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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Investments    
Fixed income securities, at fair value (amortized cost $57,134 and $57,525) $ 57,170 $ 58,992
Equity Securities, FV-NI 5,036 6,621
Mortgage loans 4,670 4,534
Limited partnership interests 7,505 6,740
Short-term, at fair value (amortized cost $3,027 and $1,944) 3,027 1,944
Other 3,852 3,972
Total investments 81,260 82,803
Cash 499 617
Premium installment receivables, net 6,154 5,786
Deferred policy acquisition costs 4,784 4,191
Reinsurance and indemnification recoverables, net 9,565 8,921
Accrued investment income 600 569
Property and equipment, net 1,045 1,072
Goodwill 2,530 2,181
Other assets 3,007 2,838
Separate Accounts 2,805 3,444
Total assets 112,249 112,422
Liabilities    
Reserve for property and casualty insurance claims and claims expense 27,423 26,325
Reserve for life-contingent contract benefits 12,208 12,549
Contractholder funds 18,371 19,434
Unearned premiums 14,510 13,473
Claim payments outstanding 1,007 875
Deferred income taxes 425 782
Other liabilities and accrued expenses 7,737 6,639
Long-term debt 6,451 6,350
Separate Accounts 2,805 3,444
Total liabilities 90,937 89,871
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, 79.8 thousand and 72.2 thousand issued and outstanding, $1,995 and $1,805 aggregate liquidation preference 1,930 1,746
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 332 million and 355 million shares outstanding 9 9
Additional capital paid-in 3,310 3,313
Retained income 44,033 41,579
Deferred Employee Stock Ownership Plan (“ESOP”) expense (3) (3)
Treasury stock, at cost (568 million and 545 million shares) (28,085) (25,982)
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 75 85
Other unrealized net capital gains and losses (51) 1,981
Unrealized adjustment to DAC, DSI and insurance reserves (26) (404)
Total unrealized net capital gains and losses (2) 1,662
Unrealized foreign currency translation adjustments (49) (1)
Unamortized pension and other postretirement prior service credit 169 228
Total accumulated other comprehensive income (AOCI) 118 1,889
Total shareholders’ equity 21,312 22,551
Total liabilities and shareholders’ equity $ 112,249 $ 112,422