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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $77,380 and $74,751; allowance for expected credit losses of $3 and $3) $ 71,160 $ 77,810
Equity securities, at fair value (cost $747 and $749) 807 893
Real estate investments 952 979
Short-term securities 3,470 3,836
Other investments 4,065 3,857
Total investments 80,454 87,375
Cash 799 761
Investment income accrued 650 615
Premiums receivable (net of allowance for expected credit losses of $77 and $107) 8,922 8,085
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $132 and $141) 8,063 8,452
Ceded unearned premiums 1,024 902
Deferred acquisition costs 2,836 2,542
Deferred taxes 1,877 0
Contractholder receivables (net of allowance for expected credit losses of $17 and $21) 3,579 3,890
Goodwill 3,952 4,008
Other intangible assets 287 306
Other assets 3,274 3,530
Total assets 115,717 120,466
Liabilities    
Claims and claim adjustment expense reserves 58,649 56,907
Unearned premium reserves 18,240 16,469
Contractholder payables 3,596 3,911
Payables for reinsurance premiums 419 384
Deferred taxes 0 289
Debt 7,292 7,290
Other liabilities 5,961 6,329
Total liabilities 94,157 91,579
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 232.1 and 241.2 shares issued and outstanding) 24,565 24,154
Retained earnings 43,516 41,555
Accumulated other comprehensive income (loss) (6,445) 1,193
Treasury stock, at cost (553.5 and 541.5 shares) (40,076) (38,015)
Total shareholders’ equity 21,560 28,887
Total liabilities and shareholders’ equity $ 115,717 $ 120,466