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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $39,640 and $40,078, and ACL of $32 and $0) $ 42,200 $ 42,148
Fixed maturities, at fair value using the fair value option 1 11
Equity securities, at fair value 756 1,657
Mortgage loans (net of ACL of $43 and $0) 4,399 4,215
Limited partnerships and other alternative investments 1,826 1,758
Other investments 178 320
Short-term investments 3,668 2,921
Total investments 53,028 53,030
Cash 291 185
Restricted cash 81 77
Premiums receivable and agents' balances (net of ACL of $183 and $145) 4,595 4,384
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $111 and $114) 5,640 5,527
Deferred policy acquisition costs 812 785
Deferred income taxes, net 130 299
Goodwill 1,911 1,913
Property and equipment, net 1,135 1,181
Other intangible assets, net 996 1,070
Other assets 2,371 2,366
Total assets 70,990 70,817
Liabilities    
Unpaid losses and loss adjustment expenses 36,870 36,517
Reserve for future policy benefits 652 635
Other policyholder funds and benefits payable 750 755
Unearned premiums 6,872 6,635
Short-term debt 0 500
Long-term debt 4,350 4,348
Other liabilities 4,424 5,157
Total liabilities 53,918 54,547
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at June 30, 2020 and December 31, 2019, aggregate liquidation preference of $345 334 334
Common stock, $0.01 par value — 1,500,000,000 shares authorized, 384,923,222 shares issued at June 30, 2020 and December 31, 2019 4 4
Additional paid-in capital 4,299 4,312
Retained earnings 13,167 12,685
Treasury stock, at cost — 26,824,475 and 25,352,977 shares (1,211) (1,117)
Accumulated other comprehensive income, net of tax 479 52
Total stockholders’ equity 17,072 16,270
Total liabilities and stockholders’ equity $ 70,990 $ 70,817