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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Investments    
Fixed income securities, at fair value (amortized cost $55,770 and $57,201) $ 58,129 $ 57,948
Equity securities, at fair value (cost $4,924 and $4,806) 5,265 5,082
Mortgage loans 4,453 4,338
Limited partnership interests 5,407 4,874
Short-term, at fair value (amortized cost $2,850 and $2,122) 2,850 2,122
Other 3,590 3,394
Total investments 79,694 77,758
Cash 446 495
Premium installment receivables, net 5,593 5,544
Deferred policy acquisition costs 3,819 3,861
Reinsurance recoverables, net 8,650 8,518
Accrued investment income 564 569
Property and equipment, net 1,011 1,024
Goodwill 1,219 1,219
Other assets 2,850 2,010
Separate Accounts 3,438 3,658
Total assets 107,284 104,656
Liabilities    
Reserve for property-liability insurance claims and claims expense 24,904 23,869
Reserve for life-contingent contract benefits 12,215 12,247
Contractholder funds 20,845 21,295
Unearned premiums 12,300 12,202
Claim payments outstanding 946 842
Deferred income taxes 782 90
Other liabilities and accrued expenses 6,192 5,304
Long-term debt 5,109 5,124
Separate Accounts 3,438 3,658
Total liabilities 86,731 84,631
Commitments and Contingent Liabilities (Note 10)
Shareholders’ equity    
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 72.2 thousand shares issued and outstanding, and $1,805 aggregate liquidation preference 1,746 1,746
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 371 million and 381 million shares outstanding 9 9
Additional capital paid-in 3,203 3,245
Retained income 39,623 39,413
Deferred ESOP expense (13) (13)
Treasury stock, at cost (529 million and 519 million shares) (24,310) (23,620)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 49 56
Other unrealized net capital gains and losses 1,702 608
Unrealized adjustment to DAC, DSI and insurance reserves (127) (44)
Total unrealized net capital gains and losses 1,624 620
Unrealized foreign currency translation adjustments (41) (60)
Unrecognized pension and other postretirement benefit cost (1,288) (1,315)
Total accumulated other comprehensive income (loss) 295 (755)
Total shareholders’ equity 20,553 20,025
Total liabilities and shareholders’ equity $ 107,284 $ 104,656