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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $35,612 and $31,296) $ 36,964 $ 32,182
Fixed maturities, at fair value using the fair value option 41 211
Equity securities, available-for-sale, at fair value (cost of $907 and $878) 1,012 945
Mortgage loans (net of allowances for loan losses of $1 and $0) 3,175 2,886
Limited partnerships and other alternative investments 1,588 1,527
Other investments 96 111
Short-term investments 2,270 1,895
Total investments 45,146 39,757
Cash (includes variable interest entity assets, at fair value, of $0 and $5) 180 328
Premiums receivable and agents’ balances, net 3,910 3,730
Reinsurance recoverables, net 4,061 3,659
Deferred policy acquisition costs 650 645
Deferred income taxes, net 1,164 2,999
Goodwill 1,290 567
Property and equipment, net 1,034 991
Other intangible assets 659 44
Other assets 2,230 2,836
Assets held for sale 164,936 169,020
Total assets 225,260 224,576
Liabilities    
Unpaid losses and loss adjustment expenses 32,287 28,317
Reserve for future policy benefits 713 322
Other policyholder funds and benefits payable 816 602
Unearned premiums 5,322 5,392
Short-term debt 320 416
Long-term debt 4,678 4,494
Other liabilities (includes variable interest entity liabilities of $0 and $5) 5,188 4,596
Liabilities held for sale 162,442 163,534
Total liabilities 211,766 207,673
Commitments and Contingencies (Note 14)
Stockholders’ Equity    
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 384,923,222 and 402,923,222 shares issued 4 4
Additional paid-in capital 4,379 5,247
Retained earnings 9,642 13,114
Treasury stock, at cost — 28,088,186 and 28,974,069 shares (1,194) (1,125)
Accumulated other comprehensive income (loss), net of tax 663 (337)
Total stockholders' equity 13,494 16,903
Total liabilities and stockholders’ equity $ 225,260 $ 224,576