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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities at fair value (amortized cost of $43,551 and $42,414, less allowance for credit loss of $18 and $16) $ 42,579 $ 40,425
Equity securities at fair value (cost of $639 and $686) 668 683
Limited partnership investments 2,462 2,174
Other invested assets 83 80
Mortgage loans (less allowance for credit loss of $35 and $35) 1,003 1,035
Short-term investments 1,900 2,165
Total investments 48,695 46,562
Cash 456 345
Reinsurance receivables (less allowance for uncollectible receivables of $22 and $22) 5,798 5,412
Insurance receivables (less allowance for uncollectible receivables of $25 and $28) 3,489 3,442
Accrued investment income 460 444
Deferred acquisition costs 943 896
Deferred income taxes 755 1,016
Property and equipment at cost (less accumulated depreciation of $315 and $296) 258 253
Goodwill 147 146
Deferred non-insurance warranty acquisition expense 3,571 3,661
Other assets (includes $5 and $23 due from Loews Corporation) 2,784 2,534
Total assets 67,356 64,711
Insurance reserves:    
Claim and claim adjustment expenses 24,558 23,304
Unearned premiums 7,259 6,933
Future policy benefits 14,047 13,959
Short-term debt 0 550
Long-term debt 2,972 2,481
Deferred non-insurance warranty revenue 4,594 4,694
Other liabilities (includes $23 and $28 due to Loews Corporation) 3,168 2,897
Total liabilities 56,598 54,818
Commitments and contingencies (Notes C and G)  
Stockholders' Equity    
Common stock ($2.50 par value; 500,000,000 shares authorized; 273,040,243 shares issued; 270,842,416 and 270,881,457 shares outstanding) 683 683
Additional paid-in capital 2,221 2,221
Retained earnings 9,785 9,755
Accumulated other comprehensive loss (1,837) (2,672)
Treasury stock (2,197,827 and 2,158,786 shares), at cost (94) (94)
Total stockholders’ equity 10,758 9,893
Total liabilities and stockholders' equity $ 67,356 $ 64,711