Other assets 0 (32)  
Total assets (30,037) (27,034)  
Claims and claim adjustment expense reserves 0 0  
Unearned premium reserves 0 0  
Contractholder payables 0 0  
Payables for reinsurance premiums 0 0  
Deferred taxes 0    
Debt 0 (32)  
Other liabilities 0 0  
Total liabilities 0 (32)  
Common stock (585) (401)  
Additional paid-in capital (18,707) (18,657)  
Retained earnings (9,281) (8,951)  
Accumulated other comprehensive income (loss) (1,464) 1,007  
Treasury stock, at cost 0 0  
Total shareholders’ equity (30,037) (27,002)  
Total liabilities and shareholders’ equity $ (30,037) $ (27,034)