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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $41,317 and $41,561, and ACL of $19 and $23) $ 43,607 $ 45,035
Equity securities, at fair value 1,632 1,438
Mortgage loans (net of ACL of $34 and $38)   4,493
Limited partnerships and other alternative investments 2,326 2,082
Other investments 207 201
Short-term investments 3,367 3,283
Total investments 55,727 56,532
Cash 176 151
Restricted cash 104 88
Premiums receivable and agents' balances (net of ACL of $144 and $152) 4,487 4,268
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $98 and $108) 6,083 6,011
Deferred policy acquisition costs 827 789
Deferred income taxes, net 205 46
Goodwill 1,911 1,911
Property and equipment, net 1,092 1,122
Other intangible assets, net 927 950
Other assets 2,497 2,066
Assets held for sale 165 177
Total assets 74,201 74,111
Liabilities    
Unpaid losses and loss adjustment expenses 38,540 37,855
Reserve for future policy benefits 641 638
Other policyholder funds and benefits payable 681 701
Unearned premiums 6,958 6,629
Long-term debt 4,353 4,352
Other liabilities 5,178 5,222
Liabilities held for sale 148 158
Total liabilities 56,499 55,555
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at March 31, 2021 and December 31, 2020, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 4 4
Additional paid-in capital 4,310 4,322
Retained earnings 14,036 13,918
Treasury Stock, Value (1,246) (1,192)
Accumulated other comprehensive income, net of tax 264 1,170
Total stockholders’ equity 17,702 18,556
Total liabilities and stockholders’ equity $ 74,201 $ 74,111