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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Investments    
Fixed income securities, at fair value (amortized cost $57,525 and $56,576) $ 58,992 $ 57,839
Equity securities, at fair value (cost $5,461 and $5,157) 6,621 5,666
Mortgage loans 4,534 4,486
Limited partnership interests 6,740 5,814
Short-term, at fair value (amortized cost $1,944 and $4,288) 1,944 4,288
Other 3,972 3,706
Total investments 82,803 81,799
Cash 617 436
Premium installment receivables, net 5,786 5,597
Deferred policy acquisition costs 4,191 3,954
Reinsurance recoverables, net 8,921 8,745
Accrued investment income 569 567
Property and equipment, net 1,072 1,065
Goodwill 2,181 1,219
Other assets 2,838 1,835
Separate Accounts 3,444 3,393
Total assets 112,422 108,610
Liabilities    
Reserve for property and casualty insurance claims and claims expense 26,325 25,250
Reserve for life-contingent contract benefits 12,549 12,239
Contractholder funds 19,434 20,260
Unearned premiums 13,473 12,583
Claim payments outstanding 875 879
Deferred income taxes 782 487
Other liabilities and accrued expenses 6,639 6,599
Long-term debt 6,350 6,347
Separate Accounts 3,444 3,393
Total liabilities 89,871 88,037
Commitments and Contingent Liabilities (Note 7, 8 and 14)
Shareholders’ equity    
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 72.2 thousand issued and outstanding, $1,805 aggregate liquidation preference 1,746 1,746
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 355 million and 366 million shares outstanding 9 9
Additional capital paid-in 3,313 3,303
Retained income 43,162 40,678
Deferred ESOP expense (3) (6)
Treasury stock, at cost (545 million and 534 million shares) (25,982) (24,741)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 85 57
Other unrealized net capital gains and losses 1,981 1,091
Unrealized adjustment to DAC, DSI and insurance reserves (404) (95)
Total unrealized net capital gains and losses 1,662 1,053
Unrealized foreign currency translation adjustments (9) (50)
Unrecognized pension and other postretirement benefit cost (1,347) (1,419)
Total accumulated other comprehensive income (loss) (“AOCI”) 306 (416)
Total shareholders’ equity 22,551 20,573
Total liabilities and shareholders’ equity $ 112,422 $ 108,610