XML 51 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities, AFS, at fair value (amortized cost of $41,723 and $39,533, and ACL of $20 and $12) $ 37,962 $ 36,231
Fixed maturities, at fair value using the fair value option ("FVO") 332 333
Equity securities, at fair value 878 1,801
Mortgage loans (net of ACL of $46 and $36) 6,016 6,000
Limited partnerships and other alternative investments 4,664 4,177
Other investments 168 159
Short-term investments 3,300 3,859
Total investments 53,320 52,560
Cash 111 229
Restricted cash 70 115
Premiums receivable and agents' balances (net of ACL of $117 and $109) 5,535 4,949
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $109 and $105) 6,963 6,964
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $109 and $105) 109 105
Deferred policy acquisition costs 1,124 998
Deferred income taxes, net 1,486 1,437
Goodwill 1,911 1,911
Property and equipment, net 894 927
Other intangible assets, net 725 778
Other assets 2,377 2,140
Total assets 74,516 73,008
Liabilities    
Unpaid losses and loss adjustment expenses 41,686 41,243
Other policyholder funds and benefits payable 645 658
Unearned premiums 8,680 7,815
Long-term debt 4,361 4,357
Other liabilities 5,002 4,757
Total liabilities 60,837 59,332
Stockholders' Equity    
Preferred stock, $0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2023 and December 31, 2022, aggregate liquidation preference of $345 334 334
Common Stock, Value, Issued 3 3
Additional paid-in capital 1,869 1,895
Retained earnings 18,382 17,058
Treasury Stock, Value (2,731) (1,773)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax (4,178) (3,841)
Total stockholders’ equity 13,679 13,676
Total liabilities and stockholders’ equity $ 74,516 $ 73,008