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Loans and finance receivables (Tables)
 12 Months Ended
Dec. 31, 2024
Schedule of receivables

Other receivables are comprised of the following (in millions).

 

December 31,

 

 

2024

 

 

2023

 

Insurance and other:

 

 

 

 

 

Insurance premiums receivable

$

18,548

 

 

$

19,052

 

Reinsurance recoverables

 

5,177

 

 

 

7,060

 

Trade receivables

 

15,638

 

 

 

16,450

 

Other

 

5,199

 

 

 

4,383

 

Allowances for credit losses

 

(675

)

 

 

(684

)

$

43,887

 

 

$

46,261

 

Railroad, utilities and energy:

 

 

 

 

 

Trade receivables

$

3,764

 

 

$

4,034

 

Other

 

862

 

 

 

1,114

 

Allowances for credit losses

 

(123

)

 

 

(149

)

$

4,503

 

 

$

4,999

 
Loans and Finance Receivables [Member]  
Schedule of receivables

Loans and finance receivables are summarized as follows (in millions).

 

December 31,

 

 

2024

 

 

2023

 

Loans and finance receivables, before allowances and discounts

$

29,700

 

 

$

26,289

 

Allowances for credit losses

 

(1,134

)

 

 

(950

)

Unamortized acquisition discounts and points

 

(768

)

 

 

(658

)

 

$

27,798

 

 

$

24,681

 

 
Schedule of reconciliation of allowance for credit losses on loans and finance receivables

Loans and finance receivables are principally manufactured home loans, and to a lesser extent, commercial loans and site-built home loans. Reconciliations of the allowance for credit losses on loans and finance receivables for each of the three years ending December 31, 2024 follow (in millions).

 

2024

 

 

2023

 

 

2022

 

Balance at the beginning of the year

$

950

 

 

$

856

 

 

$

765

 

Provision for credit losses

 

298

 

 

 

169

 

 

 

124

 

Charge-offs, net of recoveries

 

(114

)

 

 

(75

)

 

 

(33

)

Balance at December 31

$

1,134

 

 

$

950

 

 

$

856

 
Manufactured Housing Loan Balances [Member]  
Summary of performing and non-performing home loans before discounts and credit loss allowances by year of loan origination A summary of performing and non-performing home loans, before discounts and credit loss allowances, by year of loan origination as of December 31, 2024 follows (in millions).

 

Origination Year

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

Prior

 

 

Total

 

Performing

$

6,578

 

 

$

4,969

 

 

$

3,651

 

 

$

3,052

 

 

$

2,358

 

 

$

8,172

 

 

$

28,780

 

Non-performing

 

13

 

 

 

22

 

 

 

16

 

 

 

11

 

 

 

10

 

 

 

45

 

 

 

117

 

$

6,591

 

 

$

4,991

 

 

$

3,667

 

 

$

3,063

 

 

$

2,368

 

 

$

8,217

 

 

$

28,897