Loans and finance receivables (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of receivables

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

	March 31, 2025			December 31, 2024
Insurance and other:
Insurance premiums receivable	$	20,083		$	18,548
Reinsurance recoverables		5,366			5,177
Trade receivables		16,970			15,638
Other		5,666			5,199
Allowances for credit losses		(684	)		(675	)
	$	47,401		$	43,887
Railroad, utilities and energy:
Trade receivables	$	3,708		$	3,764
Other		699			862
Allowances for credit losses		(116	)		(123	)
	$	4,291		$	4,503

Loans and Finance Receivables [Member]

Schedule of receivables

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

	March 31, 2025			December 31, 2024
Loans and finance receivables, before allowances and discounts	$	30,186		$	29,700
Allowances for credit losses		(1,276	)		(1,134	)
Unamortized acquisition discounts and points		(779	)		(768	)
	$	28,131		$	27,798

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 follow (in millions).

	2025			2024
Balance at the beginning of the year	$	1,134		$	950
Provision for credit losses		183			39
Charge-offs, net of recoveries		(41	)		(16	)
Balance at March 31	$	1,276		$	973

Manufactured Housing Loan Balances [Member]

Summary of performing and non-performing home loans before discounts and allowances by year of loan origination

A summary of performing and non-performing home loans before discounts and allowances by year of loan origination as of March 31, 2025 follows (in millions).

	Origination Year
	2025		2024		2023		2022		2021		Prior		Total
Performing	$	1,829	$	5,764	$	4,857	$	3,579	$	2,980	$	10,204	$	29,213
Non-performing		1		11		25		18		19		70		144
	$	1,830	$	5,775	$	4,882	$	3,597	$	2,999	$	10,274	$	29,357