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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Investments    
Fixed income securities, at fair value (amortized cost $56,209 and $57,525) $ 56,674 $ 58,992
Equity securities, at fair value (cost $5,928 and $5,461) 6,986 6,621
Mortgage loans 4,679 4,534
Limited partnership interests 7,434 6,740
Short-term, at fair value (amortized cost $3,424 and $1,944) 3,424 1,944
Other 4,092 3,972
Total investments 83,289 82,803
Cash 450 617
Premium installment receivables, net 5,856 5,786
Deferred policy acquisition costs 4,409 4,191
Reinsurance recoverables, net 8,916 8,921
Accrued investment income 576 569
Property and equipment, net 1,060 1,072
Goodwill 2,189 2,181
Other assets 3,230 2,838
Separate Accounts 3,314 3,444
Total assets 113,289 112,422
Liabilities    
Reserve for property and casualty insurance claims and claims expense 26,115 26,325
Reserve for life-contingent contract benefits 12,333 12,549
Contractholder funds 19,139 19,434
Unearned premiums 13,448 13,473
Claim payments outstanding 865 875
Deferred income taxes 725 782
Other liabilities and accrued expenses 7,226 6,639
Long-term debt 6,847 6,350
Separate Accounts 3,314 3,444
Total liabilities 90,012 89,871
Commitments and Contingent Liabilities (Note 12)
Shareholders’ equity    
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 95.2 thousand and 72.2 thousand shares issued and outstanding, $2,380 and $1,805 aggregate liquidation preference 2,303 1,746
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 352 million and 355 million shares outstanding 9 9
Additional capital paid-in 3,367 3,313
Retained income 45,031 43,162
Deferred ESOP expense (3) (3)
Treasury stock, at cost (548 million and 545 million shares) (26,280) (25,982)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 84 85
Other unrealized net capital gains and losses 283 1,981
Unrealized adjustment to DAC, DSI and insurance reserves (180) (404)
Total unrealized net capital gains and losses 187 1,662
Unrealized foreign currency translation adjustments (13) (9)
Unrecognized pension and other postretirement benefit cost (1,324) (1,347)
Total accumulated other comprehensive income (“AOCI”) (1,150) 306
Total shareholders’ equity 23,277 22,551
Total liabilities and shareholders’ equity $ 113,289 $ 112,422