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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Investments    
Fixed income securities, at fair value (amortized cost $57,618 and $57,525) $ 57,663 $ 58,992
Equity securities, at fair value (cost $5,741 and $5,461) 6,965 6,621
Mortgage loans 4,592 4,534
Limited partnership interests 7,602 6,740
Short-term, at fair value (amortized cost $3,071 and $1,944) 3,071 1,944
Other 4,075 3,972
Total investments 83,968 82,803
Cash 460 617
Premium installment receivables, net 6,196 5,786
Deferred policy acquisition costs 4,667 4,191
Reinsurance recoverables, net 8,994 8,921
Accrued investment income 616 569
Property and equipment, net 1,032 1,072
Goodwill 2,189 2,181
Other assets 3,061 2,838
Separate Accounts 3,307 3,444
Total assets 114,490 112,422
Liabilities    
Reserve for property and casualty insurance claims and claims expense 26,939 26,325
Reserve for life-contingent contract benefits 12,214 12,549
Contractholder funds 18,650 19,434
Unearned premiums 14,408 13,473
Claim payments outstanding 904 875
Deferred income taxes 660 782
Other liabilities and accrued expenses 7,325 6,639
Long-term debt 6,450 6,350
Separate Accounts 3,307 3,444
Total liabilities 90,857 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, 345 million and 355 million shares outstanding 9 9
Additional capital paid-in 3,441 3,313
Retained income 46,178 43,162
Deferred Employee Stock Ownership Plan (“ESOP”) expense (3) (3)
Treasury stock, at cost (555 million and 545 million shares) (27,011) (25,982)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 86 85
Other unrealized net capital gains and losses (53) 1,981
Unrealized adjustment to DAC, DSI and insurance reserves (49) (404)
Total unrealized net capital gains and losses (16) 1,662
Unrealized foreign currency translation adjustments (34) (9)
Unrecognized pension and other postretirement benefit cost (1,234) (1,347)
Total accumulated other comprehensive income (“AOCI”) (1,284) 306
Total shareholders’ equity 23,633 22,551
Total liabilities and shareholders’ equity $ 114,490 $ 112,422