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Consolidated Balance Sheet (Unaudited at March 31, 2022) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $76,158 and $74,751; allowance for expected credit losses of $4 and $3) $ 74,386 $ 77,810
Equity securities, at fair value (cost $761 and $749) 880 893
Real estate investments 975 979
Short-term securities 3,467 3,836
Other investments 3,956 3,857
Total investments 83,664 87,375
Cash 752 761
Investment income accrued 570 615
Premiums receivable (net of allowance for expected credit losses of $89 and $107) 8,593 8,085
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $135 and $141) 8,734 8,452
Ceded unearned premiums 1,266 902
Deferred acquisition costs 2,645 2,542
Deferred taxes 662 0
Contractholder receivables (net of allowance for expected credit losses of $19 and $21) 3,901 3,890
Goodwill 4,001 4,008
Other intangible assets 301 306
Other assets 3,503 3,530
Total assets 118,592 120,466
Liabilities    
Claims and claim adjustment expense reserves 57,572 56,907
Unearned premium reserves 17,193 16,469
Contractholder payables 3,920 3,911
Payables for reinsurance premiums 694 384
Deferred taxes 0 289
Debt 7,291 7,290
Other liabilities 6,391 6,329
Total liabilities 93,061 91,579
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 240.0 and 241.2 shares issued and outstanding) 24,348 24,154
Retained earnings 42,359 41,555
Accumulated other comprehensive income (loss) (2,602) 1,193
Treasury stock, at cost (544.8 and 541.5 shares) (38,574) (38,015)
Total shareholders’ equity 25,531 28,887
Total liabilities and shareholders’ equity $ 118,592 $ 120,466