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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $81,781 and $77,380; allowance for expected credit losses of $5 and $3) $ 77,807 $ 71,160
Equity securities, at fair value (cost $553 and $747) 608 807
Real estate investments 959 952
Short-term securities 5,137 3,470
Other investments 4,299 4,065
Total investments 88,810 80,454
Cash 650 799
Investment income accrued 688 650
Premiums receivable (net of allowance for expected credit losses of $69 and $77) 10,282 8,922
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $118 and $132) 8,143 8,063
Ceded unearned premiums 1,150 1,024
Deferred acquisition costs 3,306 2,836
Deferred taxes 1,504 1,877
Contractholder receivables (net of allowance for expected credit losses of $20 and $17) 3,249 3,579
Goodwill 3,976 3,952
Other intangible assets 277 287
Other assets 3,943 3,274
Total assets 125,978 115,717
Liabilities    
Claims and claim adjustment expense reserves 61,627 58,649
Unearned premium reserves 20,872 18,240
Contractholder payables 3,269 3,596
Payables for reinsurance premiums 518 419
Debt 8,031 7,292
Other liabilities 6,740 5,961
Total liabilities 101,057 94,157
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 228.2 and 232.1 shares issued and outstanding) 24,906 24,565
Retained earnings 45,591 43,516
Accumulated other comprehensive loss (4,471) (6,445)
Treasury stock, at cost (559.2 and 553.5 shares) (41,105) (40,076)
Total shareholders’ equity 24,921 21,560
Total liabilities and shareholders’ equity $ 125,978 $ 115,717